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January 21, 2022

Fannie Mae Appraises The Appraisal

National Mortgage Professional - David Krechevsky

A new report from Fannie Mae indicates that Black borrowers refinancing their homes received slightly lower appraisal values relative to automated valuation models while white borrowers received slightly higher values, on average.

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January 20, 2022

Freddie Mac Single-Family – AIMing to automate borrower capacity assessment

Mortgage Professional America--Richard Torne

Freddie Mac is continuing to transform the mortgage process with Loan Product Advisor® (LPASM) asset and income modeler (AIM), which automates borrower capacity and reduces risk while simplifying processes.

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January 20, 2022

Desktop Appraisal Option to Start in March

Housingwire--Georgia Kromrei

Desktop appraisals will be an option in loans submitted after March 19th for certain transactions, purchases secured by a 1 unit primary residence with an LTV of 90% or less and the GSE's have updated their AUS systems to support the use of desktop appraisals.

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January 18, 2022

Redfin: 3 In 5 Homes Faced Bidding Wars In December 2021

National Mortgage Professional - Navi Persaud

Despite being the lowest percentage in 12 months, bidding wars remained present in 59.6% of the home offers written by Redfin agents in December 2021.

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January 18, 2022

Dirty data is not an AI-for-AML dealbreaker

BAI--Idan Keret

Many older anti money-laundering systems are not coping well with the rise in financial crime since the COVID-19 pandemic and artificial intelligence is emerging as a potential game-changer with potential benefits regardless of data quality.

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January 18, 2022

MBA Advocacy Update: Jan. 18, 2022

Last week's advocacy efforts include nomination hearings, OSHA updates, MBA opposed bill increasing VA funding fees, flood insurance program updates and more.

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"ACES allowed us to increase loan reviews by 50%"

"ACES allowed us to increase loan reviews by 50%"

-Mountain America Credit Union

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January 18, 2022

Rising Rates Push Refi Candidates Down to 7.1M

Mortgage Bankers Association

Black Knight reported rising mortgage interest rates have decreased the number of “high-quality” refinance candidate households to just 7.1 million, the lowest total since November 2019.

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January 17, 2022

Pandemic Foreclosure Tsunami Not on the Horizon

Mortgage News Daily – Jann Swanson

ATTOm reported that foreclosure activity in 2021 was at the lowest level since it began tracking it in 2005.

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January 14, 2022

US home sale price surges to new high – Redfin

Mortgage Professional America -- Duffie Osental

According to Redfin, the median US home sale price surged to an all-time high during the week ending January 9, 2022.

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January 14, 2022

Generation Gaps: How Housing Priorities Vary Among Cohorts

DSNews - Demetria Lester

About 40% of Americans are considering a move in 2022, but the "must haves" vary among the different generations based on a recent LendingTree survey.

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January 12, 2022

FHA taking state AG concerns about servicers ‘very seriously’

National Mortgage News - Bonnie Sinnock

"Very seriously" is the term used in a statement released by the Department of Housing Urban Development indicating it’s view on allegations by 20 state attorneys general that some mortgage companies failed to offer a recently added FHA modification option as required.

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January 11, 2022

CMBS Delinquency, Special Servicing Rates Dip in December

Mortgage Bankers Association – Michael Tucker

According to Fitch Rating, New York, the commercial mortgage-backed securities delinquency rate dipped nine basis points in December to 2.67 percent.

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January 11, 2022

January Active Forbearance Numbers Fall Yet Again

DS News -- Kyle G. Horst

According to Black Knight’s McDash Flash daily mortgage performance dataset, the number of mortgages in active forbearance plans continued to decrease in January.

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January 11, 2022

January Active Forbearance Numbers Fall Yet Again

DS News--Kyle G. Horst

M plans.

According to Black Knight, mortgages that are in active forbearance plans continue to fall in January by 73,000 or 8%, led by FHA/VA loans.

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