- Sep 16-17, 2025|San Diego, CA
The bank will deploy Nova Credit's Cash Atlas software to determine borrowers' creditworthiness by looking at bank account data, and the vendor's Credit Passport to bank newcomers to the country.
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Fintech loan provider Knock said the transaction will allow it to accelerate funding for its bridge financing originations, which surged 126% year over year.
August 26
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Fed cut talk fuels hopes of lower mortgage rates. A drop could expose multiple buckets of $200B–$300B in MBS to refi risk, shifting the mortgage market.
August 26
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President Trump posted a letter on social media addressed to Federal Reserve Gov. Lisa Cook, informing her that he was terminating her due to allegations of mortgage fraud. The move is likely to tee up an unprecedented legal fight over the Fed's independence.
August 25
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Bank industry advocates, housing groups and CRA veterans say the rule is overly complexity and burdensome, but even they agree pre-approving CRA-eligible activities was a good idea.
August 25
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A Redfin survey found that no matter what age demographic, owners are in a better situation to make their payments compared to renters.
August 25
Only 20% of the Top Producers in the National Mortgage News survey were under 40, while almost half were between 41 and 50, and 30% even older.
Those who raced ahead of the pack of loan originators last year went the distance by offering exceptional customer service, catering to niche pockets of demand in the market.
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The bank "temporarily" paused home equity line of credit lending in April 2020, over concerns regarding the economic impact of the Covid-19 pandemic.
August 26
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The American Fintech Council publicly declared support for California SB 69, which would require "internal expertise" for artificial intelligence regulation.
August 26
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Legal experts say President Trump's unprecedented move to fire Cook over alleged past misconduct will likely be hashed out in court, but there is little precedent to determine whether a sitting board governor can be removed for past actions.
August 26
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A proposed rule published Tuesday in the Federal Register would limit the Consumer Financial Protection Bureau's ability to designate nonbank entities for supervision.
August 26
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The judge sided with Massachusetts officials in a review of their lawsuit against Hometap, who pushed back on descriptions of its products as "illegal" loans.
August 26
