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CFPB reiterates skepticism of AI in fair lending report

National Mortgage
Mortgage Finance
4 years ago

The Consumer Financial Protection Bureau reiterated its skepticism of machine learning and predictive analytics in a fair lending report issued,.. Read More;

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Guilds profit grows from servicing, purchase focus

National Mortgage
Mortgage Finance
4 years ago

Guild Mortgage’s servicing numbers and concentration on purchases led the company to a nearly fourfold first-quarter income gain, but company,.. Read More;

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FHA makes a change for certain post-foreclosure sales

National Mortgage
Mortgage Finance
4 years ago

The Federal Housing Administration on Thursday added a 30-day buyer preference for certain home sales from its default inventory, and,.. Read More;

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PennyMac Financial's 1Q profits driven by servicing

National Mortgage
Mortgage Finance
4 years ago

PennyMac Financial Services' first quarter net income was flat compared with the prior three month period, but on an earnings,.. Read More;

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Mortgage jobs post first two-month decline since 2019

National Mortgage
Mortgage Finance
4 years ago

Jobs at non-depositories active in housing finance in March declined for two months in a row for the first time,.. Read More;

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Zillow tumbles as rising rates weigh on housing market outlook

National Mortgage
Mortgage Finance
4 years ago

Zillow Group Inc. fell as much as 13% in late trading Tuesday after an underwhelming outlook stoked investor fears that,.. Read More;

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UK suffers fall in new construction orders

Mortgage Finance Gazette
Mortgage Finance
4 years ago

At 58.2, down from 59.1 in March, the S&P Global/CIPS UK Construction Purchasing Managers’ Index – which measures month-on-month changes,.. Read More;

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House prices rise for 10th consecutive month to hit record

Mortgage Finance Gazette
Mortgage Finance
4 years ago

This rise is down from 11.1% posted in March, but is still the tenth consecutive monthly rise in prices, the,.. Read More;

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Higher interest, rising prices, fewer listings : A bad mix for mortgages

National Mortgage
Mortgage Finance
4 years ago

Rising interest rates and elevated prices have caused sales of new homes to drop, tightening the mortgage market for banks,.. Read More;

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ICE counters investor pushback on Black Knight deal

National Mortgage
Mortgage Finance
4 years ago

Intercontinental Exchange executives said Thursday they are not worried that its pending acquisition of Black Knight could be derailed by,.. Read More;

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Ocwen extends $54 billion subservicing contract with NRZ

National Mortgage
Mortgage Finance
4 years ago

Ocwen on Thursday reported the extension of a $54 billion subservicing contract with New Residential due for expiration this year,,.. Read More;

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Thiel-backed fintech Neo turns unicorn with $185 million funding

National Mortgage
Mortgage Finance
4 years ago

Peter Thiel’s Valar Ventures Management is leading a $185 million funding round for Canada’s Neo Financial Technologies, propelling it to,.. Read More;

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