Fannie Mae’s retained portfolio inched down in May ending a long run of multiple months in which it steadily rose, according to its latest report. Processing Content Fannie’s total retained portfolio dropped from $174.84 billion in April to $172.18 billion. Freddie’s fell from $141.81 to $132.22 billion. Both reprised an ongoing trend of elevation compared […]
Fannie’s portfolio dips, but duration gap widens Read More »
Following the disclosure of a mid-June data breach, Optimum First Mortgage now faces a proposed consumer class action lawsuit. Processing Content In documents filed this week, Optimum First customer Diane Adams said she seeks to represent a class of consumers who suffered harm from alleged negligence and unjust enrichment on the part of the Southern
Optimum First hit with class action after recent data breach Read More »
The recent AI spending and investing boom has helped prop up the global economy amid the strains caused by high interest rates, the Iran war and tariffs, the Bank of International Settlements said in a report published Sunday. But if left unchecked, the increasing deployment of AI could also cause the next major economic collapse,
AI boom could cause the next economic crash, BIS warns Read More »