One in five listings had a price reduction in July, while pending sales increased for the eighth consecutive month
Seller price adjustments are helping keep the purchase market moving even though higher mortgage rates continue to strain affordability and the summer housing market is losing momentum.One in five active listings had a price reduction in July, while pending sales increased f...
Seller/servicers using artificial intelligence in origination or servicing must have formal policies, oversight, and vendor controls in place
Fannie Mae’s artificial intelligence and machine-learning governance requirements take effect Thursday, Aug. 6, giving approved seller/servicers a final deadline to formalize how the technology is used across mortgage origination and servicing.The requirements apply when a s...
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