Latest news with #Almodovar
UPI
28-05-2025
- Business
- UPI
Fannie Mae joins Palantir to launch AI-run mortgage fraud unit
May 28 (UPI) -- Financial giant Fannie Mae said Wednesday it will launch its AI-powered unit to detect and prevent mortgage fraud in a partnership with AI software company Palantir. "By integrating this leading AI technology, we will look across millions of datasets to detect patterns that were previously undetectable," said Fannie Mae's president and chief executive officer Priscilla Almodovar. Fannie Mae, which holds more than $4 trillion in U.S. housing market assets, is the nation's single largest holder of outstanding residential mortgage debt. The launch of its new artificial intelligence-powered crime detection unit with Palantir seeks to expand Fannie's ability to sniff out fraud with "leading" scientific and investigative AI-enabled tech. The Washington-based Fannie Mae says its new capability will prevent and detect fraudulent activity with a "speed and precision" that, according to the company, has "never before" been seen designed to save millions of dollars in future financial losses to fraud in the U.S. housing market. "This new partnership will combat mortgage fraud, helping to safeguard the U.S. mortgage market for lenders, homebuyers and taxpayers," Fannie's Almodovar continued. Fannie Mae, which likewise owns or guarantees roughly one in four single-family mortgages and about 20% of America's multifamily mortgages, says Palantir's technology will provide "expansive" monitoring for anomalous transactions, activities and other digital behaviors. According to Fannie officials, it will not only detect suspicious activity but ultimately will "trigger investigative action." "No one is above the law," Fannie Mae Chairman William Pulte said in a statement. Palantir was one of eight major tech firms to sign on to then-President Joe Biden's voluntary commitment in 2023 aimed to ensure AI tech is utilized responsibly. On Wednesday, its top official said the Fannie Mae partnership will set off "a revolution in how we combat mortgage fraud" in the United States. "We are bringing the fight directly to anyone who attempts to defraud our mortgage system and exploit hardworking Americans," says Alex Karp, co-founder and CEO of Palantir Technologies.
Perth Now
29-04-2025
- Entertainment
- Perth Now
Pedro Almodovar launches scathing attack on 'catastrophe' Donald Trump
Pedro Almodovar has launched a blistering attack on Donald Trump. The Spanish film director was honoured with the Chaplin award in New York on Monday (28.04.25) but revealed that he was unsure whether to travel to the US for the event because of his disgust at the White House chief, whom he branded as a "catastrophe". Almodovar, 75, said: "I doubted if it was appropriate to come to a country ruled by a narcissistic authority, who doesn't respect human rights. "Trump and his friends, millionaires and oligarchs, cannot convince us that the reality we are seeing with our own eyes is the opposite of what we are living, however much he may twist the words, claiming that they mean the opposite of what they do. Immigrants are not criminals. It was Russia that invaded Ukraine." The filmmaker – whose movie credits include 'Pain and Glory' and 'The Room Next Door' – continued: "Mr. Trump, I'm talking to you, and I hope that you hear what I'm going to say to you. "You will go down in history as the greatest mistake of our time. Your naiveté is only comparable to your violence. You will go down in history as one of the greatest damages to humanity... You will go down in history as a catastrophe." Pop star Dua Lipa was among the presenters of the accolade – having forged a close friendship with the filmmaker in recent years – and praised Almodovar's inclusive storytelling. The 29-year-old singer said: "I love how you balance emotion and humour in your stories. "I especially love how you just completely normalised trans and gay roles or storylines, something that feels these days like quite a radical act, and yet there's a lightness and a heart to everything you do." Meanwhile, Karla Sofia Gascon – who became the first trans actor to be nominated for an Academy Award for her role in 'Emilia Perez' – recently revealed that she is hesitant about returning to the US because of the Trump administration's stance on trans rights. She told The Hollywood Reporter: "If they want to discriminate against me because of my sexuality, then it will be very difficult. "But I hope so. I'm looking forward to doing millions of things in the United States because I think it's a wonderful country full of something that we have all wished for in this world, which is freedom, and we are losing it. We are losing it."
Yahoo
29-03-2025
- Yahoo
Have you seen Robert Almodovar? Police are asking for help with the search
Hollywood police are asking for help finding a 33-year-old who's been missing for over a week and suffers from mental health issues. Robert Silverio Almodovar was last seen on March 18 in Hollywood Beach. Hollywood police released a missing person alert for Almodovar on Wednesday. Authorities said he may need medical services as he is diagnosed with schizophrenia, bipolar disorder, autism and Asperger's syndrome. Anyone with information about his whereabouts is asked to call the Hollywood Police Department at 954-764-4357.
Miami Herald
29-03-2025
- Miami Herald
Have you seen Robert Almodovar? Police are asking for help with the search
Hollywood police are asking for help finding a 33-year-old who's been missing for over a week and suffers from mental health issues. Robert Silverio Almodovar was last seen on March 18 in Hollywood Beach. Hollywood police released a missing person alert for Almodovar on Wednesday. Authorities said he may need medical services as he is diagnosed with schizophrenia, bipolar disorder, autism and Asperger's syndrome. Anyone with information about his whereabouts is asked to call the Hollywood Police Department at 954-764-4357.
