Lending

Fannie Mae CEO: We will return to profit in 2018

"We are a b2b business, we’re not a b2c business."
“We had a solid quarter in that our business performance was excellent,” Timothy Mayopoulos told HousingWire by phone. “The quarter’s earning are not a reflection of our underlying business. We will also benefit from the lower corporate tax rate.”
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CoreLogic hires Quicken Loans’ Pete Carroll to boost lobbying efforts

Will serve as executive for public policy and industry relations
CoreLogic, the property information, analytics and data-enabled solutions provider, announced this week that it hired Pete Carroll to join the company’s government affairs team. Carroll joins CoreLogic from Quicken Loans, where he was an executive vice president of mortgage policy and counterparty relations.
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CFPB requests information on its supervision processes

Asks for assistance assessing overall efficiency and effectiveness of program
The Consumer Financial Protection Bureau has been on a mission in recent weeks to find out the true effectiveness of its programs. In order to accomplish this task, it has been sending out requests for input from the finance industry. The bureau announced it is seeking comments and information from interested parties to assess the effectiveness and efficiency of its supervision program.
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Ginger Wilcox joins Capsilon as SVP of marketing

Former Sindeo exec tapped to lead marketing, brand positioning and growth
End-to-end digital mortgage solution provider Capsilon announced that Ginger Wilcox, formerly of startup Sindeo, is joining the company as the senior vice president of marketing, where she will lead marketing, brand positioning and growth for the company.
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Fannie Mae needs billions from Treasury for the first time since 2012. What happened?

Credit the Republican tax plan, and much more
If you’ve been playing close attention, you knew this day was coming, but that doesn’t make it any less shocking. Fannie Mae needs money from the government for the first time since 2012. So, how did we get here? The easy answer is to blame the Republican tax plan, and in many ways, that’s correct… but it’s far more complicated than that.
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Radian shakes up sales team to push for more business

Adds former MBA Chair David Kittle, former FHLB of Des Moines VP Shelly Schwieso
Private mortgage insurer Radian Group is making some changes to its sales team as it seeks to increase its market share in the mortgage space. Radian, which also offers risk management products and mortgage and real estate services to financial institutions, announced this week that it "reconfigured its sales team to create a unified focus on selling all Radian products and services."
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Real estate and fintech solution CertifID raises $1.7M in seed round financing

Initial round led by Wakestream Ventures
Authentication software provider CertifID announced it has raised $1.7 million in its seed round of financing, led by Wakestream Ventures. The company was founded in 2017 by the owners and founders of Sun Title, and entrepreneur Tyler Adams, after Sun Title fell victim to a social engineering fraud scheme that cost the company almost $200,000.
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