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The move follows a report last year that the government-sponsored enterprise was looking into working with the provider of artificial intelligence-driven credit-risk models.November 19
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Lenders also increased jumbo product availability as well as rolling out new SOFR-indexed ARMs.November 16
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If enacted, the rule will bring the agency into compliance with the GSEs and the Biggert-Waters Flood Insurance Reform Act.November 10
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Plans for a first-time homebuyer tax credit and expanded affordable housing opportunities may be attractive to lenders, but they’re wary of increased regulation.November 10
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Problems with self-service tools and inconsistent communication have damaged consumer perception of their lender, J.D. Power said.November 9
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For most of the underwriters it was a strong quarter, but concerns remain over government-sponsored enterprise reform and potential claims after forbearances end.November 6
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Compared with the second quarter, the title insurer had 154,000 more orders opened and earned $89 per residential file.November 5
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The ballot measure, which would allow local jurisdictions to expand rent control, had concerned mortgage companies who worried the law would result in a patchwork of different policies that could complicate underwriting and discourage lending.November 4
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The price for the commercial valuation and budgeting technology company was not disclosed.November 4
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The technology rolled out by the Department of Housing and Urban Development aims to provide lenders with immediate and expanded responses related to Federal Housing Administration insurance eligibility.November 2
