Home-price growth in the U.S. fell to its lowest rate in more than a decade this April, according to the latest data from Cotality. Weighing on the market were continued concerns about the economy, including job stability, inflation and possible tariff impacts — all contributing to sluggish buyer demand. “Housing market headwinds continue to challenge […]
Home-price growth at decade low, Florida markets lead declines Read More »
Following last month’s release of the so-called “skinny budget” from the White House, the Office of Management and Budget (OMB) has released a 1,200-plus page appendix for the proposal. It includes projections related to the performance of the Home Equity Conversion Mortgage (HECM) portion of the Mutual Mortgage Insurance (MMI) Fund. According to the data
White House expects reverse mortgages to continue producing government receipts Read More »
Prudent AI — a California-based financial technology company — has released what it calls the first upfront automated underwriting system (AUS) designed specifically for non-qualified mortgages (non-QMs). Unlike traditional AUS tools — which assess loan eligibility later in the mortgage process — Prudent AI’s system reviews key borrower data such as income, credit and assets
Prudent AI debuts non-QM underwriting tool Read More »