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The fintech projects the Series C capital will enable $10 billion in annual housing transactions through its system and expansion to half the U.S.

All of the NTC employees will join Covius, including the company's senior management, following the deal's completion.

Elizabeth Warren asked the Federal Reserve this week to force the spinoff of the bank’s nonbanking operations. Wells, which was recently hit with another $250 million fine, countered that it has made significant progress in improving its risk management and addressing misconduct.

The company co-founded by former Zillow CEO Spencer Rascoff raised $125 million from investors including SoftBank Vision Fund 2.

The companies talk through their products aimed at making the processes safer and more inclusive for consumers.

The number of borrowers leaving plans outweighed a smaller uptick in new requests and re-entries.

The transaction could raise as much as $306 million in gross proceeds.

If confirmed, Alanna McCargo would be the first Senate-approved president at Ginnie Mae since January 2017.

August’s increase in that loan type drove refinancings to take up a slim majority share of origination volume for the first time since February, according to Black Knight.

The move suggests the government bond insurer doesn’t expect to see loan performance return to normal levels until next summer.