Ben Lane

Ben Lane

Ben Lane is the Editor for HousingWire. In this role, he helps set a leading pace for news coverage spanning the issues driving the U.S. housing economy and helps guide HousingWire's overall direction. Previously, he worked for TownSquareBuzz, a hyper-local news service. He is a graduate of University of North Texas.

ARTICLES

  • Fiserv Lending Solutions rebranding as Sagent Lending Technologies

    Follows sale to Warburg Pincus
    Earlier this year, Fiserv sold more than half of its mortgage servicing business to private equity firm Warburg Pincus for $395 million. The plan was for the companies to operate the servicing business, called Fiserv Lending Solutions, as a joint venture. And that’s still the case, although the joint venture won’t carry Fiserv’s name anymore.
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  • Consumers can now freeze their credit for free

    Credit reporting agencies can no longer charge for credit freezes
    It hopefully just got a little more difficult for scammers to abuse someone’s credit information, because, as of Sept. 21, 2018, consumers can now freeze their credit at all three of the major credit reporting agencies, for free. Consider this one the “Equifax rule.”
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  • Wells Fargo expects to cut as many as 26,500 jobs in the next 3 years

    Company reveals planned headcount reduction of between 5%-10%
    It’s been a rough few years for Wells Fargo and the next few years won’t be much better, for as many as 26,500 of the bank’s employees. That’s because the bank announced Thursday that it expects to see a reduction in headcount of as much as 10% of the company’s workforce in the next three years. The company currently has approximately 265,000 employees, meaning as many as 26,500 could be out of a job by 2021.
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  • Cryptocurrency exchange Coinbase nabs top Fannie Mae exec Brian Brooks

    Fannie Mae general counsel leaving after 4 years
    Once rumored to be on the Trump administration’s shortlist to lead the CFPB, top Fannie Mae executive Brian Brooks is set to leave the federal government behind for the cryptocurrency industry. Brooks, who has served as Fannie Mae’s executive vice president, general counsel, and corporate secretary for almost four years, is stepping down from that position Friday to become the chief legal officer of Coinbase, one of the world’s largest digital currency exchanges.
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  • Singapore real estate giant CapitaLand enters U.S. multifamily with $835 million acquisition

    Buying 16 Class-B properties in Seattle, Portland, Los Angeles, and Denver
    With rents continuing to rise with little sign of slowing, multifamily real estate in the U.S. is beginning to draw some serious international investor interest, as one of Asia’s largest real estate companies is planning a U.S. invasion of its own. Singapore’s CapitaLand announced Tuesday that it is entering the U.S. multifamily market with an $835 million acquisition of 16 apartment communities in Seattle, Portland, Los Angeles, and Denver.
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  • Real estate listings site Zumper raises $46 million to build instant rental feature

    Plans “Book Now” platform with funding from Axel Springer, Blackstone
    As mellohome CEO Chris Heller recently noted, there’s a race afoot to be the dominant player offering a true one-stop-shop for homebuying. There appears to be a similar sprint happening on the rental side of the business as well. Case in point, rental listings site Zumper is preparing to roll out its own end-to-end platform that will allow renters to instantly rent an apartment or a home through its site.
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  • Fannie Mae adds former BBVA Compass chairman and CEO to its board of directors

    Manuel “Manolo” Sánchez Rodríguez joins GSE’s board
    Fannie Mae is adding the former chairman and CEO of BBVA Compass, Manuel “Manolo” Sánchez Rodríguez, to its board of directors, the government-sponsored enterprise announced Monday. Sánchez served as president and CEO of BBVA Compass, a U.S. subsidiary of Banco Bilbao Vizcaya Argentaria, from December 2008 to January 2017.
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  • No teenagers allowed: New Orleans landlord accused of discrimination

    HUD charges property owner with discriminating against families with children
    A New Orleans landlord stands accused of discriminating against families with children after allegedly repeatedly stating that he did not want any teenagers living on the property. The Department of Housing and Urban Development announced late last week that it is charging Earmastine Nelson with housing discrimination for running a real estate ad on Craigslist that stated “NO TEENAGERS PLEASE.”
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  • National MI preparing to promote Claudia Merkle to CEO

    Will replace Bradley Shuster, who is shifting to executive chairman
    For the first time since its founding in 2012, National MI will soon be under the leadership of someone other than Bradley Shuster. Shuster, who has served as CEO and chairman of the board since founding the company in 2012, will soon be stepping down as CEO and transitioning to executive chairman. Replacing Shuster will be Claudia Merkle, who the company promoted to president just a few months ago.
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