Capital markets

With its latest round of funding, the mortgage fintech company will continue to build its digital platform, with a goal of reducing the complexities and costs of home buying.

A digital mortgage startup called Brace is using machine learning to automate loss mitigation and has lined up backing from several venture capital sources, including a fund with high-profile investors like Amazon founder Jeff Bezos.

The government-sponsored enterprises are going through a transition period. From proposals for rebuilding their capital cushions to tackling shortages in affordable housing, Fannie Mae and Freddie Mac face a number of key challenges with wide-ranging consequences this year.

Ginnie Mae should not overreact in supervising smaller, more diversified mortgage bankers, but rather scale its approach in line with the concentration of risk that different-sized servicers pose.

With its new round of funding, the mortgage fintech company will look to expand its geographic reach and reduce the mortgage closing process to a week in 2019.

CrediFi helps bankers pursuing commercial real estate loan growth minimize the risk in lending to customers they historically haven't served.

Wells Fargo and JPMorgan Chase had reduced mortgage-related earnings in the fourth quarter as home loan activity continues to fall short of expectations.

Michael Bright is resigning as acting president of Ginnie Mae to run the Structured Finance Industry Group, a trade association that's been without a CEO since Richard Johns resigned in July amid a reported split with the group's board.

The government shutdown could affect mortgage origination credit quality as lenders miss some red flags normally found using data that is not currently available, according to Moody's.

Acting Ginnie Mae President Michael Bright will leave his post on Jan. 16 and will no longer seek confirmation to be the permanent head of the mortgage secondary market agency.