Vital Financial has named long-time mortgage technologist Cy Brinn as a principal. Previously, he was the president of Metavante Lending Solutions. Going forward, using Mr. Brinn's market knowledge, Vital will find, analyze and structure private equity and venture capital investments in areas including mortgage technology. Mr. Brinn is also a finalist for the 2009 Mortgage Technology magazine Steve Fraser Visionary Award, which goes to a technology visionary and evangelizer. The award ceremony is scheduled for Oct. 11, at the annual convention of the Mortgage Bankers Association being held San Diego.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









