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Fannie Mae Closes Sale of 8,678 Re-Performing Loans With $1.42B in UPB

Fannie Mae recently auctioned 8,678 re-performing mortgage loans with about $1.42 billion in unpaid principal balance (UPB), offered in three pools. The winning bidder for...

Appraisal Map Launches AVM Optimizer

Appraisal Map Inc. has launched AVM Optimizer, a tool that bridges the gap between automated home valuations and true property worth. The new tool enhances...

A&D Mortgage Announces $390.6 Million Securitization of Non-QM Loans

Non-QM lender A&D Mortgage has issued its latest securitization, valued at $390.6 million. The securitization is backed by a pool of 1,171 mostly newly originated...

First-Time Homebuyer Share Drops to New Low

First-time buyers represented only 24% of all home buyers during the 12 months ended in June, down from 32% in the previous 12-month period,...

Weak October Jobs Report Boosts Likelihood of Fed Rate Cut

Only about 12,000 jobs were added to the U.S. economy in October, far below expectations, while the unemployment rate remained unchanged at 4.1%, according...

Aduvo Launches New Sales and Marketing Platform for Mortgage Professionals

Aduvo, a new sales and marketing platform designed for mortgage professionals, has officially launched. Created in response to existing marketing systems that are difficult and...

Domain-Centric Large Language Model for Mortgage Being Built by Sourcepoint

Sourcepoint, a Firstsource company offering outsourced mortgage services and solutions, reports that it is building its own domain-centric large language model (LLM) specific to...

BSI Financial Launches New AI-Driven Tool to Identify Borrowers Likely to Refinance

Mortgage technology firm BSI Financial Services has launched Portfolio Guardian, an AI-driven predictor model that calculates the likelihood a borrower will refinance their mortgage...

Unison Mortgage Launches Equity Sharing Home Loan in Oregon

Unison Mortgage Corp., a Unison company, has launched its Equity Sharing Home Loan in Oregon, which enables homeowners to receive cash the same day...

AI-Powered Chatbots are Coming to Mortgage Servicing, But Will Borrowers be Receptive? 

AI-powered chatbots are coming to the mortgage servicing industry. But there is still a question as to how receptive borrowers will be to this...

ATTOM: Zombie Foreclosures Remain Mostly Eradicated

It’s Halloween, and while there will be numerous little zombies wandering neighborhood streets this evening, it’s unlikely we will see much of another kind...

Homebuyer Affordability Improved in September, But it Likely Won’t Last

Homebuyer affordability improved slightly in September, as the national median payment applied for by purchase applicants fell to $2,041, down from $2,057 in August,...

Nearly Half of U.S. Homeowners Now Considered ‘Equity Rich’

About 48% of mortgaged residential properties in the U.S. were considered “equity-rich” in the third quarter, down from a recent peak of 49.2% hit...

Mortgage Applications Basically Flat Last Week as Rates Continued to Rise

Mortgage application volume decreased 0.1% during the week ended October 25, as the average rate for a 30-year fixed-rate mortgage increased to 6.73%, according...

Pending Home Sales Jumped 7.4 Percent in September

Pending home sales jumped 7.4% in September compared with August and were up 2.6% compared with September 2023, according to the National Association of...

Staying Competitive in Mortgage Servicing During the Refinancing Boom

BLOG VIEW: The mortgage industry is expected to see a significant uptick in refinancing activity, driven by recent interest rate cuts. This surge presents...

Lora Helt Joins Ascribe as SVP of National Sales

Lora Helt has joined Ascribe, a national provider of residential and commercial valuation, evaluation, property inspection, and REO services to mortgage lenders and servicers,...

GSEs Expand Eligibility for Appraisal Waivers on Purchase Loans, Among Other Policy Updates

The Federal Housing Finance Agency (FHFA) has announced updates to several Fannie Mae and Freddie Mac policies including expanding eligibility for appraisal waivers on...

Fay Servicing Partnership with SpringFour Helping Thousands of Struggling Borrowers

Mortgage servicer Fay Servicing reports that it has helped thousands of homeowners who are struggling financially through its partnership with SpringFour, a social impact...

Optimal Blue Adds New Features to its Platform

Optimal Blue has added an expanded AI assistant suite and a new Scenario Optimizer to its PPE, and has also announced free availability of...