Industry Panel Outlines Concerns, Opportunities With GSEs, Credit Scoring

LAS VEGAS–Two of the hottest topics in mortgage banking currently are the respective futures of the GSEs and credit scoring. With that in mind, a panel of industry leaders took the stage at the Mortgage Bankers Association’s Annual Convention and Expo to share their thoughts.

Panel Tackles AI, Customer Experience

LAS VEGAS–What impact will AI have on the mortgage banking industry? Is it a bubble? How does it fit into the customer experience?

FundingShield: Q3 Saw Record Wire, Title Fraud Risks Per Transaction

FundingShield, Newport Beach, Calif., released its Q3 Wire Fraud Analytics and Risk Report, finding that nearly 46.6% of transactions were flagged for issues posing significant wire and title fraud risks. Each of those loans had an average of 3.1 issues per transaction, a record high and an increase of 35% from Q2.

Chart of the Week: ARM Applications Level and Share

Adjustable-rate mortgages (ARMs), when used appropriately, can help ease affordability challenges and provide homeownership and equity building opportunities for qualified borrowers.