Artificial intelligence has reached the negotiating table. Processing Content A South Florida man this month described how he sold his house using ChatGPT as his real estate agent, a choice he claimed led to meaningful savings. Robert Levine told NBC South Florida he used the chatbot for much of the process, from pulling together marketing […]
What happens when you use ChatGPT to sell your home? Read More »
A former Rocket Mortgage employee is accusing the company of creating a hostile workplace and violating the American with Disabilities Act due to her medical conditions, according to a new discrimination lawsuit. Processing Content In legal documents filed in Michigan federal district court in March, the former employee, Ashley Isberg, said company leaders intentionally derailed
Rocket sees new allegations of ADA violations Read More »
What’s at stake: The Trump administration is trying to weaken the Equal Credit Opportunity Act, the Fair Housing Act, the Home Mortgage Disclosure Act and the implementation of small business lending data collection, known as section 1071 under the Dodd Frank Act. Key insight: Lenders have long complained that the federal government should not be
How Trump is turning fair lending law on its head Read More »
While noting the upside to President Trump’s new executive order to expand home lending among community financial institutions, the Mortgage Bankers Association’s top executive added a note of caution, saying benefits won’t appear immediately. Processing Content In a wide-ranging interview at Intercontinental Exchange’s ICE Experience 2026 conference in Las Vegas on Tuesday, MBA President and
CFPB cuts dull impact of Trump’s latest order, MBA exec says Read More »
It was a fairly uneventful day for mortgage rates, but also a fairly decent one. The underlying bond market made modest gains even without meaningful cues from oil prices. Lately, oil price volatility has been the most visible motivation for bonds and, thus, interest rates. After cresting 6.40% last week, the MND 30yr fixed rate
The Fed Isn’t Doing Anything to Mortgage Rates on Wednesday Read More »
On Tuesday, advisor tech provider Flourish launched a residential mortgage platform aimed at helping RIAs prevent asset outflows to banks and wirehouses during home financing decisions. Processing Content The new offering, Flourish Lending, is available to more than 1,100 RIA firms on the platform and supports refinancing, cash-out refinancing and new home purchase loans of
Flourish launches mortgage platform to help RIAs retain assets Read More »
The Federal Housing Finance Agency’s latest performance review plan emphasizes interest in having more power to review Fannie Mae and Freddie Mac’s business partners. Processing Content “Currently, US Federal Housing does not have statutory authority to oversee third-party service providers. These third-party relationships can potentially pose risks,” the agency — which Director Bill Pulte alternately
FHFA plan renews its effort to grow counterparty oversight Read More »
Oksenholt Capital Management, an investor in Fannie Mae and Freddie Mac’s stock, is echoing earlier calls by billionaire Bill Ackman for the government-sponsored enterprises’ shares to be moved back to a major exchange. Processing Content “In my view, the time has come for Fannie Mae and Freddie Mac to return to a major public exchange
Major GSE investor echoes Ackman’s call for Fannie, Freddie uplisting Read More »
RATE Mortgage Trust’s latest securitization of prime mortgages will raise $362.2 million in securitized bonds, with the highest average loan balance and the highest concentration of single-family homes in about four years. Processing Content The deal includes a long series of tranches of class A notes that are a combination of exchangeable and interest-only notes,
Prime mortgages support $363.2 million in RMBS from RATE Read More »
Younger Americans continue to see their share of the country’s real estate wealth shrink, while the oldest Americans have seen their portion grow, new industry data shows. Processing Content Americans 70 years or older held 26% of the United States’ $48 trillion in real estate wealth in the third quarter of last year, slightly less
Oldest Americans’ share of real estate wealth at record high Read More »