Technology

A Detroit-based company, which owns Rocket Mortgage and Quicken Loans, listed the size of its upcoming offering in filing as $100 million, a placeholder amount that will likely change.

Reps called the offer "opportunistic" and said it did not address regulatory concerns regarding overlaps with Bill Foley's other businesses, Fidelity and Black Knight.

The court struck down a 2015 update to the Telephone Consumer Protection Act, which permitted robocalls to cellphones for government-related debt collection.

Lenders and servicers' biggest pandemic challenges revolve around clarity for loan eligibility and understanding options for their borrowers once the forbearance period ends.

Cannae Holdings, a spinoff of Fidelity National Financial, is trying to stage an unsolicited takeover of the property data, analytics and services firm that once had ties to Fidelity's competitor.

Video conferencing might replace some in-person meetings even after people can go back out on the road again.

With more real estate and mortgage companies moving to a digital process, volume expectations in the face of coronavirus restrictions shot way up in May compared to April.

Mastercard has agreed to acquire Finicity for a reported price of $825 million, a move the card brand says will strengthen its open banking platform and expand financial services through more real-time access to data.

Government-sponsored enterprise reform could be one hurdle to future innovation.

Buying power for many consumers is hampered and some originators said that affects their ability to serve consumers.