Browse articles from IMFnews related to Technology.

July 19, 2018 - IMFnews

Short Takes: Investors Unite is Not Happy / Are the GSEs ‘Zombie’ Like? / Non-QM Lender Verus Hikes Loan Cap to $5 Million / LoanSnap Raises More Capital / A New Hire for Servicing Advisor MorVest

Of course, there are some in the industry who will argue Fannie and Freddie are hardly zombie-like at all...

July 17, 2018 - IMFnews

Short Takes: The Slow Fade of Banks Continues / False Claims Act Relief on the Way? / A Bank Advertising Mortgages on National TV / The Next Move for Bob Ryan of the FHFA? / Fannie Elects a New Director with a Blockchain Background

Most of the ads we see tend to come from nonbanks such as Quicken, loanDepot and CashCall…

July 17, 2018 - IMFnews

Despite a Slim Profit Margin, Redfin Hopes to Raise $239 Million by Selling Equity and Debt

The company released an estimate of earnings for the second quarter of 2018, forecasting a profit of $2.6 million to $3.2 million on revenues of about $142.1 million.

July 11, 2018 - IMFnews

The Fed of New York Likes What it Sees on ‘Fintech’

The Fed report focused on the origination of FHA mortgages, which are generally more risky than loans eligible for sale to GSEs…

July 2, 2018 - IMFnews

I’ve Just Seen the Future of Mortgage Banking and its Name is Amazon

Two years ago, loanDepot scuttled a much talked about initial public offering of stock...

June 28, 2018 - IMFnews

Short Takes: Ralph Nader Has Some Unkind (And That’s Putting it Nicely) Words for CFPB’s Mulvaney / Mulvaney Viewed Favorably Elsewhere / Nader and the GSEs (Remember that One?) / More M&A for Union Home / A New Hire for Mello

A few years back, Nader went to bat for Fannie Mae/Freddie Mac shareholders suing the federal government over the GSE net worth profit sweep...

June 26, 2018 - IMFnews

Short Takes: Amazon Moves Ahead with Banking Plans / A Martini for Ditech / Cooperman and Ocwen / More Cost Cutting at Ocwen / Britti Gets a New Title / U.S. Bank Hires Wells Fargo Official

Leon Cooperman has been increasing his stake in Ocwen Financial and now owns about 11 percent of the firm…

June 26, 2018 - IMFnews

Movement Mortgage Opts for Crowdsourcing for LO App

Movement gave tech developers eight weeks to develop a prototype…

June 22, 2018 - IMFnews

What We’re Hearing: Mick Mulvaney, Conservative? / A GSE Starting Point? / Mortgage and Big Tech. Can it Work? / Amazon v. Quicken – is Dan Gilbert Ready? / Movement Mortgage? / LenderLive Hires an Advisor / New Hires for Ditech

One former loanDepot official had this to say about the rumor: “It makes sense. loanDepot has plenty of loan officers handling inbound leads. Amazon could create a ton more and compete with Quicken….”

June 21, 2018 - IMFnews

loanDepot Employees Discuss the Amazon Rumor. But is it True? CEO Calls it a ‘Good One’

If the deal comes off, loanDepot employees will receive free Amazon Prime accounts…


With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.
11% to 25%. It’s a challenging market.
25% to 40%. It’s going to be very ugly.
No opinion.

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