Fannie Mae and Freddie Mac have announced changes to their Single-Family Social Index, established in 2022 as “a creative disclosure solution that provides insights into the mission-oriented lending activities underlying [their] mortgage-backed securities (MBS).” The updated Mission Index contains ten criteria, focusing on income, borrower, and property attributes, that will allow investors to identify MBS with high concentrations of loans that align with the Enterprises’ mission objectives.
BlackFin has announced the launch of MAX, a new business intelligence software solution for the lending industry. According to the company specialized proprietary lending artificial intelligence (AI) and machine learning algorithms in the software “will now, instantly, provide the executive leadership at lenders with precise business decision recommendations so they can immediately start to maximize revenue, productivity, and efficiency.”
A&D Mortgage has announced that it has obtained licenses to originate loans in Arkansas and Mississippi.
