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Fannie Mae’s new AI-powered crime detection unit: The Pulte/Palantir project
Fannie Mae has launched an AI-powered Crime Detection Unit in partnership with Palantir Technologies to achieve what FHFA/Fannie/Freddie chief Bill Pulte has called “something big on mortgage fraud.” Fannie Mae we all know is the grande dame of American Housing.
FHFA Director Bill Pulte says arrested Freddie Mac would-be bomber still contacting him
FHFA Director Bill Pulte said a fired Freddie Mac employee who was arrested in March for threatening to blow up the Freddie Mac building has continued to contact him.
Moder CTO Joe Trapani: ‘The answer to everything is always data’
Moder CTO Joe Trapani talks about the shininess of gen AI and why it’s probably smart to always keep humans in the loop for some tasks.
More loan buybacks from Freddie Mac are raising eyebrows
Seller repurchases of Freddie Mac mortgages rose to $430 million in the second quarter of 2024, a 29.1% increase from the first quarter, according to an analysis of public filings by Inside Mortgage Finance.
What happens next for mortgage lenders after the Fed rate cut?
The Federal Reserve did something this week it hadn’t done in more than four years when it lowered the federal funds rate by half a percentage point. But for mortgage industry professionals hampered by fewer sales opportunities since the Fed’s streak of rate hikes began in March 2022, will this be the start of better days?
AOC pushes $30B social housing bill
The proposed bill would have numerous housing implications if passed, including the establishment of a new HUD division and a repeal of the Faircloth Amendment.
Low housing inventory a win for homebuilders
If national housing inventory were back to normal, we would have 2 to 2.5 million active listings of direct competition for homebuilders.
Existing home sales rise for the first time in a year
Existing home sales rose in February for the first time in a year, climbing 14.5% to a sales pace of 4.58 million, but existing home sales were still down 22.6% on a yearly basis.
Demand for home loans climbs despite surging mortgage rates
A surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in the mortgage application uptick last week.
