Add Moon Mortgage to the list of fintechs offering crypto-backed mortgages. Six months after raising $3.5 million in a seed round, the Miami-based cryptocurrency lending platform announced on Tuesday that it launched a product that allows investors in Bitcoin, Ethereum and USDC to use their assets to secure funding for
Artificial intelligence (AI) and machine learning (ML) present incredible opportunities to expand homeownership and housing in the U.S. But for potential homebuyers to benefit from new technology, the industry must figure out a way to keep bias out of decision-making models, experts said Monday. “The biggest opportunity in my mind
Rithm Capital, the parent company of mortgage lenders Newrez and Caliber Home Loans, is expanding its business to Europe. Former Bank of America executive Marty Migliara has been tapped to lead the operations in the region. Rithm, a New York-based asset manager, is opening an office in London to seek equity and debt
Endpoint, a digital title and settlement company backed by First American Financial Corporation, has launched Jot, a platform that streamlines the closing process by connecting homebuyers and sellers with a notary signing agent, according to an announcement on Tuesday Notaries who join the Jot network will have access to real
When prospective clients operate in highly regulated financial markets, enterprise sales don’t come easy. Blend co-founder and CEO Nima Ghamsari knows this perhaps better than anyone. It wasn’t until 2014 – two years after his cloud banking platform launched – that Movement Mortgage took the leap and digitized its mortgage origination
The mortgage industry still faces the same cybersecurity threats as it did over the last 10 years. In turn, efforts to strengthen infrastructure and security are becoming even more important, experts emphasized on Monday at the Mortgage Bankers Association (MBA) Technology Solutions Conference Expo in San Jose, California. Phishing —
The tumult in the banking industry set off by the failure of Silicon Valley Bank (SVB) on March 10, followed two days later by the collapse of Signature Bank, has sparked fear in the markets over a potential broader contagion infecting the entire financial industry — and ultimately the U.S. economy. For independent
Cornerstone Servicing, a division of recently formed Cornerstone Capital Bank, has launched a subservicing business, the company announced Monday. “Our goal is to ensure every homeowner has the support they need to make informed decisions and manage their mortgage with ease,” Toby Wells, president of Cornerstone Servicing said in a
Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. The 10-year yield and mortgage rates Last week was interesting for the 10-year yield and mortgage rates. Even though the Gandalf line
Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. Through Rocket’s new “BUY+” program, clients who obtain purchase financing from Rocket Mortgage and find a home with
With Congress deadlocked on multiple high-profile issues, including raising the “debt ceiling,” it’s unlikely that any legislation that could help close the homeownership gap for Black Americans will be passed. In turn, Lydia Pope, president of the National Association of Real Estate Brokers (NAREB), is urging mortgage lenders to accelerate
SoFi Technologies announced Monday that it had acquired fellow digital lender Wyndham Capital Mortgage in an all-cash transaction. The acquisition will allow SoFi to broaden its suite of mortgage products available to members, enhance unit economics, and take ownership of a scalable digital mortgage platform, the company said in a
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