Lending

FHFA watchdog faces investigation for misconduct

Accused of disparaging employees, attempting to intimidate witnesses
The top watchdog for the FHFA is facing investigation for misconduct after accusations surfaced that she purposefully weakened her office’s oversight. But her conduct surrounding her oversight of the government-sponsored enterprises isn’t the only thing being called into question – her interactions with employees are also under investigation.
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Roostify appoints new chief financial officer

Amblard has more than a decade of board operating experience
Tech100 winner Roostify follows through on its plans of expansion, appointing Eric Amblard as its new chief financial officer. Amblard brings with him more than a decade of board operating experience scaling B2B SaaS companies.
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Should Americans prepare for 5% GDP growth in Q3?

One early predictor says yes
President Donald Trump made a campaign promise to make 4% gross domestic product growth a reality in the U.S. After hitting the 4% mark in the second quarter, can Americans expect to see growth as high as 5% in the third quarter? One forecast says yes.
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Want an extra $1,000 to pay off your mortgage?

New Jersey senator proposes tax credit relief
A New Jersey senator proposes a $1,000 tax credit to help middle-class homeowners pay off their mortgages. With home prices increasing at least twice the rate of inflation, the measure could bring much-needed relief to Garden State homeowners.
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Fannie Mae multifamily posts solid Q2

Originations are up and delinquencies are low, but there is one bad mark on the scorecard
Fannie Mae multifamily had a good quarter. Originations posted solid gains and the GSE's loans are performing exceptionally, but it took a major hit in one key metric. Read on to find out more.
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Lenders reveal why they upgrade their mortgage tech

Survey shows lenders not concerned with cost
Mortgage lenders are increasingly looking to implement more mortgage technology, and now revealed their top drivers when implementing this technology. While some of the top reasons will come as no surprise, others could be less expected. For example, only 15% of lenders said cost was a factor in putting new technology in place.
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Is the future of the reverse mortgage market private?

Could proprietary products edge out FHA’s HECM?
There is pretty much one thing everyone is talking about in the reverse mortgage space right now, and it’s the proprietary market. With program changes stifling HECM loan volume, it seems lenders have finally found the push they needed to delve into the realm of private reverse mortgages.
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Who uses a reverse mortgage to purchase a house?

No one, really, even though it could be a retirement gamechanger
A little-known reverse mortgage product lets older homebuyers use their equity to purchase a house. It could help older adults free up cash at a time in life when liquidity is especially important. Too bad no one's really heard of it.
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