Housing Wire

DECEMBER 5, 2023

When individual mortgages are originated by lenders like banks or credit unions , they may bundle groups of these mortgages together into financial vehicles called mortgage-backed securities (MBS) that are then sold to investors on a secondary market. This helps attract ongoing investment capital into the housing sector.

Technology 459

Technology Mortgages Loans Investor 459

Housing Wire

FEBRUARY 8, 2024

The company is aiming to bring more reverse mortgage technology solutions to potential partners already in the industry and those that have yet to enter it. And so for me, I feel like it’s an opportunity to kind of open the door via technology, to how and what is happening in the reverse space. Morales: No.

Banks 435

Banks Mortgages Technology Branding 435

Housing Wire

MARCH 13, 2023

The Federal Deposit Insurance Corporation (FDIC) has named former Fannie Mae CEO and Blend president Tim Mayopoulos as CEO of Silicon Valley Bank N.A. , an FDIC-operated “bridge bank” meant to protect all depositors of the now shut-down Silicon Valley Bank (SVB). The bank failed to raise capital to plug a $1.8

Banks 397

Banks Finance Commercial Technology 397

Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. The upfront lump sum can be applied toward a down payment, closing costs or other expenses related to the homebuying process.

Banks 459

Banks Closing costs Lending Equity 459

Housing Wire

OCTOBER 25, 2024

FormFree , a mortgage fintech founded in the midst of the Global Financial Crisis by Brent Chandler, is putting the customer in control of their own data, a practice known as “open banking” that could transform lending. Lapin said FormFree operates within an open banking framework, a relative rarity in the mortgage industry.

Banks 459

Banks Mortgages Lending Industrial 459

Housing Wire

APRIL 1, 2024

Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And

Equity 468

Equity Finance Purchase and sale agreement Investor 468

Housing Wire

SEPTEMBER 28, 2022

On Tuesday, the fintech and PNC Bank announced a partnership that allows customers to digitally apply for a mortgage and import bank/payroll information directly into their application. PNC mortgage loan officers can also collaborate real-time with customers through their online portal, the bank said. PNC Mortgage originated $9.88

Banks 369

Banks Loan Officer Technology Title 369

Housing Wire

FEBRUARY 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported operating income of $57 million in 2022, down from last year’s $397 million — a reflection of the headwinds the mortgage industry is facing. The mortgage technology division at ICE posted $249 million in total revenue in the fourth quarter, down 9.8%

Technology 397

Technology Sales Mortgages Lending 397

Housing Wire

APRIL 26, 2021

New York Community Bank , one of New York City’s largest multifamily lenders, is set to diversify its business strategy with the acquisition of Michigan-based retail bank Flagstar Bancorp. The bank’s stock price was trading at a 26% discount to book value in late January. according to Inside Mortgage Finance.

Banks 397

Banks Branding Commercial Loans 397

Housing Wire

OCTOBER 5, 2023

AI and data-led fintech company Pagaya Technologies named Sanjiv Das as president. He has also held senior roles at Morgan Stanley , American Express and Bank of America. Pagaya also offers personal loans, auto loans, credit cards and point-of-sale (POS) financing. The firm has been in the real estate business since 2020.

Technology 435

Technology Loans Lending Residential 435

Housing Wire

OCTOBER 26, 2020

Technology plays a crucial role in servicers’ ability of servicers to support their borrowers in this challenging time. Sagent technology puts servicers in the driver’s seat, helping them engage with and retain their customers whether they’re looking to refinance, add a new loan, or sell their existing home to finance a new one.

Technology 422

Technology Loans Investor Branding 422

Housing Wire

APRIL 20, 2021

The public response to the recent Federal Housing Finance Agency (FHFA) Request for Information on appraisal-related issues was significant, with 164 unique written comments. These entities make many other comments about technology, workforce options, modernization and the need for change. ” The Value of the Human Appraiser.

Technology 418

Technology Due diligence Lending Industrial 418

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. venture-backed technology and healthcare companies.

