Industry News
Coming Up:
Layoffs At Better.com
After a rocky market debut, Better.com has laid off staff.
CFPB Issues Guidance On AI In Credit Underwriting
Creditors must provide specific and accurate reasons for credit denials, even with complex AI models.
Intercontinental Exchange Completes Black Knight Acquisition; Births Dark Matter Technologies Under Constellation Software
Rich Gagliano takes the helm at Dark Matter Technologies, poised to lead the future of Empower LOS with a 1,300-strong team, blending startup agility with decades of industry experience.
FHFA Invites Public Engagement On Modernized Credit Score Transition
Stakeholder forums and listening sessions planned to ensure seamless rollout; extended timeline for bi-merge credit report requirement in play.
Desperation Drives Difficulty in Closing Mortgages in California
Analysis reveals California among top 20 toughest states for mortgage closures.
If You Build It, They Will Come
Ratings will go a long way toward growing the market for home equity-backed securities
Mortgage Banker
Investors May Be Losing Interest In The Single-Family Rental Market
Rise in interest rates, drop in values have them pulling back in certain regions
Mortgage Banker
EPM Embraces Wholesale, Shedding Retail To Champion Brokers
Retail, once a major source of business, has become a bit player for EPM.
United Wholesale Mortgage Expands Safe Check Offerings, Including Hard Credit Check
New features aim to protect brokers and borrowers from excessive trigger lead solicitations and soaring credit costs.