AI Hallucinations: A Mortgage Lender's Bad Dream
Mortgage lenders face regulatory and compliance concerns daily as they navigate the mortgage loan process and balance decisions against ever-changing rules and regulations. When they operate in multiple jurisdictions, the requirement to constantly track rule updates and changes can be a nightmre.
Now that AI-driven technology platforms are entering the industry to make mortgage lending faster, more efficient, and less costly (so it is advertised), lenders need to fully understand the risks, rewards, limitations, and ROI from artificial intelligence and machine learning in their operations workflow.
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Mortgage rates fall for first time in weeks after US-Iran ceasefire
"While the 10-year Treasury yield began to ease following the announcement of a two-week ceasefire, any relief to mortgage rates may prove short-lived - a temporary pause rather than a true turning point," said Jiayi Xu, Realtor.com economist. "Until a more permanent resolution emerges, the fog of uncertainty is unlikely to fully lift from the housing market."
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Graceland Scam Spurs Tennessee Deed Crackdown
Tennessee lawmakers have signed off on a bill that tightens who can prepare property deeds and how county offices vet them, a fix officials say is aimed squarely at stopping title theft after last year's Graceland debacle exposed some uncomfortable gaps in the system. The measure cleared the legislature in early April and now heads to Gov. Bill Lee. The new rules would apply to conveyances recorded on or after July 1, 2026.
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First American sues Novad, seeks to freeze assets over $1.6M reverse mortgage dispute
First American filed suit in federal court in Maryland seeking a writ of attachment or injunction against Novad while arbitration proceeds. The complaint alleges unpaid reverse mortgage lien release services and seeks $1,628,573.38 including interest.
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