Banks 370

Banks Mortgages Loans Loan Officer 370

Housing Wire

JULY 18, 2024

” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. bank account is also created to help the investor manage the property remotely, including through fast currency exchange capabilities.

Finance 446

Finance Investor Banks Residential 446

Housing Wire

SEPTEMBER 26, 2023

Blend Builder – an initiative that started about four years ago and launched in March 2023 – is a cloud banking platform designed to help businesses in the financial services industry streamline processes for mortgages, loans, deposits and accounts. “We It’s the first time that we’re now sharing free cash flow targets.

Banks 448

Banks Mortgages Loans Investor 448

Housing Wire

APRIL 10, 2024

The FDIC supervises approximately 3,000 state-chartered banks and thrifts not members of the Federal Reserve System. The FDIC recognizes that technology now has a role in the brokerage firm services provided and can impact its value.

Banks 448

Banks Brokerage Mortgages Loans 448

Housing Wire

JULY 31, 2023

Flagstar Bank , a top-25 U.S. Flagstar made news in recent months, expanding its footprint and further diversifying its business model with the completion of the merger with New York Community Bancorp (NYCB) and the acquisition of certain financially and strategically complementary parts of Signature Bank.

Banks 370

Banks Mortgages Commercial Lending 370

Housing Wire

SEPTEMBER 5, 2023

I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. SW: ICE Mortgage Technology is known for its focus on automation. Sarah Wheeler: ICE’s acquisition of Black Knight just closed today.

Technology 418

Technology Mortgages Loans Industrial 418

Housing Wire

FEBRUARY 16, 2021

As demonstrated in the brilliant UWM Superbowl ad , Millennial homebuyers are looking to technology to match them with the right partners in life, including their mortgage. From a consumer’s perspective, the idea that we wouldn’t be able to connect our bank accounts and financial records in an app is already perceived as archaic. #3

Mortgages 534

Mortgages Banks Loan Officer Technology 534

Housing Wire

JULY 25, 2023

F2 Finance wants to scoop up a share of a “fragmented” fix-and-flip market as a lack of housing inventory sharply limits transactions. just to give an idea of how fragmented it is in terms of the lender,” Christian Faes, founder of F2 Finance, said in an interview with HousingWire. LendInvest has more than $4.7 billion (£3.7

Finance 370

Finance Marketing Lending Loans 370

Housing Wire

MAY 16, 2024

Digital closing provider Snapdocs is partnering with real estate technology provider SitusAMC to integrate the Snapdocs eVault to SitusAMC’s ProMerit platform, a warehouse lending technology tool, the companies announced on Thursday. Flagstar Bank recently announced its exit from the warehouse lending space.

Lending 457

Lending Banks Technology Finance 457

Housing Wire

AUGUST 13, 2020

In a release on Thursday, the Federal Reserve detailed some of the research it’s doing on the benefits and risks associated with central bank digital currencies. Current research is being conducted within the Federal Reserve Board’s “TechLab” on innovations in alternative technological payments and projects, according to the release.

Banks 482

Banks Technology Development Finance 482

Housing Wire

APRIL 13, 2022

Despite advances in technology, the mortgage industry still lacks efficiency. Mortgage executives are aware of a problem: despite billions of dollars in technology investments , the mortgage industry still largely looks like it did two decades ago. He added: “We have a tremendous amount of proprietary technology being built.

Mortgages 435

Mortgages Technology Banks Finance 435

Housing Wire

MARCH 4, 2021

Income is the second platform Plaid will use in its payroll operations, the first being Deposit Switch ; Deposit Switch begins the instant process of switching a customer’s direct deposit to their bank account. Plaid’s technology enables apps to connect with users’ bank accounts. Its most recent valuation was $5.3

Finance 300

Finance Pre-approval Banks Investor 300

Housing Wire

JANUARY 13, 2021

The Federal Reserve is looking into the rise of artificial intelligence and machine learning, and is considering stepping up its oversight of these technologies used by financial institutions. Effective solutions must be purpose-built for mortgages, rather than adapted horizontal technology. Achieving Touchless Mortgage Automation.

