Figure hires banks for lending arm IPO: Bloomberg
Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo, hiring investment banks to coordinate the initial...
New York regulator encourages property insurers to offer free loss mitigation
The New York Department of Financial Services (NYDFS) announced on Thursday the publication of a policy recommendation that encourages property insurers to offer...
With elections ahead, housing policy analysts discuss the end of GSEs’ conservatorship
Isaac Boltansky, managing director and director of policy research at BTIG, said on Tuesday that he does not believe “a second Biden administration...
Cyberattack on Mr. Cooper forces it to lock down systems
Texas-headquartered lender and servicer Mr. Cooper pointed to a cybersecurity incident that forced the company to lock down certain technology systems including access...
High mortgage rates sideline homeowners from tapping home equity: ICE
Rising home prices have pushed the third quarter’s tappable home equity amount near its 2022 peak, but interest rates are making homeowners reluctant...
Homebuyers faced high mortgage rates, worsening affordability in October: ICE
Stubbornly elevated mortgage rates created more affordability pressures for homebuyers in October, according to ICE Mortgage Technology’s November Mortgage Monitor report.In October, the...
Moehrl commission lawsuit defendants file motion for summary judgement
The three remaining defendants in the Moehrl commission lawsuit filed a joint motion for summary judgement on Tuesday. The National Association of Realtors,...
Assumable mortgage platform Roam partners with national lender on down payment assistance
New York-based assumable mortgage platform Roam rolled out a new partnership with national lender Spring EQ to provide second-lien loans to Roam customers,...
Inflation moderates to 3.2% in October
Consumer prices were up 3.2% in October from a year earlier, down from 3.7% in September and slightly slower than economists’ expectations. “Core”...
Title industry prepares for possible changes in a post-commission lawsuit world
Ron Frasier, a title industry veteran and CEO of title startup Atlas Title, has been watching the commission lawsuit saga closely.
“If the costs...
