A look at Biden’s first week in office

This episode reviews last week’s inauguration of President Joe Biden, examining which housing issues the new administration has already taken action on.

Mortgage Tech Demo Day

Tune in to our live Virtual Demo Day on February 2nd to experience demos from the most innovative loan origination and valuation tech companies in the industry.

If consumers aren’t holding lenders back, then who or what is?

The challenge for lenders and investors is understanding how to meet borrowers where they are without layering on risk or getting bogged down in third-party intermediation.

HomeBridge’s Brian White on diversity at a practical level

HomeBridge's Brian “Woody” White discusses ways to increase diversity within the housing finance industry.

Politics & MoneyMagazine

Who’s on the hook when money disappears due to wire fraud?

(You might be surprised)

wire fraud

Wire fraud is a source of significant harm to financial institutions, with an estimated $1.77 billion stolen in 2019, according to the FBI. For mortgage companies, the vulnerabilities surrounding the closing table constitute an especially big risk. Excited and anxious about closing, borrowers are vulnerable to email scams from criminals posing as lenders or title companies, resulting in a financial disaster if they direct their banks to wire money to the wrong place.

So what happens after that devastating event? Is the borrower just out the money, or does the lender or title company bear some of the responsibility for the loss? It’s an important question that is still being worked out in the legal system, but several experts say financial companies and other parties in closing have more liability than they might imagine.

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