Special Program Root Tag

Seventeen companies showed off their latest tech aimed at streamlining the lending experience.

The top five lenders have a combined retail home loan volume of more than $29 billion at the end of Q2 2023.

The share of residential property buyers that put themselves in the most optimistic category jumped notably in the latest edition of an RCN survey.

Don't miss Chairman of WGA LLC, Christopher Whalen, and former FHFA chief Mark Calabria detail the tensions and collaborations that are necessary to progress our housing economy.

Immerse yourself in an engaging series of technology-focused presentations, unveiling an array of innovative products and services specifically tailored to enhance your workflows. 

Immerse yourself in an engaging series of technology-focused presentations, unveiling an array of innovative products and services specifically tailored to enhance your workflows. 

Opening Remarks: Heidi Patalano, Editor in Chief, National Mortgage News

A half dozen experts shared advice for financial advisors and clients who are buying, selling or refinancing homes.

Lenders could gain efficiencies from advances in artificial intelligence as the related development of alternative data potentially opens up the market to more borrowers, but hurdles exist.

Commercial real estate borrowers, including vulnerable office tower landlords, are increasingly struggling to make payments and, as a result, more lenders are expected to report higher credit costs.

MSP users who are not Encompass customers are a particular target and vice versa, ICE Mortgage Technology chair Ben Jackson said.

To help those who may not get paid during a budget deadlock, credit unions are reviving past programs such as low-interest loans, payment deferrals and forms of relief.

Public policy experts debated the effect of rising rates on the mortgage market, the impact on homebuyers and ways that Fannie Mae and Freddie Mac could exit conservatorship at the National Mortgage News Digital Mortgage Conference.

The Federal Reserve Inspector General's report on the failure of Silicon Valley Bank found that officials at the Federal Reserve Bank of San Francisco wanted to remove the CEO from its board before examiners downgraded SVB's supervisory ratings.

These business purpose loans are vehicles for a specific type of potential fraud, the reverse occupancy scheme, where someone applying for a non-owner-occupant mortgage actually intends to live in the property.

CrossCountry Mortgage, American Pacific Mortgage and Fairway Independent Mortgage run their shops this way.

Georgia United Credit Union is collaborating with the income-verification fintech Argyle to combat submissions of false documents and other crimes.

Banks need to — and can — take steps to manage the phenomenon, first defined by a Japanese academic in the 1970s, where artificial intelligence looks, feels or sounds human and gives customers a creepy feeling, experts say.

The report comes from Federal Housing Finance Agency Inspector General Brian Tomney's office, which also is keeping an eye on turnover risks at the government-sponsored enterprises.

The nation's largest bank, which acquired the remains of San Francisco-based First Republic following its failure this spring, has completed its plans to close 21 offices this year. But the consolidation effort is likely to continue.