U.S. subprime prices outside of the notorious 2007 vintage continued to show notable signs of a significant rebound in the latest month, according to a Fitch credit default swap index. Overall, the Fitch Subprime Total Market Price index showed a 7% month-to-month increase to 8.71% as of May 1. The 2007 vintage is still down 9% on the year, but since Jan. 1 the 2005 and 2006 vintages have gained by 36% and 22%, respectively.
In 8-minute presentations, tech providers showed how they're utilizing artificial intelligence to automate entire workflows, supercharge capacity and emphasize compliance.
The release of Fannie Mae and Freddie Mac's internal metrics support this process, but other measures will still be needed, according to Bank of America.
New September funding includes a Series A round for agentic platform Kastle and an investment into Celligence's AngelAI, both with natural-language features.
Borrowers hold a total of $17.9 trillion in home equity in the United States, equal to $310,000 per homeowner, according to Cotality.
ICE dropped its post-Dec. 31 SDK access fee as migration lags. Audit plugins, get written confirmation from ICE, budget for dual-running and weigh API-native rivals.
The latest runup alarmed lenders but offered some new servicing opportunities unique to this market that can benefit both sides of the business.
