MBA’s Bob Broeksmit sees risks in merging Fannie and Freddie
Amid recent reporting that President Trump is weighing a $500 billion stock offering for Fannie Mae and Freddie Mac and that he might be considering a merger of the two mortgage giants, Mortgage Bankers Association‘s CEO and President Bob Broeksmit authored a blog post highlighting the benefits of h
Investor home purchases hit lowest second-quarter level since 2020
U.S. real estate investors bought about 52,000 homes in the second quarter, the lowest level for that period since 2020, according to a report from Redfin. Purchases were down 6% from a year earlier — the largest drop since late 2023. Redfin, which analyzed purchase records across 39 major metropoli
Non-QM lender Griffin Funding unveils AI-driven underwriting platform
Griffin Funding has launched an internal artificial intelligence-driven platform designed to help loan officers navigate the complex world of non-QM lending. The tool, known internally as “LIA,” pulls hundreds of pages of program guidelines into a single system and uses AI to deliver tailored answer
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