Mortgage delinquencies rose monthly and annually in May, but it’s not a cause for concern, according to a new industry report. Processing Content The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, Intercontinental Exchange’s latest first look report found. That marks a 4.5% month-over-month increase, which is […]
Delinquencies rose in May, but don’t panic, ICE says Read More »
With the rapid advancement of artificial intelligence, companies are constantly rolling our new products. This month, multiple companies in the mortgage industry leveraged AI to increase efficiency, integrated with other companies and consolidated processes to improve borrower experience. Pennymac partnered with Amazon Web Services on AI voice agents and Intercontinental Exchange is joining a high-profile
AI roundup: 16 mortgage tech updates lenders should know Read More »
Rhode Island has set new, formal rules for larger nonbank mortgage servicers that appear to align with those in more than one dozen other jurisdictions. Processing Content With the passage of the law Gov. Daniel McKee signed this week, nearly one-third or 16 out of 50 states now have standards for nonbank servicers’ liquidity, capital
Nonbank servicers face new compliance demands in Rhode Island Read More »