Lowering barriers to building The first order, “Removing Regulatory Barriers to Affordable Home Construction,” directs agencies to scrutinize various environmental protection laws that may be leading to a reduction in new-home construction... Read more »
The mortgage industry does not have a speed problem. It has a confidence problem. For decades, the credit score has served as the central organizing mechanism of mortgage risk. It estimates the... Read more »
Over the past several years, private credit has been portrayed as a lifeline for commercial real estate. As banks have tightened under regulatory pressure and rising rates, debt funds stepped in and... Read more »
Better said loan officers using the Tinman AI app in ChatGPT can take consumer application data and documents and fully underwrite loans to the specific guidelines of more than 45 institutional investors.... Read more »
Jay Bray, CEO of Rocket Mortgage, said the connection between brokers and Compass agents will roll out in phases. “There are existing partners that already have relationships with Compass agents. Phase two... Read more »
Opponents counter that the tri-merge model protects borrowers by revealing errors or missing data across bureaus. They warn a single-file approach could enable score “gaming” by allowing lenders to avoid lower scores,... Read more »
At a time when lack of affordability is a major issue for prospective homebuyers, eliminating minimum credit score requirements in GSE automated underwriting may sound like a great idea to expand credit... Read more »
In contrast, lenders’ outlook for the next six months strengthened sharply and reached its highest level since Q4 2024, with an NII of +20.6. “Against a complex economic backdrop which saw deterioration... Read more »
A self-proclaimed identity thief based in Nigeria claimed responsibility over the puzzling, and now court-blocked, auction of Elvis Presley’s historic Graceland mansion. The thief sent an email to the New York Times... Read more »
Home Equity Conversion Mortgage (HECM) endorsements continued to decline in the 2024 fiscal year from a recent peak observed in 2022, while the HECM line of credit continued its dominance as a... Read more »