Top banks in the mortgage space, which have relied on a similar playbook for years, say they could become more active if upcoming changes to capital rules provide more flexibility, several industry executives told HousingWire. But any shift in strategy is expected to take time. Depositories typically focus on their existing customer base, ranging from […]
Banks eye mortgage growth if Basel III capital rules ease Read More »
“Just when I think things are falling in place, another wild card arrives,” Mortgage Bankers Association (MBA) president and CEO Bob Broeksmit said Tuesday morning at ICE Experience’s X26 annual mortgage conference. In a conversation with ICE Mortgage Technology President Bob Hart that spanned recent executive orders, mergers and acquisitions, and artificial intelligence, Broeksmit admitted
MBA’s Broeksmit on Trump orders, AI and mortgage affordability Read More »
Military families and veterans don’t buy homes the way most civilians do. They move on short notice and often finalize purchases from hundreds or thousands of miles away. When you add a VA home loan into the mix, some lenders and agents assume the transaction is headed for trouble before it even starts. That assumption
VA loans are not slow, agents who prep early close faster Read More »
JAUST, an automated underwriting system (AUS) built specifically for jumbo mortgage originations, has launched with a cloud-native platform that aims to help lenders cut underwriting costs and accelerate decision times, the company announced Tuesday. The platform is designed for portfolio lenders and mortgage banks that manage dozens of jumbo investors and complex overlays. “The mortgage
JAUST launches automated jumbo mortgage underwriting platform Read More »
In real estate, title insurance, and mortgage lending, transactions depend on technology operating accurately and securely behind the scenes. Every login, file access, system change, and integration generates activity that can either support business continuity or signal potential risk. One of the most overlooked yet powerful cybersecurity safeguards is maintaining and reviewing application logs. These
Reducing risk: Why logging, protection, and review matter Read More »
Property insurance startup Rhino is looking to help real estate agents and their clients assess insurability and find insurance for properties in areas facing high rates of climate disaster risk. To achieve this goal, Rhino, an insurance brokerage that specializes in securing insurance policies for climate-risk exposed properties in California, has launched DealShield. The software
Rhino targets climate risk home insurability in California Read More »
The remaining defendants in the Roberts sexual assault lawsuit have all independently filed motions seeking dismissal of the case. Last week, Michael Bjorkman and David Golden, two former top recruiting agents at eXp Realty, as well as eXp World Holdings and its CEO, Glenn Sanford, all filed motions for summary judgement in the sexual assault
eXp defendants move to toss Roberts sexual assault lawsuit ahead of April hearing Read More »
A special Two Harbors Investment Corp. (TWO) shareholder meeting to vote on its proposed acquisition by United Holding Corp., the parent of United Wholesale Mortgage (UWM), lacked a quorum Monday morning, forcing the company to reschedule the vote for March 24. “The TWO board of directors determined, and continues to believe, that the proposed transaction
Two Harbors postpones vote on UWM merger after quorum miss Read More »
A federal judge has ruled that the Consumer Financial Protection Bureau (CFPB) must continue getting its funding from the Federal Reserve, dealing a setback to Trump administration efforts to effectively shut down the agency. The ruling Friday by U.S. District Judge Edward Davila in San Jose blocks acting CFPB Director Russell Vought from using a
Judge rejects bid to cut CFPB funding Read More »
We’ve all experienced take-it-or-leave-it tech: Systems and platforms that some real estate agents swear by and other agents ignore. Maybe it makes you more productive (if you use it consistently), but it’s no real loss if you don’t. That’s not the case with artificial intelligence. As the consumers you’re working with increasingly adopt AI in
Data ownership and AI tools are reshaping real estate tech stacks Read More »