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CFPB finalizes rule that lays the foundation for open banking

Housing Wire

The Consumer Financial Protection Bureau (CFPB) has finalized a rule that lays the groundwork for open banking in the U.S. But this rule has sparked mixed reactions within the industry, reflecting both enthusiasm and concerns. and European Union, where open banking has already been adopted to drive innovation and consumer benefits.

Banks 448
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Here’s how one CRE veteran helps multifamily investors thrive

Housing Wire

If it isn’t rising interest rates or shifting rental trends, then growing technology is the driving force that prompts investors to evolve. In this executive conversation, van der Reis explores his experience in CRE finance, technology, loan servicing , and risk management. A change is needed.

Investor 468
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The Real Brokerage is banking on ‘pure tech innovation’

Housing Wire

That focus on technology is what Poleg says will propel the firm’s growth. That, says Poleg, is to double down on technology. The next couple of years will be about building a meaningful competitive advantage for our agents through technology. Were going deep into pure tech innovation.

Brokerage 284
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Industry reacts to FHA’s loss mitigation changes

Housing Wire

Housing industry pros are largely supportive of the raft of changes the Federal Housing Administration made related to the COVID-19 era loss mitigation waterfall. We’ve seen that with banks who have exited the FHA market during COVID, he said. The changes FHA is making will help achieve this balance.

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A&D Mortgage closes Mr. Cooper wholesale, non-del acquisition

Housing Wire

Mr. Cooper previously acquired the wholesale and nondelegated mortgage business assets as part of its Flagstar Bank transaction in November 2024. With this acquisition complete, we are better positioned than ever to deliver a broader range of loan solutions, industry-leading technology, and our hallmark YES approach to service.

Closing 394
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How gen AI is making real estate cybercrime easier than ever

Housing Wire

Unfortunately, industry experts are anticipating that things will only get worse in 2025 as gen AI makes committing cybercrime easier than ever. Previously, ONeill said cybercriminals would specialize in certain parts of the crime or in certain technologies. But sophisticated website spoofs are not the only way fraudsters are using AI.

Title 397
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5 lessons we learned at the HW Economic Summit – and why we consider it a ‘must attend’

Housing Wire

With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle. However, economists and industry leaders at the summit reinforced that every market is different.