Technology

The move builds on the government-sponsored enterprise’s previous program that facilitated the collection of more rent payment records from tenants who work with its multifamily borrowers.

The partnership, which is expected to ease lending for bank statement loans, comes as the non-QM sector runs into headwinds.

The newly revealed victims were affected by the previously disclosed cyberattack, which went undetected for 41 days between September and December.

StellarFi, Lamine Zarrad’s new startup, covers consumers' utility and other bills when they hit a cash-flow crunch. It then reports their repayments to the credit bureaus.

UpEquity reportedly saw its growth projections decimated by the cooling refinance market and terminated positions in anticipation of a tepid fundraising environment.

The new product is an extension of its FraudGuard offering for the first lien mortgage market.

The conflicting analyses of automated valuation models highlight a challenge lenders could face in deciding whether to use them to determine racial disparities in home evaluations.

The data breach, which occurred over a two-day period last December, is the largest disclosure by a mortgage lender this year.

Without a rule standardizing data sharing standards, the Consumer Financial Protection Bureau risks the creation of a patchwork system of privacy standards as consumers seek the benefits of an open banking ecosystem.

While compliance specialists will be in demand, loan producers will see their roles change to encompass responsibilities that include more marketing and client development.