Mortgage
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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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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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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…
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The Great MBS Conundrum: A Market in Flux
The capital markets are currently navigating a significant challenge: a substantial shortage of Mortgage-Backed Securities (MBS) buyers, resulting in a daily deficit of about $2 billion in demand. Historically, Fannie Mae and Freddie…
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The Refinance Wave: What Homeowners Need to Know
There’s been quite a buzz in the financial sector recently: a potential refinance boom. But let’s dive into the specifics of what this means for homeowners like you. The Prediction GameGoldman Sachs has…