Banks 539

Banks Technology Development Mortgages 539

Housing Wire

AUGUST 13, 2024

The Federal Housing Finance Agency (FHFA) Office of the Inspector General (OIG) has warned the agency that it has serious network security deficiencies that leave its computer systems vulnerable to hacking, based on “penetration testing” the OIG performed. This is according to a report issued by the FHFA OIG itself.

Finance 476

Finance Technology Banks Development 476

Housing Wire

SEPTEMBER 23, 2024

Real’s technology platform and its ProTeams program piqued my interest,” Reed said in a statement. Reed brought a banking and finance background to real estate when she became an agent in 2016 and has shown a knack for marketing. “We

Brokerage 448

Brokerage Agents Finance Technology 448

Housing Wire

JULY 17, 2024

They were followed by the Federal Housing Finance Agency (FHFA), the Consumer Financial Protection Bureau (CFPB), the Federal Reserve System and the National Credit Union Administration (NCUA). AVMs deploy technology to value the properties used as collateral to secure mortgages. (FDIC) announced their approval of the final rule.

Technology 475

Technology Banks Mortgages Finance 475

Housing Wire

MAY 23, 2024

.” Knag has an extensive resume, having served in several financial leadership roles in the media, telecommunications, technology and finance sectors. He began his career in investment banking, going on to work for Lehman Brothers and First Albany Corp.

Principal 447

Principal Finance Banks Technology 447

Housing Wire

MAY 22, 2024

Our comprehensive product suite offers solutions for virtually every mortgage and home financing need,” Kamran said in a statement. The technologically advanced mortgage platform empowers loan officers to serve both customers and business partners with ease and excellence.

Lending 448

Lending Development Loan Officer Finance 448

Housing Wire

APRIL 9, 2024

It’s supported by Varun Krishna , a veteran in the financial technology world and former executive at Intuit and PayPal , who was appointed as the company’s new CEO in July 2023, replacing Bob Walters. The lender says the technology allows the company to close loans 2.5 times faster than the industry average. “By

Loans 487

Loans Technology Mortgages Finance 487

Housing Wire

FEBRUARY 8, 2024

Bloomberg also reported that several banks, including JPMorgan Chase & Co. and Bank of America Corp. have held talks to provide as much as $8 billion to finance a buyout of DocuSign. DocuSign’s market capitalization is close to $10.5 billion with a share price of $51.33 as of Thursday afternoon.

Sales 459

Sales Banks Technology Finance 459

Housing Wire

JUNE 30, 2021

That’s where Finance of America Mortgage (FAM) TPO’s Two-X Flex suite of proprietary jumbo and non-QM products comes into the picture. Omar Cantillo, Senior Vice President, National Operations Manager, TPO Omar Cantillo has nearly 30 years of leadership experience in finance and executive operations.

Finance 285

Finance Lending Loans Technology 285

Housing Wire

MARCH 17, 2022

Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger.

Lending 488

Lending Technology Loans Mortgages 488

Housing Wire

JANUARY 3, 2025

But in the immediate interim, housing developers must invest in technologies , like modular construction, to dramatically extend the resiliency and life of their buildings. This is crucial for many developers who have found themselves battling higher costs of development and reduced availability of traditional bank financing.

Development 435

Development Construction Finance Investor 435

Housing Wire

OCTOBER 5, 2021

Former banker Matthew Feldman has been named chairman of the board of managers at the Federal Housing Finance Agency – controlled Common Securitization Solutions , where he will lead a transition to better align the organization’s “corporate governance structure with its core mission,” FHFA announced today. Presented by: Flagstar Bank.

Banks 534

Banks Development Finance Mortgages 534

Housing Wire

MARCH 30, 2023

Achieving [these] goals will also help encourage community banks to expand their construction-to-permanent mortgage lending activity, especially in small towns and rural markets.”

Construction 397

Construction Loans Banks Lending 397