Refinance

A busy month for fintech funding

05/01/19

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

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

04/04/19

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.

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SoFi reboots its mortgage business with new name, updated processes

03/29/19

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.

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

02/04/19

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.

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LoanDepot hit with Ginnie Mae sanctions over VA mortgage compliance

01/31/19

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

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Latest GSE reform offers blueprint without Congress

01/17/19

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.

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Banks pitch refis to generation buried in student debt

12/21/18

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.

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CFPB fines mortgage lender over claims it deceived veterans

12/06/18

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.

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Reverse mortgage program remains threat to FHA’s financial health

11/02/18

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.

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Former SoFi CEO's startup unveils digital home equity loans

10/10/18

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.

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