An attorney for Arch Bay Capital, Irvine, Calif., said the company “is not being sold.” His comment comes in response to a story published on the National Mortgage News website late last week. Quoting investors and traders familiar with the mater, NMN reported that an offering book on the company was making the rounds. The attorney would not address the issue of an offering book, but stressed that the firm is not being sold at this time.
Deephaven expanded its HELOC product for wholesale lenders, Attom launched an AVM model and First American added an AI assistant to its title platform.
The Canadian-American bank's first AI agent does the work of gathering any missing documents and verifying data for mortgage applications.
This is the fourth settlement MV Realty reached in the last two months over its controversial homeownership benefits program, which is now illegal in 33 states.
Mortgage payments climbed to a 10-month high in April as rates rose, but strong annual wage growth of 5.3% helped keep the MBA's affordability index nearly flat month to month.
A report from the Financial Stability Board said limited transparency in the private credit market makes it difficult for regulators to monitor and understand risks, potentially masking challenges to the financial system.
The Consumer Financial Protection Bureau is ending remote work and ordering its entire staff to report to a new Washington, D.C., headquarters five days a week.
