CFPB, OCC and Federal Reserve raise thresholds for TILA standards
The Consumer Financial Protection Bureau (CFPB) on Monday announced its joint rulemaking with the Federal Reserve Board and the Office of the Comptroller of the Currency...
Demo Day: CreditXpert – HousingWire
Enterprise Platform
CreditXpert’s Enterprise Platform is the company’s next generation credit score insight and predictive analytics engine for mortgage lenders. Immediately identify an applicant’s credit potential, generate...
Fannie Mae President David Benson to retire as GSE announces leadership changes
Fannie Mae announced a slew of leadership changes following the expected retirement of two senior executives. President David Benson will step down from his position in early...
The average IMB lost $1,015 per loan in Q3, nearly doubling Q2 losses: MBA
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported an average net loss of $1,015 on each loan they originated in the third quarter...
Demo Day: CoreLogic Image Analytics
Image Analytics
CoreLogic’s Image Analytics feature leverages advanced computer vision technology to analyze and extract valuable insights from images related to real estate properties. This powerful tool...
Injunction in Sitzer/Burnett commission lawsuit not expected until spring 2024
As the dust from the Sitzer/Burnett commission lawsuit trial and jury verdict settles, many unanswered questions remain. And based on Judge Stephen Bough’s latest filing, it...
FHFA imposes a $140B cap to GSEs’ multifamily loan purchases in 2024
Government sponsored-enterprises (GSEs) Fannie Mae and Freddie Mac will each have a $70 billion cap for multifamily loan purchases in 2024, the Federal Housing Finance Agency (FHFA) announced Tuesday.
The combined $140 billion volume considers...
How the housing ecosystem can empower and educate borrowers about mortgage relief
Every borrower wants to believe their homeownership journey will be smooth sailing, without financial hardships or missed mortgage payments. But as the last few years have...
Demo Day: DocMagic TRID Compliance Solution
TRID Compliance Solution
DocMagic revolutionizes the underwriting process by offering an AI-driven TRID solution for lending teams. We’re streamlining the underwriting process by automating document verification, classification,...
Texas commission lawsuit names real estate teams and individual broker as defendants
The commission lawsuits have arrived in Texas, but the QJ Team suit, named after its lead plaintiff, isn’t like your Moehrl, Sitzer/Burnett, March, Gibson or Batton...