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Liquid Mortgage Gets Patent For Blockchain Platform

August 6, 2021
Brandon Ivey
The patent awarded to Liquid Mortgage covers a significant portion of the tech startup’s business model. LM is looking to apply blockchain to the mortgage securitization process.
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Biden EO Casts Doubt on Finserv M&A? Maybe, Maybe Not

July 23, 2021
Paul Muolo
Are mortgage banking firms monopolistic and should they fear the new Biden executive order? Not really. Still...
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Streamlining Business Processes Remains Top Priority for Lenders

July 23, 2021
Brandon Ivey
With refi lending expected to wane, lenders are planning to create a faster, more efficient experience for borrowers, according to a new study from Fannie Mae.
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Cloudstar’s Systems Down After Ransomware Attack

July 23, 2021
Maria Volkova
The technology company, which is the key service provider for the title insurance industry, is still in negotiations with the perpetrator.
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Democrats Introduce Housing Package with $100B for DPA

July 23, 2021
Maria Volkova
But does the bill have the numbers to pass the Senate? Investment banking firm Cowen and Company believes moderate Democratic lawmakers would present an obstacle.
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MBA Warns About COVID Lawsuits Against Employers

July 23, 2021
Lisa Burden
Although guidance for employers on COVID-related legal liability is still evolving, an attorney is providing a lay of the land.
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Loan Denial Rates Elevated for Minorities

July 23, 2021
Maria Volkova
HMDA data show that minorities face notably higher denial rates than white borrowers, and more so if the mortgage is underwritten manually. (Includes data chart.)
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California Bears Much of the Blame for 2Q Agency Slump

July 9, 2021
John Bancroft
California accounted for most of the overall market decline in agency business during the second quarter, although FHA lending was up in the state. (Includes data chart.)
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A New Purchase-Mortgage-Only Lender in the Market

July 9, 2021
Brandon Ivey
Tomo was founded by two former Zillow executives with a sole focus on purchase mortgages. Meanwhile, three-year-old Lower recently completed a $100 million Series A funding round.
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FHFA Expands Disclosures from National Mortgage Database

July 9, 2021
Brandon Ivey
The regulator released additional data collected from the survey of 5% of new mortgage borrowers each quarter. The data covers originations through the third quarter of 2020.
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