Better.com Secures a $500 Million Commitment from SoftBank April 14, 2021 Paul Muolo According to figures compiled by Inside Mortgage Finance, Better – which is just five years old – ranks 36th among all home originators.Read More
CFPB Seeks Input on Use of Artificial Intelligence April 13, 2021 Lisa Burden Among the key risks highlighted with the use of AI: explainability, data usage and dynamic updating... Read More
Redwood’s First Venture Investments Focus on Rental Services March 22, 2021 Brandon Ivey However, the size of the investments in Rent Butter and Rent Room were not disclosed...Read More
New York Nonbank Fined for Cybersecurity Breach March 17, 2021 Lisa Burden The New York regulator said RMS failed to investigate the breach... Read More
A Hefty Profit for Mr. Cooper on Sale of Title Business March 15, 2021 Paul Muolo Blend Labs, the digital automated underwriting platform, is diving head first into the title business...Read More
A Sequential Profit Drop for loanDepot but Shares Rally February 18, 2021 Talk about a rollercoaster ride: loanDepot came out at $14 a share last week and at one point almost reached $40. Read More
Figure Affiliate Files $250 Million IPO with Plans to Acquire a Company February 4, 2021 Brandon Ivey Figure Acquisition Corp. I is planning to acquire a company involved in financial technology and financial services. Read More
Tech-Focused Valon Raises $50 Million, Has Huge MSR Growth Plans February 2, 2021 Brandon Ivey Valon, formerly known as Peach Street, plans to use the funds to hire and acquire...Read More
PE Firm Ups Its Investment in SimpleNexus Mortgage Platform January 5, 2021 Paul Muolo The $108 million Series B capital raise follows a $20 million investment Insight had made earlier.Read More
FHFA Seeks Input on GSE Appraisal Issues December 29, 2020 Brandon Ivey Questions posed by the FHFA include whether the GSEs should use appraisal waivers and how lenders might manipulate automated underwriting systems when seeking an appraisal wavier from the GSEs.Read More