BridgeSpan has not ceased all operations, as MortgageWire erroneously reported, and the BridgeSpan website has relaunched after being taken down in the wake of the closure of BridgeSpan Title.The BridgeSpan homepage had been replaced earlier by a notice directing visitors to an eMortgageAxis Web page. BridgeSpan said about 150 employees were laid off as a result of the shutdown of BridgeSpan Title, not 200-plus as previously reported in The Title Report and cited by MW. A news release on the relaunched BridgeSpan homepage quotes BridgeSpan CEO Larry Walker as saying, "While BridgeSpan's innovative technology may have once been ahead of its time, it looks like its time may be just arriving." MortgageWire regrets the error.
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Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
June 18 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Economic uncertainty and higher rates in May contributed to the second decline in applications for new homes on an annual basis, reversing March gains
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