Ongoing challenges from limited inventory levels and elevated prices likely spells little lending momentum this summer, Mortgage Capital Trading said in its latest report. https://www.nationalmortgagenews.com/news/mortgage-lock-activity-cools-after-late-spring-upturn
NextGenMortgage
AI deepfakes and mortgages: how big is the risk?
The ease of producing a fake video means financial businesses and their clients stand at risk of being targeted by fraudsters. https://www.nationalmortgagenews.com/news/ai-deepfakes-and-mortgages-how-big-is-the-risk
Voxtur fends off dissident shareholder challenge to board
Investors laying claim to 19.3% of Voxtur Analytics common stock had attempted to add new nominees, but instead the company affirmed a downsized board. https://www.nationalmortgagenews.com/news/voxtur-fends-off-dissident-shareholder-challenge-to-board
Fannie Mae issues formal request for title-pilot suppliers
Interested participants will have until July 26 to submit responses through the enterprise's contractor platform. https://www.nationalmortgagenews.com/news/fannie-mae-issues-formal-request-for-suppliers-in-title-waiver-pilot
Most borrowers do not shop around for mortgage offers, survey finds
Over 54% of borrowers with a mortgage say they only got one mortgage offer, a LendingTree survey said. https://www.nationalmortgagenews.com/news/most-borrowers-do-not-shop-around-for-mortgage-offers-survey-finds