Fannie Mae released new guidelines surrounding the use of artificial intelligence and machine learning, joining its fellow government-sponsored enterprise in mandating new AI policy. Processing Content Introduced last week, Fannie Mae’s rules officially take effect on Aug. 6 for sellers and servicers of loans it guarantees. Similar to updates already in place at Freddie Mac […]
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Rising mortgage rates are rattling homebuyers and cooling existing home sales, but remodelers are largely shrugging it off and in some ways, welcoming it. Processing Content “Ongoing positive remodeler sentiment is consistent with the NAHB outlook, given an aging housing stock and the lock-in effect of elevated mortgage rates keeping owners in their homes,” its
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Federal Housing Administration Commissioner Frank Cassidy, who also serves as the FHA’s deputy assistant secretary for single family mortgages, has gone on leave. Processing Content Cassidy’s leave, which is related to “family matters,” began earlier this month and will extend to at least the end of April, according to a Politico Pro report. Ginnie Mae
FHA’s Cassidy on leave, Ginnie Mae’s Gormley filling in Read More »