Industry News
Industry News
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Recently polled banking professionals held that Vice President Kamala Harris is the likely front-runner for the White House, but former President Donald Trump would be better for the industry.
October 23 -
According to the litigation, a homeowner's Denver property was valued 25% less because of her race.
October 22 -
The top five states saw an average change in average mortgage rates of 3.15% quarter-over-quarter.
October 22 -
The real estate investment trust, while still separately traded, is now under the Rithm umbrella, and is taking on that brand as well as a new business model.
October 21 -
The cost of a credit score is $3.25, but could balloon to the $5 range in 2025.
October 18 -
The company expects that a previously announced sale of its residential mortgage servicing business will reduce its workforce by an additional 1,200 employees when the transaction is completed this quarter.
October 18 -
The strategic investment in the shared appreciation platform comes after capital raises at similar businesses last month.
October 18 -
Better's voice assistant can help customers get answers to mortgage application inquiries, call them back if they abandon an application and ask them about the weather.
October 17 -
After NYCB streamlined its branch operations under the Flagstar name, the publicly traded company will begin trading under a new stock ticker symbol in late October.
October 16 -
Updates to the Telephone Consumer Protection Act aimed at simplifying customers' ability to opt out of robocalls and robotexts will take effect on April 11, 2025.
October 16 -
While people are talking about supply, the former National Association of Realtors exec adds more attention must also be given to home insurance affordability.
October 11 -
The lender has largely denied allegations Connecticut previously lodged that threatened its licensing, but the state has new concerns.
October 10 -
The management changes come amid speculation that competition between Mr. Cooper and another player that's been more focused on digital operations is heating up.
October 9 -
September's news roundup for the mortgage industry includes the impact of the Federal Reserve's rate cut on mortgage appetites, lenders continuing to launch and settle lawsuits and more.
October 9 -
The veteran turnaround executive was hired in 2020 to salvage the troubled banking company after the Justice Department launched a far-reaching probe of its mortgage lending practices. It agreed to sell to Florida-based EverBank.
October 8 -
The new tool, dubbed Araya, utilizes data available in several of the technology firm's lines of business, including its climate risk division.
October 8 -
Papanii Okai will fill a newly created position of executive vice president of product engineering at Rocket Mortgage.
October 7 -
Stronger than expected numbers for overall U.S. employment additions have diminished lender hopes for steeper rate drops, and industry hiring has been tepid.
October 4 -
Companies announced new product rollouts and capital raises last month, but some are also facing lawsuits as the industry encounters heightened attention to the lack of consumer protections.
October 4 -
Chief capital markets officer William Chang is stepping down "to explore new opportunities within the mortgage banking sector."
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