While many working in home lending are looking to artificial intelligence for future efficiency and automation, job loss is also a concern among a majority of respondents in a new Arizent survey. https://www.nationalmortgagenews.com/list/mortgage-industry-expresses-concerns-and-hopes-over-ai-use
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New Ginnie Mae MSR-related note transactions emerging
KBRA recently assigned low-end investment grade designations to Freedom Mortgage and Pennymac transactions that involve interests in Ginnie Mae mortgage servicing rights. https://www.nationalmortgagenews.com/news/new-ginnie-mae-msr-related-note-transactions-emerging
Home-price growth accelerates as buyer demand picks up
Prices nationally rose 5.5% from a year earlier, according to data from S&P CoreLogic Case-Shiller. https://www.nationalmortgagenews.com/articles/home-price-growth-accelerates-as-buyer-demand-picks-up
What mortgage borrowers complained about most last year
The Consumer Financial Protection Bureau received nearly 28,000 mortgage-related consumer grievances in 2023, the regulator said. https://www.nationalmortgagenews.com/news/what-mortgage-borrowers-complained-to-cfpb-about-last-year
Mortgage application volumes increase for second straight week
A greater number of refinances, particularly in the government market, led overall volumes higher, the Mortgage Bankers Association said. https://www.nationalmortgagenews.com/news/mortgage-application-volumes-increase-for-second-straight-week