ICE Mortgage Technology will not be charging for access for software developer kit to Encompass after the Dec. 31 sunset date, providing some relief for those who have not made the switch, the company confirmed. Processing Content A copy of an email sent to clients who signed up for transitional access to Encompass SDK was […]
ICE Mortgage will not charge for transitional SDK access Read More »
Key takeaway: The personal consumption expenditure index, the Federal Reserve’s preferred measure of inflation, increased to 3.7% in July. Supporting data: Core PCE inflation, which excludes volatile food and energy prices, rose 3.3% from a year earlier. What’s at stake: Federal funds futures contracts tracked by CME Group showed Wednesday that just under 60% of
PCE inflation remains sticky as Fed weighs next move Read More »
Now that use of artificial intelligence is closer to critical mass, industry collaboration could help remove considerable costs related to moving data from physical collateral documents as mortgage assets trade, according to the Housing Policy Council. Processing Content HPC estimates that the lack of advanced technology for exchanging collateral data from documents costs the market
Standardized tech could reduce $200 million mortgage collateral costs Read More »