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Forborne mortgages stemming from the coronavirus outbreak reached their lowest level since late March 2020, according to the Mortgage Bankers Association.

New York Community Bancorp says it will invest in Figure Technologies, which has developed an open source distributed ledger. The bank plans to use the technology to cut costs in mortgages and payments and promote financial inclusion.

Ashok Subramanian is founder and CEO of Centivo, a new type of health plan anchored around leading providers of value-based care.

Whether it’s ransomware or a natural disaster, a sudden freeze on operations can be devastating, and the recent incident highlights why mortgage industry businesses must constantly review their data security efforts.

As Chief Investment Officer of Kestra Investment Management, Kara relies on her extensive investment experience to provide independent financial professionals with the expertise and tools they need to serve their clients. Kara was most recently Chief Investment Officer and Managing Director at Goldman Sachs Personal Financial Management, where she provided advisors with a broad array of investment advice, tools, and services.

Also, loanDepot adds recent HUD official to board, Cherry Creek names CTO, Homebot taps former Ellie Mae executive to lead enterprise sales and Stewart Title hires, promotes team members across the U.S.

Other investors in the round include Caffeinated Capital Andreessen Horowitz, Singapore's GIC, GGV Capital and Moore Specialty Credit.

The share of home sales that were competitive remained above year-ago levels in July, but only by a few percentage points.

The Federal Reserve told a judge not to scrap Libor as requested by consumers in a lawsuit because it would pose a risk to financial stability and undermine years of global planning for a transition to a new benchmark for borrowing rates.

Depressed margins and a $219 million hit to its servicing rights fair value translated to a lower bottom line at the wholesaler.