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The real estate technology company had a $498 million valuation, according to PitchBook, but it could get a sizable premium to that if it were to go public.

The lender's founder and CEO says the acquisition of Roscoe State Bank will give it new products and referral sources.

Changed borrower psychology and the severe housing inventory shortage dropped lending activity across the board, according to Black Knight.

The long-time title and mortgage technology industry executive wants to reduce the number of public company boards he serves on.

Also, commercial financiers Arbor Management, DLP Real Estate, Greystone, Walker & Dunlop enhance their leadership teams, plus more industry moves

There’s now a unique, additional source of demand that’s opening up in an already fiercely-competitive housing market that VA lenders have to solve for.

Fears of widespread credit losses have largely subsided, but demand for new commercial real estate loans remains lackluster because many companies are sitting on so much cash they don’t need to borrow. Meanwhile, competition from private equity groups and other nonbank lenders is escalating.

The guidance addresses confusion related to how lenders should handle situations in which borrowers have not paid for a year and need additional help due to a natural disaster.

There are plans to incorporate the code into the Encompass eClose product, which will allow for secure storage of digital mortgages and notes.

Also: Residential delinquencies reach a pandemic low, groups seek to keep mortgage origination and securitization rules aligned

Mortgage lenders should develop a comprehensive program to identify potential risks of noncompliance with consumer protection rules and take corrective actions before the Biden-era Consumer Financial Protection Bureau comes calling.

With the Colonial Pipeline attack still in the news, bank CEOs testifying at a recent hearing cited cyber risk as the biggest threat facing the industry. But members of Congress did not share those concerns, and instead were more focused on criticizing banks about overdraft fees and their level of investment in minority communities.

Tighter mortgage rules could also be weighing on second-home buyers given that loans for such purchases, along with those for investment properties, can only make up 7% of a lender’s total pipeline

Meanwhile, National MI has been increasing its new insurance written by slightly widening its credit standards.

With residential supply severely lagging behind demand, redeveloping unused office space into multifamily properties seems like a perfect solution, but it’ll take governmental collaboration and tax breaks to make such projects financially compelling, developers say.

The Department of Housing and Urban Development reinstituted the “affirmatively furthering fair housing" measure, which the Trump administration had argued was overly prescriptive, and promised a later rulemaking to bolster the policy.

Recent reports show inflation rising, but employment underperforming, while interest rates dropped across the board.

The continued home price spike also drove the negative equity share to an all-time low, according to CoreLogic.

The Federal Housing Finance Agency said it is reviewing compensation policies for Fannie Mae and Freddie Mac and requesting feedback from the public. Some have said the $600,000 limit for executives imposed by Congress makes it hard to find talent.

Even though product availability is now at the same point where it was one year ago, it remains at 2014 levels.