“This sweepstakes is our special way of extending our deepest thanks to our customers and to our employees,” said loanDepot Chief Executive Officer and Founder Anthony Hsieh. “When we opened our doors, it was our goal to help as many Americans achieve the dream of homeownership and to find financial success. Today, we are delighted and humbled by the impact our efforts have achieved thus far, and look forward to exponentially expanding that volume in our next decade.”
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...
Pending sales fell to their lowest level since early April, but lower asking prices and reduced competition give originators more options to structure deals for qualified borrowers
Higher mortgage rates are thinning the purchase pipeline, even as lower asking prices and reduced competition give borrowers still in the market more leverage.Seasonally adjusted U.S. pending home sales totaled 322,739 during the four weeks ending July 26, their lowest level...
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