Mortgage & Economy

Mortgage servicers remain responsible for account decisions influenced by vendor AI under OCC model risk guidance, GSE requirements and Treasury AI controls. With Fannie LL-2026-04 effective Aug. 6, 2026, servicers need AI inventories, stronger vendor contract terms and borrower-specific adverse action explanations.

Prophetic CEO Oliver Alexander says AI-native land acquisition can cut site analysis from hours to minutes, enabling builders to evaluate 1,000-2,000 parcels per user each month. With only 1.5% to 2% of US parcels listed at a time, the approach targets off-market discovery and pipeline management.

Made Card co-founder Alex Song says lenders need post-close engagement as recapture rates stay around 20% to 30%. He cites early metrics including 73% of users linking a mortgage within two months and partner savings averaging 15% in 2026.

The lender’s growth strategy hinges on “growing the pie” by equipping traditional, forward-centric loan officers with the tools and education needed to seamlessly offer reverse mortgages to their clients.

Consulting firm Milliman has acquired Blue Water mortgage servicing rights (MSR) valuation and hedging services from Apex Analytics Corp., adding another platform less than a year after buying MorVest Capital to expand its capabilities in the space.

Spreads were 1.94%, keeping rates below 7%, while purchase apps were up 0.2% yearly and pending sales held near flat.

If you do not build it, they cannot come. If you cannot permit it, you cannot build it, and they cannot come. NVR Q2 2026 results offer a sharp counterpoint to the strategic shifts now underway across public homebuilding. Lennar has boldly reset its enterprise around a more asset-light on-demand land investment structure. D.R. Horton…

Berkshire closed its Taylor Morrison acquisition at $72.50 per share, valuing equity at $6.8B and EV at $8.5B.

A New York City attorney lays out red flags that real estate agents and title agents should remain on the lookout for.