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8.24.26 DC Movers and Shakers; Tidalwave's Chris McLendon on Agentics; Treasury Intervention
Mortgage servicing can create significant wealth, so concentration risk matters, especially as sharp declines in Fannie Mae and Freddie Mac shares and leadership departures at Fannie raise concerns that political and organizational uncertainty could undermine the stability of the housing finance system. Robbie interviews Tidalwave’s Chris McLendon on why the question lenders should ask isn't "Does it use AI?" It's "Can you prove the answers are right?" And we close with a quick primer on why the government doesn't set mortgage rates.From lenders and landlords to employers and consumers…
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