We had a pretty sharp upturn in rates in August. Since then, interest rates have remained elevated. It was a bit unexpected because most market analysts were predicting rates to ease a bit in the second half of the
Consumers must receive accurate and specific reasons for credit denials
Today, the Consumer Financial Protection Bureau (CFPB) issued guidance about certain legal requirements that lenders must adhere to when using artificial intelligence and other complex models. The
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) awarded today 29 Tribal HUD-Veterans Affairs Supportive Housing (Tribal HUD-VASH) renewal awards, totaling $8,588,580, to provide rental assistance and supportive services to Native American Veterans experiencing or at risk of
MCLEAN, Va., Sept. 14, 2023 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.18 percent.
“Mortgage rates inched back
Number of users of award-winning AI-Cloud mortgage document automation technology increases 36% year-over-year
Paradatec Inc., a market leader in AI-based document analysis technology for the lending and real estate industries, announced a 36% increase over the
The drought of new listings abated slightly in August, despite high mortgage rates
Fannie Mae (OTCQB: FNMA) today began marketing its thirtieth sale of reperforming loans as part of the company’s ongoing effort to reduce the size of its retained mortgage portfolio.
The sale consists
11 Sep, 2023, 09:00 ET
