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Artificial intelligence like IBM's Watson may not make bank compliance officers obsolete, but it could mean far fewer of them will be needed in the future, focused on higher-level tasks.
September 29 -
IBM will purchase Promontory Financial Group a consultancy so influential it has been dubbed the industry's "shadow regulator" in a move that could extend artificial intelligence into every aspect of banking.
September 29 -
Commercial mortgage loans held by life insurance companies provided lower returns in the second quarter than the previous one, according to the LifeComps Commercial Mortgage Loan Index.
September 28 -
Fannie Mae has awarded its latest "community impact" pool of nonperforming loans to an affiliate of the nonprofit New Jersey Community Capital.
September 27 -
Freddie Mac plans to say it will start a pilot program to increase the amount of risk it shares with private mortgage insurers.
September 26 -
The Mortgage Bankers Association has detailed the features of a proposal to succeed the soon-to-be-defunct Home Affordable Mortgage Program.
September 23 -
Towd Point Mortgage Trust is adding more "dirty" pool assets into its fourth reperforming mortgage securitization of 2016.
September 23 -
The average sales price of a new mobile home was $67,800 in April, compared with an average sales price of $380,000 for a site-built home.
September 23 -
Mortgage industry hiring and new job appointments for the week ending Sept. 23.
September 23 -
Banks are dumping their mortgage servicing rights because low rates and new rules make it hard to earn a profit. SunTrust, Flagstar and First South Bancorp in North Carolina are taking the opposite view.
September 22