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The waivers to standard procedure will remain in place until December 2021.

After the agency pulled back on fair-lending enforcement in the Trump administration, interim Director Dave Uejio has made clear his intent to use the “disparate impact” standard to launch more anti-discrimination probes.

The acquiring company does business under the name Excelerate Capital and will extend that name to Castle in order to expand its footprint.

Community banks say Vizaline’s software, which converts property descriptions into images, helps them catch errors before they close real estate loans without resorting to expensive land surveys. But traditional surveyors say the results are of questionable value.

However, the share of new impairments increased, likely as a result of the high concentration of these loans given to self-employed borrowers.

After mortgage rates rose for three weeks, borrowers took advantage of a 3-basis-point dip and sparked a short-term refinancing rally, according to the Mortgage Bankers Association.

The plan is aimed at low- and moderate-income communities, and may enable 60,000 individuals and families to purchase homes, the bank said in a statement Wednesday.

The California company acquired Civic Financial Services, which makes loans to residential real estate investors.

Now approved by Fannie Mae, the digital servicer aims to shake up the status quo by reducing costs caused by a “monopoly in the market.”

With the shift to a low-rate environment dominated by no cash-out refinancing, use of an alternative to traditional valuations has soared.