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Underwriting

MISMO releases VA, FHA form standards for industry use

MISMO releases VA, FHA form standards for industry use

LOAN PRODUCTS, Mortgage technology, Originations, Secondary bond market, Underwriting /

The Mortgage Industry Standards Maintenance Organization has moved a pair of initiatives related to two government-guaranteed mortgage loans programs up to candidate recommendation status. Processing Content First, the data mapping for a key form in the Veterans Affairs loan process has achieved this status, meaning the standard has been thoroughly reviewed by industry participants and […]

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Better’s Tinman engine now accessible from OpenAI’s ChatGPT

Artificial Intelligence, Better.com, Equities, Mortgage technology, Underwriting /

Better Home & Finance launched an app which allows users to connect to its Tinman underwriting engine directly in ChatGPT from OpenAI. Processing Content Access is through a custom Model Context Protocol connector built by Better in collaboration with OpenAI. MCP is an open standard which enables integration between large language model applications and external

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MI volumes jump 12%, competitive pressure builds

Distressed, LOAN PRODUCTS, Originations, PMI, Underwriting /

Helped by a strong fourth quarter, the six active private mortgage insurers wrote 12% more business in 2025 over the prior year. Between the third and fourth quarter, new insurance written grew by 4%, according to a report from Bose George of Keefe Bruyette & Woods. Typically, the last three months of the year are

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Study reveals bureau score gaps, fueling tri-merge credit debate

Credit Score, Equifax, Experian, HWmember, Mortgage, Origination, TransUnion, Underwriting, VantageScore /

A study by Andrew Davidson & Co. found meaningful credit score discrepancies among the three major bureaus — a key data point for those arguing in favor of maintaining the tri-merge standard rather than shifting to a bi-merge or single-report model. According to the paper, released Friday, 35% of the 245 million scored consumers in

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Dropping tri-merge reports hikes mortgage risk, paper claims

Housing markets, LOAN PRODUCTS, Mortgage Rates, Originations, Secondary markets, Underwriting /

A paper from Andrew Davidson & Co. reportedly supports the notion that dropping the tri-merge credit report standard would result in greater risk to mortgage industry participants. Processing Content The paper was brought to media attention by the Consumer Data Industry Association. Others stand by their views that a single pull is sufficient to use

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Refi shift drives latest increase in mortgage defect rates

Fraud, LOAN PRODUCTS, Mortgage Rates, Originations, Underwriting /

Plummeting mortgage rates during the third quarter last year started a shift in originators’ business mix towards refinance, and this, more than a lessening emphasis on loan manufacture quality, resulted in a huge jump in defect rates, Aces Quality Management said. Processing Content For the last week of June, the 30-year conforming fixed rate mortgage

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MSRs in focus as Fed rethinks Basel III rules

Marketing, Secondary markets, Servicing, Underwriting /

Federal Reserve discussions about relaxing Basel III capital treatment of mortgage servicing assets could make MSRs more attractive for banks, but early analysis points to limited near-term market impact. Processing Content Comments from Federal Reserve Vice Chair for Supervision Michelle Bowman on Monday indicated the Fed was discussing removing the requirement to deduct mortgage servicing

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NAMB outlines 4-part housing affordability fix

NAMB outlines 4-part housing affordability fix

Housing affordability, Housing markets, Originations, Politics and policy, Underwriting /

An integrated solution involving four key areas needs to come to fruition in order to solve the affordable housing crisis, the National Association of Mortgage Brokers argues in its latest white paper. Processing Content Those points were listed in a document accompanying the white paper and include: Increasing the housing supply Reducing regulatory barriers Lowering

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AI hits underwriting: 57% of pros predict change

Artificial Intelligence, Editorial Research, Underwriting /

Underwriting processes will see the greatest transformation — and the biggest lift — from artificial intelligence this year, and the outcomes it produces should aid in instilling confidence among buyers and lenders.  Processing Content In a recent National Mortgage News survey, 57% of respondents predicted AI-driven underwriting would create the greatest mortgage industry change this

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Mortgage rate dip ignites refi boom in January

LOAN PRODUCTS, Mortgage Rates, Originations, Refinance, Secondary markets, Securitization, Underwriting /

Taking advantage of falling interest rates, largely spurred by narrowing primary-secondary spreads resulting from a White House pronouncement, consumers stepped up rate lock activity, while lenders added products in January, separate reports noted. Processing Content On Jan. 8, Pres. Trump ordered Fannie Mae and Freddie Mac to purchase $200 billion of mortgage-backed securities. This came

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