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As banks rack up record levels of deposits, the Federal Home Loan banks' core business of providing liquidity to member institutions is drying up, leading some critics to question the institutions' long-term viability. The lifeblood of the…
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Endorsements of Home Equity Conversion Mortgages in March jumped to their highest level since March 2011, as seniors took advantage of increasing equity. Endorsement volume jumped 26.3% month over month to 6,510 endorsements from 5,153 in…
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When regulators recently accused AI-based lending software companies of creating “black boxes,” the fintechs pushed back. Fintechs and consumer advocates say the classic FICO credit score and banks’ traditional loan underwriting programs…
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