The Eleventh Federal Home Loan District Cost of Funds Index barely moved in January.The Federal Home Loan Bank of San Francisco has calculated the January COFI at 4.392%, virtually unchanged from December's 4.396%. The monthly results for the Freddie Mac Primary Mortgage Market Survey of the one-year adjustable-rate mortgage show the average rate rising 2 basis points in January and another 4 bps in February. Looking at the weekly results for March 1, the average for the one-year ARM stood at 5.49%, the same level it has recorded for four of the last six weeks, dating back to Jan. 25.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27 -
Deferrals are up but still haven't outpaced loan modifications in conservatorship-era foreclosure prevention, according to the Federal Housing Finance Agency.
March 27