Commercial banking

Product and pricing engine provider Optimal Blue has rebranded almost two years after the company was sold by Black Knight to Constellation Software.

Forty-one former employees of Fannie Mae on Wednesday sued the company, its chief executive and Federal Housing Finance Agency Director Bill Pulte for alleged defamation related to their dismissals in April.

Between rising home costs and the end of mortgage relief programs, many homeowners are struggling to stay above water, especially in the South and West.

Delinquencies within the segment eased from the first quarter to the second, but prepayments increased, Morningstar DBRS reported.

While private mortgage insurance still has a larger share of business than the Federal Housing Administration, the gap will continue to narrow through 2027.

Gen Z and Millennial homeowners also face unexpected expenses after closing, underscoring need for more education on the part of mortgage professionals.

Stephanie Mier is the Chief Insurance Officer at ServiceUp, an all-in-one tech platform transforming how fleets and insurers manage vehicle repairs. She has spent the past two decades in the Insurance Industry, building auto claim departments, specializing in accident management, writing policy, and launching products to focusing on decreased overall risk, customer retention and acquisition. Prior to ServiceUp, she spent the last 8+ years in the fintech mobility space, building Insurance for Turo, Fair Financial, Kyte on demand rental, and was a founding member to PAKT Embedded Insurance Brokerage. 

The contract rate on a 30-year mortgage declined 10 basis points to 6.67% in the week ended Aug. 8, according to Mortgage Bankers Association data released Wednesday.

Approximately 60% of economists surveyed by Wolters Kluwer believe the Federal Open Market Committee will act at its next meeting with a 25 basis point cut.

Insurance industry advisors and groups say the INSURE Act proposal for a catastrophic reinsurance program won't solve rising prices and coverage crisis.

Core CPI, which excludes food and energy, rose to 3.1%, up from 2.9% in June.

Alex Laipple is chief growth officer at Ethic, a technology-driven asset management platform that powers personalized, values-aligned and tax-smart investing for financial intermediaries.

Whittemore and his team are working to help the company handle both growth and diverse loan types, including non-QM, RPLs and NPLs.

Yuval Rooz is the co-founder and CEO of Digital Asset.

July's growth in products correspond with a noticeable rise in new applications for adjustable-rate mortgages as borrowers respond to recent rate movements.

New insurance written at the six private mortgage insurers increased by only 2% year-over-year, a sign of the sluggish home sales market at the low end.