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Venture Capital Still Bullish on Mortgage Tech Vendors

February 7, 2022
Sam Manas
Vesta was established in the context of two big trends: Lenders increasingly are seeing technology as a differentiator, and automation...
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Better.com Chief Garg Ready to Return

January 19, 2022
Paul Muolo
Better.com hired a former federal prosecutor from the Southern District of New York to conduct the "culture" review...
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It's Official: CoreLogic’s Martell Departs as President and CEO

January 12, 2022
Paul Muolo
A few months back, CoreLogic was sold to Stone Point Capital and Insight Partners for roughly $6 billion.
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CFPB’s Chopra Stresses the Battle Against AI and Lending Discrimination

January 5, 2022
Sam Manas
The CFPB believes technology, to some degree, can help remove bias, but black box underwriting algorithms are not necessarily creating a more level playing field...
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Caution is the Watch Word for Regulatory Risk. A Cut in FHA Premiums?

January 3, 2022
Presently there are two mortgage-related SPACs that are in progress: Better.com (a lender) and Southport Acquisition Corp., the latter of which is looking for plays in the software arena.
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FTC Orders Mortgage Analytics Firm to Improve Data Security

December 23, 2021
Brandon Ivey
Ascension Data & Analytics neither admitted to nor denied the allegations, which were first detailed by the FTC a year ago.
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Rocket Set to Spend $1B-Plus for App Acquisition, Stock Suffers

December 20, 2021
Paul Muolo
Truebill also renegotiates bills on its clients’ behalf, saving them as much as 20% on services...
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Up in the Amazon Cloud: Fannie Mae

December 13, 2021
Dennis Hollier
For several years now, the GSE has been migrating its data storage and analysis functions to Amazon’s cloud, but the full extent of that relationship is not really known...
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Resignations at Better.com as Founder Tries to Smooth Things Over

December 8, 2021
Paul Muolo
Regarding the apology, one human resources executive said Garg’s new email is “too little, too late. I think Garg now realizes he made a tragic mistake.”
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More Trouble for Public-Bound Better.com: A Large Layoff

December 2, 2021
Paul Muolo
Better has an “implied equity value” of $6.9 billion. By comparison, PennyMac, the nation’s second largest originator, has a market capitalization rate of $4.01 billion.
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