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Ralo, which claims to be the first artificial intelligence mortgage broker, has started business, having completed a $2.9 million seed round. Processing Content Its investors include Y Combinator, Manresa Ventures and Pack Ventures, along with angels such as Charles Ferguson (director of Inside Job, a documentary about the Great Financial Crisis) and Ryan Frazier (co-founder […]

The mortgage and housing industry’s wish list for revisions to the latest Basel proposal includes requests for change to the rule set’s loan-to-value ratio and rental-property distinctions. Processing Content Part of the proposal calls for risk weights to “rise as high as 110% for loans with LTVs above 100%”  when “repayment depends on rental income,”