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How the Fed Affects Mortgage Rates (Even Though It Doesn’t Set Them)
When it comes to the world of finance, the Federal Reserve is like the wizard behind the curtain. They don't directly control everything, but their actions and words have a huge impact on…
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Exciting Housing Predictions for 2024 – Get Ready for a Stellar Year!
As you know, understanding the future landscape of the housing market is key to success In Real Estate. In this spirit, I’ve taken a deep dive into data analysis, utilizing the cutting-edge capabilities…
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The Advantages of Working with an Independent Lender for Your Mortgage
Choosing the right mortgage lender can be a complex process, involving numerous factors and considerations. Traditionally, many borrowers have turned to large banks and financial institutions for their mortgage needs. However, increasingly, independent…
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AI Advancements and Public Perception: A Conversation in a Real Estate Office
This past Tuesday afternoon when I found myself in the lobby of a local real estate office, waiting for an appointment. To pass the time, I struck up a conversation with a friend…
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AI is Shaking Up the Mortgage and Appraisal World
Artificial intelligence (AI) has been making waves across various industries, and the mortgage and appraisal sectors are no exception. As we witness this technological transformation, it’s becoming increasingly evident that AI is not…
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AI: Realities and Limitations – Understanding the Potential of Artificial Intelligence
Debunking the myth of AI sentience! This article explores the key differences between AI and true intelligence, highlighting its limitations in areas like common sense, independent learning, and creativity. Discover the true potential…
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Transforming the Mortgage Sector with AI: Insights and Challenges
AI in Financial Technology: Strategic and Efficiency PerspectivesPete Woodhouse, CTO of fintech lender Prosper, outlines two primary applications of AI in financial technology: strategic and efficiency-focused. Strategic AI includes analyzing consumer behaviors for…
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EXCITING ANNOUNCEMENT: VetWiseAI is Live!!! We Are Amplifying The VA Knowledge Base with Expert AI Assistance
What is VetWiseAI? VetWiseAI is an advanced, AI-powered, custom GPT tool designed to provide expert assistance in understanding VA loans. Whether you’re a first-time homebuyer or looking to refinance your current home, VetWiseAI…
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Easing the Path: Fannie Mae Updates Self-Employment Documentation Requirements
In a stride towards accommodating the burgeoning class of self-employed individuals seeking homeownership, Fannie Mae has updated its underwriting guidelines. As per the recent Selling Guide Announcement (SEL-2023-09) released on October 4, 2023,…
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Fannie Mae is Shifting Its Position in a Major Way
In a groundbreaking move, Fannie Mae has unveiled a policy change effective post-November 18, 2023, that significantly reduces down payment requirements for owner-occupied 2-4 unit homes. Previously, buyers had to shell out a…