USA Today
27-02-2025
- Business
- USA Today
Priscilla Almodovar chats Fannie Mae, housing affordability, Donald Trump
Priscilla Almodovar chats Fannie Mae, housing affordability, Donald Trump Show Caption Hide Caption Fannie Mae CEO offers advice for first-time borrowers President and CEO of Fannie Mae, Priscilla Almodovar, is one of USA TODAY's 2025 Women of the Year. Priscilla Almodovar is one of USA TODAY's Women of the Year, a recognition of women who have made a significant impact in their communities and across the country. Meet this year's honorees at A 4-year-old Priscilla Almodovar sat in the back of her mother's college classes. Watching. Waiting. Seeing how hard she worked. Now, as the CEO and president of Fannie Mae, every day Almodovar is surrounded by women also working hard. The now 57-year-old is one of USA TODAY's Women of the Year, a testament to her career in housing affordability, finance and the American dream. "When you invest in a woman, you're investing in her children, probably her parents," Almodovar tells USA TODAY from the Fannie Mae office in Washington, D.C., sunny and smiling, contrasting the bleak gray day. "Women just get involved and our wake is so much broader than just what we do day to day. And when you look at household formations, I mean, single women are driving household formation as well." 'Everyone wants a safe place to live' Fannie Mae provides mortgage financing across the U.S.; the financial entity purchases 1 in 4 U.S. mortgages. It creates liquidity, stability and affordability so that banks can make more mortgages. "We rely on the capital markets, and we bring the two together to make the housing system more fair, more safe, more sound because of what we do," she says. All that may read dry on paper. But a home is the most personal (and cost-prohibitive) purchase a person can make. Almodovar's mother and father came to New York from Puerto Rico. She remembers the fourth-floor walk-up they rented before saving to buy their first home in Sunset Park, Brooklyn. The purchase proved a big stretch for them; they had a renter on the second floor. But it also was that classic American dream story. "That home, when I look back, is what paid for me and my siblings to go to college," she says. At the time, it was a Latino community, and her parents bought about five blocks from where they rented. They lived there for many years before moving out to the suburbs of Long Island. Her upbringing has informed her outlook on housing: "I've learned that renter, homeowner doesn't matter. Everyone wants a safe place to live. They want community; they want a neighborhood; and they want the best for their family." Where you live – from what type of home to what neighborhood you grew up in – is foundational to life's outcomes, Almodovar adds. She has a bachelor's degree from Hofstra University and a law degree from Columbia University and carved out a career at the intersection of Main Street and Wall Street. "What I love about real estate, and how I first got into this business, is it's tangible," she says. "You're building a home for someone. You could actually see it and feel it and walk the neighborhoods and then people live in that home." In case you missed: The housing crisis threatens the American dream. What's next? Priscilla Almodovar, Fannie Mae CEO, weighs in on Donald Trump Almodovar, who has spent 30 years in the finance industry, knows we have a housing affordability crisis in this country. High mortgage rates, high home prices and a lack of supply. Nearly 70% of Americans were "very concerned" about housing costs, according to a recent Pew Research Center survey; it ticked up from 61% in April 2023. Not to mention that discrimination plays a role in people's ability to secure (or not secure) mortgages. But people are still in search of that taste of the American dream. "It's not the only way, but it's one of the ways we build generational wealth in this country," she says. "So it's becoming harder, but it's not impossible." The company, on a macro level, is trying to address homeownership obstacles by working with landlords to set aside units affordable to working families, in addition to making mortgage credit more accessible. But on the micro level, "when you're the president and CEO of a $4.3 trillion financial institution, the kinds of decisions that come across my desk are different every day." Questions never end: About cybersecurity, day-to-day operations, employee issues. External asks come from sellers, servicers, investors. She has a board to manage. But "every day is different. It's exciting. It makes coming to work that much more fun." Something to add to that list: A new presidential administration. "I'm in the housing party," Almodovar says. "We work with every administration. That's what we do. We're in these markets, good time, bad times. Every administration." That said, she knows President Donald Trump is a developer who knows housing. "We are ready to work with everyone who's committed to making housing more available for more Americans," she says. (Trump's new Housing and Urban Development secretary, Scott Turner, though, has faced scrutiny about just that.) More details: The US is short millions of housing units. Mass deportations could make it worse. 'That's pretty powerful' Almodovar's favorite room in her house is her study. Her books surround her – cookbooks, running books, finance books, aging books – and she can rest on her comfortable couch. Yes, Almodovar is a runner (she's run marathons!) and has an eclectic mix of artists on her playlist, from Queen to Alicia Keys to Marc Anthony. She feels most like herself when she's with her husband, Eric Dinallo. "He's my champion, big cheerleader, truth-teller," she says. And she'll snag any time her kids want to spend with her. She still remembers the first ribbon-cutting she went to for a home purchase. She had worked on the financing, a deal on paper. But "then someone actually had a home like, holy cow, that's pretty powerful." She adds: "It's just as complex as any other financial transaction, but ultimately I'm impacting a person and their home." That 4-year-old in the back of her mother's college classes is no longer watching and waiting. She's teaching the course.
