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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

The Urban Institute report, published in November 2023, shows that the average number of months from origination to repurchase between 2005 to 2008 (prior to and during the early stages of the global financial crisis ) was 46 months for Freddie Mac and 52 months for Fannie Mae. That’s a much better outcome and solution for the industry.”

Loans 353
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The Mortgage Collaborative launches emerging technology fund

Housing Wire

The Mortgage Collaborative, an independent cooperative network in the mortgage industry, today announced the launch of TMC Emerging Technology Fund LP, a venture capital program funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector.

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Regulation hasn’t caught up to generative AI

Housing Wire

If you are using it in marketing, we need to make sure it does not infringe intellectual property,” Stucky said at an AI session at the 2023 Mortgage Bankers Association Annual Convention & Expo in Philadelphia on Monday. “With this rapidly evolving technology, there are a lot of risks.

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Underwriter shortage slowing the pace of private-label deals

Housing Wire

They are in high demand for each stage of the mortgage process, yet they are in seriously short supply in a still-booming mortgage market. There’s absolutely been cases where you’re hoping to close by a certain date, and it gets pushed out 30 days because of due diligence [needs]. …It

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Taking the pulse on eNotes

Housing Wire

HousingWire recently spoke to Kevin Wilzbach, director, product management at Wolters Kluwer, about the adoption of digital technology and the future of eNotes. HousingWire: What kind of impact has the overall deceleration of the mortgage market had on the adoption of digital technology over the past few quarters?

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Three steps lenders should take when selecting an eVault provider

Housing Wire

What steps should a lender take before investing in eVault technology? Private-label RMBS securitization of eNotes is still in the early stages. Conduct due diligence on the experience and connectivity of potential eVault partners. Deciding on an eVault provider. Start with a few basic questions.

Lending 284
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Cecilian Partners Successfully Raises $11 Million in Series A Funding Round

Realty Biz

Despite a recent decline in early-stage funding, Resolve selected Cecilian Partners after conducting extensive due diligence and evaluating numerous SaaS companies. This market has traditionally been underserved by technology. Additionally, their client base expanded by 65%.