A busy month for fintech funding


Here are seven startups that received multimillion-dollar venture capital investments in recent weeks to accelerate the development of banking products and services.


Accounting board rejects bid to ease CECL; rate drop sparks mini refi boom


Publicly traded banks will have to book expected losses on loans starting next year; the jump in mortgage refinancings could be a mixed bag for banks.


SoFi reboots its mortgage business with new name, updated processes


The digital lender rebranded its mortgage business as SoFi Home Loans about four months after it took a step back from real estate finance to redesign its processes.


HGTV shows like 'Fixer Upper' spur demand for home renovation loans


Popular TV shows about house fixers and flippers have sparked consumer interest in remodeling, creating an opportunity for lenders to build a specialty in renovation loans while traditional mortgage lending is weak.


LoanDepot hit with Ginnie Mae sanctions over VA mortgage compliance


Ginnie Mae has restricted loanDepot's ability to securitize Veterans Affairs mortgages because of apparent churning of recent originations.


Latest GSE reform offers blueprint without Congress


The Milken Institute's plan to address the housing finance system proposes a number of measures that could be carried out by regulators, after years of stalled legislative attempts.


Banks pitch refis to generation buried in student debt


Student loan debt — now at $1.5 trillion in the U.S. — is arguably the greatest pain point for consumers in their 20s and 30s. To court that demographic, banks are increasingly offering help with refinancing and repayment.


CFPB fines mortgage lender over claims it deceived veterans


The CFPB ordered Village Capital & Investment in Henderson, Nev., to issue refunds and pay a penalty for allegedly misrepresenting the cost savings in a refi product.


Reverse mortgage program remains threat to FHA’s financial health


As the Federal Housing Administration prepares to release its annual actuarial report sometime this month, the industry is questioning how the reverse mortgage program fits into the agency's future.


Former SoFi CEO's startup unveils digital home equity loans


Mike Cagney’s current venture, Figure Technologies, is offering consumers the ability to apply online for home equity loans and get funding in as little as five days.