Federal Reserve Governor Lisa Cook’s lawyers blasted President Donald Trump’s move to oust her as based on nothing more than a pack of “cut-and-paste” allegations related to mortgage fraud. In a flurry of court filings Tuesday, Cook’s lawyers emphasized arguments that Trump lacked valid grounds to fire Cook “for cause,” a key issue in her […]
Lisa Cook blasts Trump’s ‘cut-and-paste’ mortgage fraud claims Read More »
Freddie Mac and its former executives won’t go to trial in a decades-old lawsuit stemming from the Great Financial Crisis, following a federal judge’s latest order. U.S. District Judge Benita Y. Pearson last Friday granted Freddie and its former officers summary judgment in a case brought by the Ohio Public Employees Retirement System (OPERS). The
Freddie Mac, ex-execs win in 2008 fraud suit Read More »
Figure Technology Solutions has formally launched its long-awaited initial public offering that could bring over $508 million in gross proceeds to the company if the overallotment is exercised. The company is offering over 21.46 million shares, with an overallotment of 3.95 million shares. In addition, 4.85 million shares are being sold by existing stockholders in
Figure Technology seeks $508M in long-awaited IPO Read More »
Bloomberg News Financial technology companies want lawmakers to preempt state privacy laws by amending the Gramm-Leach-Bliley Act, which prohibits the disclosure of information to any third party unless the consumer is provided notice and an opportunity to opt out. On Tuesday, the American Fintech Council sent a comment letter to the House Financial Services Committee
Fintechs want Congress to preempt state privacy laws Read More »
The ultimate promise of technology in the mortgage industry is to improve the mortgage industry. It is such a simple, straightforward statement. And yet despite massive investments in myriad fintech solutions, improvements remain iterative and difficult to even quantify. Here’s where the disconnect happens. Any significant investment in technology should map to a predictable ROI.
The one question to ask before investing in mortgage tech Read More »
Treasury Secretary Scott Bessent said the Trump administration may declare a national housing emergency this fall as the White House looks to highlight key issues for midterm campaign voters. “We’re trying to figure out what we can do, and we don’t want to step into the business of states, counties, and municipal governments,” Bessent told
Trump weighs declaring national housing emergency, Bessent says Read More »
Prominent economists are rallying behind Federal Reserve Governor Lisa Cook after President Donald Trump moved to fire her based on allegations that she committed mortgage fraud. More than 450 economists signed an open letter backing Cook, saying there is a high bar for removing Fed governors and that elected officials should refrain from actions and
Over 450 economists back Cook, Fed independence in open letter Read More »
In the highly competitive world of real estate, team leaders play a crucial role in guiding and developing their agents. A well-trained, motivated team can lead to increased sales, better client relationships, and overall business success. However, many real estate team leaders fail to properly develop their agents, resulting in stagnant growth, high turnover, and
Why real estate team leaders fail to develop their agents Read More »
In July, Fairway Independent Mortgage refreshed its branding, including revising its name to Fairway Home Mortgage. The company was started as a mortgage broker by its CEO Steve Jacobson in 1996. It grew by adding regional branches throughout the country. Fairway has been very successful in retaining staff long-term. David Lazowski, who in 2024 became
Fairway rebrands with focus on end-to-end lending Read More »
Compliance software provider Advalis has launched a new version of its platform designed specifically for title companies, escrow officers and settlement agents facing the upcoming Financial Crimes Enforcement Network (FinCEN) Residential Real Estate Reporting Rule. The rule, which takes effect Dec. 1, will require reports on certain all-cash real estate transactions — essentially expanding what
Advalis CEO speaks on expanded FinCEN compliance platform Read More »