In many ways, the COVID-19 pandemic is largely behind us. Even so, ripples from early in the pandemic are still affecting the market today. According to a new ...
Read More »CFPB Cautions Lenders About Black-Box Lending Models
Rohit Chopra, Director of the CFPB, said, “Companies are not absolved of their legal responsibilities when they let a black-box model make lending decisions.”
Read More »Freddie Mac to Debut Automated Verification System in June
New automated underwriting capabilities such as verification of assets, income, and employment using borrower-approved bank account data increases efficiency and reduces risk.
Read More »Bureau Launches New Effort to Promote Competition and Innovation
The Consumer Finance Protection Bureau is closing one office but opening another to promote competition and innovation in consumer finance.
Read More »Housing Inventory, Prices on the Rise in April
During a month that typically sees increasing sales in the lead up to the summer busy season, April 2022 saw sales remain essentially flat from March, increasing by ...
Read More »Report: Origination Activity to Total $2.7 Trillion in 2022
Due to a litany of factors, Fannie Mae cut their predictions for origination activity, total sales, and GDP for 2022 and 2023.
Read More »Is the Housing Market Finding a Not-so-New Normal?
According to First American Chief Economist Mark Fleming, rising rates may cool house price appreciation, and bring a new norm to the market.
Read More »White House Issues Plan to Combat Housing Supply Limitations
The Housing Supply Action Plan, announced by the Biden-Harris Administration, hopes to ease costs by boosting the supply of quality housing in communities across the country.
Read More »Stalled Construction Projects Up Nearly 50%
New Census data has found that a spike in the cost of raw materials and continued supply chain issues has driven up the number of home construction projects that were authorized but not started.
Read More »One-Quarter of Lenders Familiar With Blockchain Technology
In a new blog post, Ryan Jackson of Fannie Mae discusses how the mortgage industry is embracing blockchain technology and what the future holds.
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