President Trump has nominated Travis Hill to serve as chairman of the Federal Deposit Insurance Corp. Hill has been serving as acting chairman since Jan. 20. He briefly served as vice chairman from Jan. 5 to Jan. 20. From 2018 to 2022, he was a senior advisor to the...
The US Supreme Court ruled that Federal Reserve Gov. Lisa Cook can remain in her position until it reviews the case over whether President Trump has the authority to remove her based on accusations of mortgage fraud. The court will hear the arguments in this case in...
Mortgage application activity slowed dramatically during the week ending Sept. 26, according to data from the Mortgage Bankers Association. The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 12.7% on a seasonally adjusted...
The National Association of Realtors (NAR) has warned that a prolonged shutdown of the federal government will imperil the National Flood Insurance Program (NFIP). NAR noted that the shutdown has resulted in the halting of NFIP’s authority to issue new policies, which...
ATTOM has rolled out Transparent Owner, a new data product designed to identify the true owners behind residential property. According to the company, Transparent Owner uses proprietary identity resolution techniques that combine public record data, machine learning,...
MISMO, the real estate finance industry’s standards organization, has published the Artificial Intelligence (AI) Glossary, a resource designed to establish a shared vocabulary for AI across mortgage finance. According to the organization, the new resource brings...
