The expansion of housing-related tax programs could be in peril because of the upheaval. https://www.nationalmortgagenews.com/articles/not-having-a-house-speaker-is-threatening-these-areas
NextGenMortgage
LoanDepot sues Movement Mortgage, insurers exit California, Facebook marketing discrimination suit and other stories you might have missed
Also, Fannie Mae on climate risk and a non-QM product lenders are loving right now. https://www.nationalmortgagenews.com/list/loandepot-sues-movement-mortgage-insurers-exit-california-facebook-marketing-discrimination-suit-and-other-stories-you-might-have-missed
Home buying affordability lowest since 1984, Black Knight says
The long climb in mortgage rates has also kept an additional $200 billion in equity out of the hands of borrowers, and the economy at-large, the firm said. https://www.nationalmortgagenews.com/news/home-buying-affordability-lowest-since-1984-black-knight-says
Mortgage lenders take one step forward, two back in AI use
The share of companies experimenting with artificial intelligence has increased, but full deployment is another matter, a Fannie Mae survey found. https://www.nationalmortgagenews.com/news/mortgage-lenders-take-one-step-forward-two-back-in-ai-use
Bill Dallas on who’s winning and losing in mortgage today
The industry veteran, who most recently ran Finance of America, is advising mortgage shops on how to survive a mortgage contraction. https://www.nationalmortgagenews.com/list/bill-dallas-on-whos-winning-and-losing-in-mortgage-today