Over the past few years, AI has become widely used across many industries, including finance. Artificial intelligence technologies are rapidly becoming better, able to take on tasks that are more complex. AI technologies also getting more specific to certain applications. Now, for example, you can leverage AI lending software to intelligently process mortgage documents.
Category: News and Trends
Sponsored Content from First American Data & Analytics: Upgrading Your Tech Stack–Don’t Overlook Data Quality
Data plays a critical role in lending decisions. It’s important to understand how it powers your solutions and why quality matters.
MBA Weekly Survey Apr. 19, 2023: Rising Rates Dampen Applications
Mortgage applications fell for the second time in three weeks as rising interest rates curtailed activity, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending April 14.
#NAC23: Lessons from the COVID Pandemic
WASHINGTON, D.C.–The Federal Reserve’s intervention when COVID hit the economy in March 2020 prevented massive damage to the markets, but the Fed should have stepped back after that, Rep. Warren Davidson, R-Ohio, said here at the MBA National Advocacy Conference.
MBA Presents Nicole Booth with Burton C. Wood Award
The Mortgage Bankers Association presented its annual Burton C. Wood Legislative Service Award to Nicole Booth, CEO of QC Ally LLC, Boston.
ATTOM: 1Q Foreclosure Starts Up 29%; REO at 3-Year High
ATTOM, Irvine, Calif., said first quarter foreclosure filings rose by 6 percent from the fourth quarter and by 22 percent from a year ago.
March Housing Starts Down 1%; Single-Family Starts, Permits, Completions Up
Housing starts fell by 0.8 percent in March, the Census Bureau and HUD reported Tuesday, although single-family starts, permits and completions all rose amid growing home builder sentiment.
Dealmaker: Northmarq Completes $32M for Retail, SFR
Northmarq arranged $32.3 million to refinance a shopping center in New York and to sell a single-family rental home community in Phoenix.
Single-Family Rent Growth Declines for 10th Straight Month
CoreLogic, Irvine, Calif., said single-family rent price growth continued its slowing trend in February as it dropped to a 5% growth rate.
March New Home Purchase Mortgage Applications Up 10%
The Mortgage Bankers Association said mortgage applications for new home purchases in March increased by 10 percent from February and by 0.6 percent from a year ago.