You Remain Accountable When Your AI Vendor Makes Errors
Mortgage servicers must manage AI-driven account decisions under OCC guidance, GSE requirements, and Treasury controls, ensuring compliance through robust vendor contracts.
Home sales show improvement, but higher rates are dampening demand.
Spreads remain at 1.94%, supporting rates under 7%. Purchase applications show a 0.2% year-over-year increase, while pending sales stabilize.
June Sees 1.6% Increase in New Home Sales
Discover insights on the recent increase in new home sales and the implications for median sale prices in the housing market. Read more for details.
Beware of Misleading Information About Foreclosure Trends
Foreclosures rise by 21%, indicating market normalization rather than crisis, with new listings limited and homeowner equity staying robust.
Berkshire Finalizes Taylor Morrison Acquisition Worth $8.5 Billion
Berkshire completes Taylor Morrison acquisition at $72.50 per share, valuing the equity at $6.8B and total enterprise value at $8.5B, impacting market dynamics.
Virginia Sees 7.6% Increase in Home Sales
Median home sales prices have increased significantly, signaling a strong demand in Virginia's housing market. Explore the implications for private lenders.
NRP Group Introduces Affordable Housing Community in Orlando Region
Discover a new affordable housing community in Orlando, catering to families earning 30%-70% of the Area Median Income, enhancing local housing options.
Deed theft increasingly endangers seniors and Black homeowners.
New York City attorney highlights key red flags for real estate and title agents, emphasizing critical issues to watch for in transactions to ensure due diligence.
Equity Union enters Nevada, marking its first market beyond California.
Discover how this brokerage achieved recognition as the fastest-growing firm based on transaction side percentage, showcasing its remarkable impact in the industry.
Mortgage Defaults Stabilize; FHA New Defaults Decrease by 15 Percent
June data reveals a 3.55% delinquency rate and a 15% year-over-year drop in FHA new defaults, alongside a rise in foreclosure inventory to 0.53%.