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Ally Bank's foray into generative AI: 'We don't want to stand still'

National Mortgage
Mortgage Finance
2 years ago

Ally Financial dove headfirst into generative artificial intelligence after ChatGPT made its splash at the end of 2022.The Detroit bank,.. Read More;

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Criticism, praise follow Fannie Mae's scuttled title-waiver pilot

National Mortgage
Mortgage Finance
2 years ago

Reaction to a recent decision by Fannie Mae to not go forward with a proposed title-waiver pilot is drawing both,.. Read More;

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Investors made up one-quarter of June's home purchases

National Mortgage
Mortgage Finance
2 years ago

The investor share of single-family home purchases remained at over one-quarter of the residential sales market in June, but it,.. Read More;

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As deadline for new Fannie Mae rules approaches, are lenders ready?

National Mortgage
Mortgage Finance
2 years ago

Home lenders that work with Fannie Mae will face new pressure starting in September to have to have their ducks,.. Read More;

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In debate over appraisal bias, rival researchers clash over key data

National Mortgage
Mortgage Finance
2 years ago

Key findings about discrimination in home valuations are under dispute. That hasn't stopped them from informing policy decisions. ,.. Read More;

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Regulators pledge support for institutions in Hawaii's wildfire zone

National Mortgage
Mortgage Finance
2 years ago

Destroyed homes and buildings in Lahaina, Maui, Hawaii, on Aug. 9. Photographer: Patrick T. Fallon/AFP/Getty ImagesPATRICK T. FALLON/Photographer: Patrick T.,.. Read More;

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Nonbank mortgage profits rebound in Q2, but still in the red

National Mortgage
Mortgage Finance
2 years ago

Thanks in part to the spring homebuying season, mortgage bankers saw the amount made on a loan drastically rebound in,.. Read More;

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G-fee debate revived in request for comment on mortgage pricing

National Mortgage
Mortgage Finance
2 years ago

The latest revamp of loan fees at government-sponsored enterprises Fannie Mae and Freddie Mac drew its share of critics, leading,.. Read More;

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CFPB fines Freedom Mortgage $1.75M for RESPA violations

National Mortgage
Mortgage Finance
2 years ago

The Consumer Financial Protection Bureau slapped Freedom Mortgage with a $1.75 million fine Thursday for allegedly violating the Real Estate,.. Read More;

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Rithm's Sculptor deal, mortgage IPO still on track, analysts said

National Mortgage
Mortgage Finance
2 years ago

Rithm Capital's deal to buy Sculptor Capital still should go through even with the opposition of the latter's founder to,.. Read More;

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Regions Bank to shutter three mortgage-only branches

National Mortgage
Mortgage Finance
2 years ago

Regions Bank is in the process of shutting down three mortgage production offices that are "outside of [its] traditional branch,.. Read More;

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Mortgage rates surge to highest mark since 2002

National Mortgage
Mortgage Finance
2 years ago

Mortgage rates accelerated past 7% for the first time since November, landing at its highest level since 2002, according to,.. Read More;

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