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...
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.
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...
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.”
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.