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The move builds on the government-sponsored enterprise’s previous program that facilitated the collection of more rent payment records from tenants who work with its multifamily borrowers.
June 29 -
Originators offered fewer high loan-to-value and lower credit-score products, but jumbo offerings increased for the 10th time in 12 months, the Mortgage Bankers Association said.
April 7 -
Rohit Chopra, the director of the Consumer Financial Protection Bureau, has cautioned banks, credit unions and fintechs about fair-lending violations that may stem from reliance on artificial intelligence. His comments threaten to discourage financial firms from using the technology to crunch nontraditional data about borrowers, experts say.
February 1 -
Error findings related to income and employment reached a high point since Aces Quality Management started its report in 2016.
December 14 -
Activity is down 20% from one year ago, driven by a 65% falloff in rate and term refinancings, Black Knight said.
December 13 -
However, it remains 30% tighter than pre-pandemic levels, according to the Mortgage Bankers Association.
November 9 -
Both third-party lenders will purchase conforming loans with balances of $625,000 — 14% higher than the current limit — in anticipation of regulators' action.
October 1 -
The filing by Tamara Richards also accused the founder and other execs of encouraging a "frat house" environment that mistreated women.
September 24 -
Despite “color blind” underwriting algorithms, loan denial rates on mortgages that were not backed by the Federal Housing Administration and the VA skewed heavily toward minority groups, according to a study by The Markup.
August 27 -
The expanded credit access in its automated mortgage decisioning goes into effect in mid September.
August 11