Tech Pulse: UWM challenges industry AI fear; Optimal Blue automates refi opportunities
Welcome back to Tech Pulse — a new weekly series rounding up the latest in technology, including tools, integrations and trends impacting mortgage and real estate.Here’s what happened this week:UWM’s Jason Bressler challenges the fear-driven narrative around AI in mortgage lendingAt HousingWire’s Th
First American: Rising costs squeeze homeownership for millions
The cost of owning a home in the U.S. has jumped sharply in recent years, reaching an average of more than $1,700 per month in 2023 — a 17% increase since 2020 — according to an analysis by First American senior economist Sam Williamson.Using the most recent U.S. Census Bureau data, Williamson found
MBA, FHFA explore single credit report for mortgages
While the Federal Housing Finance Agency (FHFA) under President Joe Biden proposed a transition from a tri-merge to a bi-merge credit report system, the Mortgage Bankers Association (MBA) is now assessing the feasibility of moving to a single credit report for mortgage underwriting.Bob Broeksmit, pr
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