Tag Archives: rate

Figure now using OpenAI’s GPT to speed HELOC doc review process

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When combined with a newly launched chatbot powered by Google Gemini, Figure says AI-powered doc review will save $8 million while raising customer satisfaction scores. Continue reading →

Homebuyers get a break as big lenders redefine ‘jumbo mortgage’

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CrossCountry Mortgage joins Rocket, Pennymac, UWM and Rate in raising conforming loan limit above current $766,550 cap for Fannie Mae and Freddie Mac ahead of an official announcement. Continue reading →

UWM and Rate join the $802K conforming loan limit party

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With prices rising, it’s becoming standard operating procedure for big lenders like Rocket to help homebuyers avoid jumbo loan pricing by getting a jump on FHFA’s official announcement. Continue reading →

Yield curve inversion fears are overblown

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Yield curves predicting recessions did so historically and will again at the end of Fed overshoots. The Fed has done no such thing this time. Continue reading →