It's still preliminary, but we've been hearing reports that at least two different Wall Street firms may soon come to market with nonperforming residential loan portfolios north of $100 million each. No names were mentioned, at least that we could verify. Unbeknownst to most of the public, many of the major Wall Street firms have trading desks that buy and sell nonperformers. As for these companies disclosing what they are up to in regard to NPLs, you can forget about it...
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.
The latest runup alarmed lenders but offered some new servicing opportunities unique to this market that can benefit both sides of the business.
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.
