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CFPB Fleshes Out Rules for Credit Denials That Use AI

CFPB Fleshes Out Rules for Credit Denials That Use AI

Saturday, 23 September 2023
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The Consumer Financial Protection Bureau has issued guidance for lenders’ use of artificial intelligence in their credit decision-making process. So reports PYMNTS. Read more...
Mortgage Rates Drift in Sixth Week Above 7%

Mortgage Rates Drift in Sixth Week Above 7%

Saturday, 23 September 2023
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U.S. long-term mortgage rates have posted a sixth consecutive week over 7%, holding relatively steady as the Federal Reserve paused its tightening. So reports Dow Jones. Read more...
Mortgage Rates Hold Above 7% for Fifth Straight Week

Mortgage Rates Hold Above 7% for Fifth Straight Week

Friday, 15 September 2023
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U.S. long-term mortgage rates have remained above 7% for five consecutive weeks amid ongoing inflation concerns. So reports CNN. Read more...
Millennials, Gen Z Losing Hope in Home Ownership: Redfin

Millennials, Gen Z Losing Hope in Home Ownership: Redfin

Friday, 15 September 2023
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New survey results from Redfin suggest that millennials and Gen Z are feeling gloomy about the prospects that they will share in the American Dream. So reports DSNews. Read more...
Trident Mortgage Launches Subsidy Fund After Redlining Settlement

Trident Mortgage Launches Subsidy Fund After Redlining Settlement

Friday, 15 September 2023
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Trident Mortgage has rolled out an $18.4 million mortgage assistant program as part of a settlement announced by the Department of Justice last year over “deliberate discrimination against minority families.” So reports NEXT Mortgage News. Read more...
FHFA Seeks More Input on Credit Score Shift

FHFA Seeks More Input on Credit Score Shift

Friday, 15 September 2023
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The Federal Housing Finance Agency has revealed plans for more stakeholder forums, listening sessions and other public engagement ahead of Fannie Mae and Freddie Mac’s new credit score requirements. So reports MortgageOrb. Read more...
MMG's Bodnar: It's All About Inflation and Oil

MMG's Bodnar: It's All About Inflation and Oil

Friday, 15 September 2023
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Bill Bodnar of the Mortgage Market Guide (MMG) digs into inflation and oil and their impact on the mortgage market. Read more...
ICE Closes on Black Knight Deal

ICE Closes on Black Knight Deal

Sunday, 10 September 2023
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Intercontinental Exchange, owner of the New York Stock Exchange, has wrapped up its purchase of housing finance data provider Black Knight. So reports MortgageOrb. Read more...
Average Mortgage Payment Surges 60% in Two Years

Average Mortgage Payment Surges 60% in Two Years

Sunday, 10 September 2023
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The average mortgage payment among borrowers purchasing a home has soared 60% over the past two years to $2,306, before taxes and insurance, according to Black Knight data. So reports Real Estate News. Read more...
Housing Costs Keep Consumer Sentiment Gloomy: Fannie Mae

Housing Costs Keep Consumer Sentiment Gloomy: Fannie Mae

Sunday, 10 September 2023
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Although consumers have become slightly less downbeat than a year ago, affordability concerns have continued to dim their perceptions about whether it’s a good time to buy a house, according to Fannie Mae. So reports DSNews. Read more...

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