AI training for loan officers: Why AI proficiency is critical for helping borrowers

Mortgage lending has always been a high-trust profession. Borrowers don’t come to a loan officer looking for a generic answer. They come looking for clarity. What can I afford? What do I qualify for? What’s the smartest path given my income, credit, assets, and timeline?  That job has become harder over the past few years, […]

AI training for loan officers: Why AI proficiency is critical for helping borrowers Read More »

Developer Colony Ridge to pay $68M in DOJ, Texas settlement

Processing Content What’s at stake: Colony Ridge will pay $48 million to improve infrastructure at its developments near Houston particularly flood control measures. No money is earmarked for harmed borrowers, however, who have a high bar to get relief under a default avoidance plan. Key insight: In a surprise move, the DOJ is requiring that

Developer Colony Ridge to pay $68M in DOJ, Texas settlement Read More »

FHFA’s Pulte plans pricing changes for builders, lenders

Large construction companies and their lender partners could see imminent changes in Fannie Mae and Freddie Mac’s terms, according to Federal Housing Finance Agency Director Bill Pulte’s social media posts. Processing Content Pulte confirmed follow-through on plans to track the government-sponsored enterprises’ builder-related business in posts on X, noting that he has reviewed “pricing and terms,

FHFA’s Pulte plans pricing changes for builders, lenders Read More »