Wiessmann has been secretary at Pennsylvania Department of Banking and Securities since 2015. She also served as Pennsylvania State Treasurer from 2007 to 2009. Outside of her public sector work, Wiessmann was a founding principal and president of Artemis Capital Group, the first female-owned investment banking firm on Wall Street. Earlier in her career, she was vice president of public finance at Goldman Sachs.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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