The House Financial Services Committee discussed allowing banks to experiment with artificial intelligence with a waiver from regulatory penalties, including consumer protection laws, in a hearing.
Falling mortgage rates resulted in a slight uptick in credit availability in August, the Mortgage Bankers Association research showed.
If mortgage rates drop into the low 6% range, there will be a retention opportunity on 5.4 million loans that have interest rates starting at 6.5%.
The number of remodeling establishments hit at a record high earlier this decade and now accounts for over 60% of home construction-related businesses.
Kevin Gaut is Chief Technology Officer at
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Mortgage activity fell 3.8% from one week prior for the week ending Dec. 12, led by a 4% drop in refinance applications, the Mortgage Bankers Association said.
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The deal significantly grows United Wholesale Mortgage's servicing portfolio, and it will increase the float on its common stock, making it more investable.
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The lawsuit is the latest scrutiny over personnel moves this year at the companies under the purview of U.S. Federal Housing Finance Agency Director Bill Pulte.
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The trade group's letter to FHFA Director Bill Pulte pointed out that lenders were facing credit report price hikes for four straight years.
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Hart, who came over from Ellie Mae, starts in the position of Jan. 1, as Tim Bowler moves to a new role within ICE's Fixed Income and Data Services division.
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Michael Hutchins, the two-time interim chief executive at the government-sponsored enterprise, will remain with the company in his role as president.
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Remote work and pandemic-induced requirements from the government related agencies forced lenders to pivot on a dime, making it entirely possible that compliance defects will have a larger share in future quarters, Nick Volpe, executive vice president of ACES Quality Management, says.
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The move to a remote work model is a long-term, technology-driven transformation, which was well underway prior to the pandemic and will continue long after the pandemic, Matthew VanFossen and Taylor Stork, members of the Community Home Lenders Association, argue.
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Public agencies led by the Federal Reserve often stretch the definition of “necessary and proper” to the breaking point when seeking to fulfill public mandates, columnist Chris Whalen argues.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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