Intercontinental Exchange (ICE) is targeting long-standing friction in mortgage servicing with new artificial intelligence-powered voice and chat agents designed to handle routine borrower inquiries instantly while reducing call-center strain, the company announced Tuesday. In a conversation with HousingWire at the ICE Experience (X26) conference in Las Vegas, Matt Dowd, the company’s vice president of product…
"March 2026" Archives
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Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported an average pretax net profit of $674 on each loan originated in the the fourth quarter of 2025 — a 44% decline compared to the $1,201 per-loan profit they posted in the third quarter. The data released Wednesday by the Mortgage Bankers Association (MBA)…
Fannie Mae and Freddie Mac on Wednesday announced updates to condominium project standards and property insurance requirements for one- to four-unit properties and project developments, with a stated goal of reducing costs for homeowners. “We are replacing a disruptive and expensive Biden insurance mandate with commonsense policies for today’s market,” Bill Pulte, director of the…
In a widely expected move, the Federal Reserve held its benchmark interest rate steady Wednesday at a target range of 3.5% to 3.75%, the same level it set in January. Since the central bank’s last meeting, political uncertainty and geopolitical tensions have increased. These include the U.S. military conflict with Iran, the U.S. Supreme Court…