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Fintech

Mortgage lenders top banks, credit unions in tech adoption

Artificial Intelligence, Fintech, Originations /

Mortgage lenders are keeping pace with, and in some cases surpassing, banks and credit unions when integrating new technologies. Enlisting outside expertise can be a deciding factor in how successful these efforts are. National Mortgage News’ Emerging Technology and Artificial Intelligence report surveyed 128 professionals across the banking, credit union and mortgage industries on the […]

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Opendoor CEO Carrie Wheeler exits the meme stock darling

Career moves, Fintech, Housing markets, Marketing /

News that Opendoor CEO Carrie Wheeler is leaving the company boosted the company’s stock price to its third-highest level since the run-up began at the start of July. The announcement was made before trading started on Friday morning. When the markets did open, Opendoor began the day at $3.415 per share and in early trading

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Miren Desai, chief growth officer at Unlock Technologies, headshot

HEI platform Unlock expands into five new states

Fintech, Home equity loans, LOAN PRODUCTS, Originations /

Home equity investment firm Unlock rolled out its home equity investment product in Hawaii, Idaho, Montana, New Hampshire and Wyoming, it announced this week. The Tempe, Arizona-based company had added four Central U.S. states earlier this year and now offers its product in 24 states, nearly half the country. “We’re now the first provider to

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Opendoor reduces losses by 68% in the second quarter

Earnings, Fintech, Housing markets /

Although GAAP profitability continues to elude Opendoor Technologies, the company reported a positive result under one non-GAAP measure, its first in three years. The company, which facilitates cash offers for real estate buyers, cut its net loss from the previous year by 68%, but guidance going forward was less encouraging. These results were announced after

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Opendoor delays vote amid stock surge, Nasdaq threat

Earnings, Fintech, Housing markets /

Opendoor, whose stock price has soared since early July, has postponed a special stockholder meeting originally scheduled for today to address a Nasdaq listing notification.  The vote, now rescheduled for Aug. 27, concerns a potential reverse stock split that, if approved by shareholders and enacted by the board, could help remedy the company’s share price

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HEI platform Unlock receives $250M in capital support

Fintech, Home equity loans, LOAN PRODUCTS, Originations /

Home equity investment platform Unlock Technologies announced it received a new multimillion dollar commitment to help support the expansion of its consumer financing contracts.  The $250 million capital agreement with D2 Asset Management guarantees the purchase of originated products by the firm and doubles the amount of an initial deal the two companies signed last

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CFPB logo

Court allows fintechs to defend CFPB’s open banking rule

Fintech, Litigation, Open banking, Regulation and compliance /

Bloomberg News A federal judge granted the Financial Technology Association the right to intervene in the Consumer Financial Protection Bureau’s open banking rule, allowing the fintech industry to defend a rule on consumer financial data rights that the Trump administration refused to uphold.   On Wednesday, U.S. District Court Judge Danny Reeves said the FTA has

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