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Category: News and Trends
Fannie Mae: Mortgage Lenders Cite Operational Efficiency as Primary AI Motivation
Mortgage lenders overwhelmingly cited improving operational efficiency as their primary motivation for adopting Artificial Intelligence/Machine Learning, reported Fannie Mae, Washington, D.C.
MBA Annual Session Highlight: American Leadership Session Oct. 16
Hear from top leaders of distinctly American institutions, foundational to our economy and housing ecosystem during this session, Monday, Oct. 16 from 10:30 AM-11:45 AM.
Accenture Credit Services’ Jason Wilborn: What Will the Mortgage Industry Do with Generative AI?
Jason Wilborn is Operations Delivery Manager with Accenture Credit Services, Rancho Cordova, Calif.
MBA’s Broeksmit: Why Mortgage Rates Continue to Rise and What Can Be Done
As mortgage rates reached 23-year highs in MBA’s latest Weekly Applications Survey and application activity fell to a low last seen in 1996, MBA President and CEO Robert Broeksmit, CMB, issued the following statement.
People in the News, Oct. 9, 2023
Jacky Salazar, Director for Commercial/Multifamily Finance at the Mortgage Bankers Association, has been selected to join the Latinas In The Boardroom National Steering Committee.
Mississippi Has the Most Single Homeowners, Study Shows
All Star Home, Raleigh, N.C., analyzed U.S. Census Bureau data to determine which states have the largest percentage of single homeowners–with Mississippi coming in on top and Utah with the fewest.
MISMO Releases Standardized Dataset for Efficient Exchange of VA Verification of Benefits Information
MISMO®, the real estate finance industry’s standards organization, announced that the industry standard dataset mapping for the U.S. Department of Veterans Affairs (VA) Verification of VA Benefits (Form 26-8937) has reached “Candidate Recommendation” status, which means it has been thoroughly reviewed by a wide range of organizations and industry participants and is available for use across the industry.
Veros Projects 2.2% Home Value Appreciation
Veros Real Estate Solutions, Santa Ana, Calif., projects home values will appreciate 2.2% over the next 12 months.
Modex’s Dale Larson III: Beyond CRA–Five Reasons the Mortgage Industry Should Leverage Data on Population Diversity, Minorities and Underserved Communities
While compliance with CRA regulations continues to be a major priority, financial institutions must recognize the importance of diversity, minority inclusion and support for underserved communities as a critical component of their overarching strategy.