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Stock impact report

Intercontinental (ICE), Freddie Mac Join to Enhance Loan Quality [Yahoo! Finance]

CNO Financial Group, Inc. (CNO) 
Last cno financial group, inc. earnings: 2/11 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
This partnership will aid lenders to serve more borrowers along with lowering risk. This move bodes well for Intercontinental, which aims to strengthen its Mortgage Technology segment. This segment's revenues accounted for 19% of ICE's consolidated revenues in 2023. This partnership should benefit from the solutions and automation technologies of both companies' aiding lenders to underwrite mortgage loans in an effective way. ICE aims to improve loan quality from origination to delivery in a bid to reduce defects and reduce costs in the mortgage origination process. Moves like this should aid ICE in achieving its 2024 revenue growth target of low to mid-single digits in its Mortgage Technology segment. ICE aims to streamline the housing finance industry and aid in reducing related repurchases by providing a transparent, accessible and simple path for home ownership. Freddie Mac's expertise in automation, allowing lenders to use employment and asset data to verify the income, emp Show less Read more
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