The mortgage industry's digital transformation is revolutionizing the home buying experience and upending the status quo for lenders and servicers. The Digital Mortgage Conference is the premiere event exclusively dedicated to these developments, bringing over 1,500 professionals to Las Vegas on Sept. 17-18 for keynote speakers, panels and the main attraction: live product demos showcasing the latest mortgage innovations.
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About $2.9 billion of the deposits the company obtained from the failed Signature Bank had fled as of last week, and executives are forecasting that number to double. However, they say they're "cautiously optimistic" they can lure some deposits back.
April 28
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A pair of bills make it clear that stealing a homeowner's title is a crime, subject to a maximum prison term of 25 years.
April 28
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The latest estimates for its market share in third-party origination channels as others have exited is 17% for correspondent and 2.2% in wholesale.
April 28
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Adam Grealish serves as Head of Investments at Altruist, a custodian built exclusively for RIAs. He most recently led Betterment's strategic asset allocation, fund selection, automated portfolio management and tax strategies. He also served as a vice president at Goldman Sachs, overseeing the structured corporate credit and macro credit trading strategies. Grealish was also a part of the global quantitative equity portfolio management team at New York Life Investments.
April 28
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The Federal Deposit Insurance Corp. said in a report released Friday that Signature's rapid, unrestrained growth and inadequate risk management practices outpaced supervisors' ratings and responses, even though the issues were known to the agency.
April 28
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The loans, which are known as advances, jumped 28% at the end of the first quarter from the close of 2022, the FHLB Office of Finance said on Friday.
April 28
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In a highly anticipated report on the failure of Silicon Valley Bank, Federal Reserve Vice Chair for Supervision Michael Barr says the bank's own mismanagement and an acquiescent supervisory structure created the conditions for the bank to fail.
April 28
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The hedge fund added a new small long position in the mortgage software company, according to a copy of its quarterly letter seen by Bloomberg.
April 28
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The troubled lender could fail, get rescued by the nation's largest banks or muddle through as a zombie bank. Federal regulators and the big banks will have to decide which is the least bad option.
April 28
