Short Takes: Refi Applications Jump / Flood-Zone Awareness / loanDepot Automates Underwriting / Arlington Asset Investment Merger December 13, 2023 Brandon Ivey Refi applications increased by nearly 20% in a week as interest rates declined.Read More
Mixed Outcome in Dispute Between Black Knight, PennyMac December 5, 2023 Brandon Ivey An arbitrator issued an interim award of $155.2 million for Black Knight.Read More
Short Takes: MI Exempt From SEC Rule / BofA Providing Financing to Rocket / Blend Scales Back Financing / Climate Risk and Inequality November 28, 2023 Brandon Ivey and Paul Muolo Mortgage insurance linked notes will be exempt from a rule the SEC issued Monday on conflicts of interest in securitizations.Read More
Fidelity the Latest Mortgage Player to be Hit With a Cyber Attack November 22, 2023 Paul Muolo In late October, mortgage lender/servicer Mr. Cooper disclosed it was the subject of a cybersecurity breach...Read More
Short Takes: Better Launches Mortgage-As-a-Service Platform / Redfin Says Now’s the Time to Buy / CoreLogic Debuts AR Appraisal Tool / Associated Bank Changes Consumer Lending Strategy November 10, 2023 James Dohnert Better and Infosys team on a mortgage-as-a-service product that they say will bring "unprecedented speed" to mortgage originations...Read More
Short Takes: Rocket Looks to AI / Redfin’s Lending Slows / Velocity Increases Production / Great Ajax Considering Options November 3, 2023 Brandon Ivey and James Dohnert “I believe AI will be at the center of how clients buy, sell and finance homes,” said Varun Krishna, the new CEO of Rocket Companies.Read More
Short Takes: Zillow Boosts Originations / Figure Offers HELOC Tech / Sterling Bank and Trust Turns to Rocket / CHLA Seeks Streamlined Exams by States November 2, 2023 Brandon Ivey Zillow's production increased 35% from the second quarter.Read More
FCI Taps Private Blockchain for Servicing October 24, 2023 James Dohnert FCI Fintech developed a patent-pending interplanetary file system that allows the private blockchain to be live with the servicing program.Read More
FHA Facing Hurdles (Congress) to Improving Tech October 11, 2023 Monica Hogan FHA Commissioner Julia Gordon said creating the infrastructure FHA wants from a technology perspective or a contracting perspective is difficult in the current environment.Read More
ICE Touts Benefits of Black Knight Acquisition September 29, 2023 James Dohnert Mortgage investors, lenders and borrowers could all benefit from ICE's acquisition of Black Knight, according to leaders at ICE.Read More
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