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Tepid spring selling, strong headwinds buffet builder confidence

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index released on Monday found that homebuilder confidence remained low, falling two points to 35 in June. This marked the 14th straight month that confidence was below 40, the longest streak NAHB has recorded since 2011 to 2012, in the wake of the Great Financial […]

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Copperlane targets mortgage inefficiencies with AI loan officer

As lenders weigh how to adopt artificial intelligence under evolving fair lending and compliance expectations, Copperlane is pitching a full-fledged AI “employee” rather than another point solution. The startup, founded by 21-year-olds Athan Zhang and Brianna Lin, recently raised a $4.1 million seed round to build Penny, which the company describes as an autonomous AI

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Ascent Developer Solutions adds Boston-area office

Los Angeles-based Ascent Developer Solutions, a lender that provides financing solutions to single-family and multifamily developers and investors, announced on Monday that it will expand into New England.  According to the announcement, the company opened a Boston-area office and hired senior executives to lead its expansion across New England, a move the company says advances

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