At MBA Show, FHFA Chief Unveils Efforts to Increase the Low-Income Refi Pie October 19, 2021 Dennis Hollier Thompson also made it the FHFA will not be changing seller-servicer standards for nonbanks this year.Read More
MBA Expects At Least 3,200 at Annual Confab in San Diego. Masks? October 14, 2021 Monica Hogan Some lenders are sending big contingents to the trade show., while others are staying home...Read More
A Loss for the Public-Bound Better.com and a Warning on GOS October 5, 2021 Paul Muolo Founder and CEO Vishal Garg earned $25.3 million in 2020...Read More
GAO Deems FHA Catalyst Oversight Unreliable September 30, 2021 Monica Hogan The government watchdog said gaps exist in HUD’s established processes to oversee the IT initiative.Read More
Redwood Incorporating Blockchain in Its Non-Agency MBS September 15, 2021 Brandon Ivey While the use of blockchain in a prime non-agency MBS is a first, rating services were unmoved by the technology.Read More
Redwood Teams with Frontiers on Venture Capital Investing September 7, 2021 Brandon Ivey Prior to the partnership, Redwood's RWT Horizons made investments in eight early-stage companies.Read More
United Wholesale Planning to Accept Cryptocurrency for Mortgage Payments August 17, 2021 Brandon Ivey Some lenders have allowed borrowers to use cryptocurrency to make downpayments or as part of the calculation of a borrower’s assets, but none appear to allow monthly mortgage payments with bitcoin yet.Read More
Short Takes: Abandonment Rate Up on Forbearance Calls / CFPB is Watching / NYCB Invests in Figure / Sachem’s Income Increases August 17, 2021 Brandon Ivey The abandonment rate on calls to servicers jumped to 5.0% from 3.6% the week prior...Read More
NJ Nonbank Sets Merger With Fintech Shop Figure August 4, 2021 Brandon Ivey Homebridge ranks 35th among all home lenders, according to Inside Mortgage Finance...Read More
Blend’s IPO Could Raise Upwards of $414 Million July 6, 2021 Brandon Ivey The IPO values Blend at more than $4.0 billion.Read More
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