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FundingShield’s Ike Suri on the limits of AI in fighting fraud

Housing Wire

Editor in Chief Sarah Wheeler sat down with Ike Suri, chairman and CEO of FundingShield, to talk about rising fraud risks, what keeps him up at night, and why AI is still far from helpful in his business of protecting clients. These were not just mortgage loans, but were you surprised at how high the numbers were? of the loans.

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Buydowns become key for buyers to beat the market

Housing Wire

The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. It’s a terrible time for homebuyers. in the second year. in the second year.

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Reverse purchase financing: The financing option no one is talking about

Housing Wire

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased!

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How “generation rent” is approaching home buying in 2022

Housing Wire

Despite concerns that their down payment savings may not be up to traditional standards, millennial and Gen Z borrowers are poised for homeownership. While traditionally borrowers tend to wait until they have a 20% down payment, this generation thinks differently. Barriers to Home Buying.

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Fannie Mae’s chief economist on housing market outlook

Housing Wire

With the majority of Fed officials expecting another rate hike by year-end, Duncan predicts a 50/50 chance of that happening, depending on how resilient the economy is against the Fed’s monetary policy. Builders are providing rate buy-downs for first-time homebuyers, which aligns with their interests, Duncan explained.

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[PULSE] Black lives, Black families and Black homeownership matter

Housing Wire

This makes it more important than ever to consider how the U.S. This makes it more important than ever to consider how the U.S. Requiring a down payment up-front from homebuyers has long been considered a cornerstone of risk mitigation for lenders. For a hard-working family, it can take years to save for a down payment.

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What financial institutions can learn from neobanks

Housing Wire

You’re certainly familiar with traditional banking institutions in the mortgage industry, but how familiar are you with neobanks? But what is the relationship between neobanks and traditional banks, and what can financial institutions learn from neobanks? This creates an asymmetrical relationship between neobanks and traditional banks.

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