The final quarter of 2023 witnessed a record-breaking increase in the risk associated with wire and title fraud, with issues plaguing nearly 51.8% of transactions. Such problems resulted in heightened potential for wire and title fraud incidents.
Ted Tozer, with a tenure as the president of Ginnie Mae between 2009 and 2017, expresses enthusiasm about the enterprise looking into the development of a brand new HMBS product.
Leaders from Dark Matter Technologies discussed the implications of automation and cost reduction strategies in their Empower Loan Origination System. Additionally, they considered the role artificial intelligence plays in the loan initiation process.
Jim Butler discusses the transition to digital platforms, the incorporation of artificial intelligence in the enterprise, and the dynamic atmosphere experienced when collaborating with professionals in the sector.
In a recent lawsuit filed in California, NAR, real estate brokerages, and 21 regional Realtor organizations are alleged to have conspired to increase agent commissions.
This week signaled positive news for prospective homebuyers, as mortgage rates experienced a drop to 6.6%, hitting their most affordable point since May 2023. This development provides a potential opportunity for those who have been patiently biding their time to enter the housing market.
The surge in construction of single-family homes experienced a slight deceleration recently. Data suggests that approximately 1.413 million homes were initiated in 2023, representing a 9.0% decrease from the previous year, 2022.
Fraudsters are becoming increasingly audacious in their efforts to prey upon elderly Americans, asserts the Bureau. These cheaters falsely identify themselves as affiliates of the CFPB or other government bodies in an attempt to deceive the victim.
The estate manager for RMF is contemplating switching to Chapter 7 due to an insufficient money supply to fulfil its present Chapter 11 bankruptcy commitments.
UWM has a goal to bridge homebuyers and local mortgage brokers, featuring a variety of loan alternatives on its revamped website, Mortgage Matchup.