Planet Home Lending announced this week that Mike McChesney has joined the company as its new chief information officer. "His strong mix of business, operations, and technology expertise across originations, capital markets, and servicing will allow us to differentiate at a time of tremendous opportunity in the industry," said Michael Dubeck, Planet Home Lending president and CEO.
While regtech is a relatively new concept in the mortgage industry, it has already gained a great deal of traction in other parts of banking and financial services. Craig Focardi, a senior banking analyst at Celent, talks with HousingWire about what makes regtech different from mortgage tech and how you shouldn't be afraid to make the leap into adopting new technologies.
Mortgage software solutions provider Calyx Software, a 2018 Tech100 winner, named Bob Dougherty executive vice president of business development. Dougherty, who joined the company in 2016, will be responsible for strategic direction, developing and maintaining vendor and client partnerships, as well as daily operations of the company.
On Thursday, the Securities and Exchange Commission announced insider trader charges against a former Equifax manager for dumping stock prior to the company’s announcement of a data breach that exposed the data of more than 143 million American consumers to hackers.
Is there someone at your company who is the go-getter? The unsung hero who faces challenges head on? Nominate them for HW's Insiders Award, which acknowledges the unsung heroes of mortgage finance, or those who are crucial to a company's success but may not be known to the rest of the industry.
On Monday, the U.S. Supreme Court declined to hear an appeal by the Royal Bank of Scotland and Nomura to overturn an order that requires them to pay $839 million for making false statements while selling mortgage-backed securities to Fannie Mae and Freddie Mac.
The face of the mortgage borrower is changing and Hispanic Millennial, or Hispennial, borrowers are increasingly buying more homes. During a panel at the NEXT Mortgage Technology conference, experts from three mortgage companies explained what they’re doing to reach this growing demographic.
More exciting changes are happening at HousingWire! This week, we are announcing our acquisition of The Reverse Review. This means a new fresh face at HousingWire. Reverse Review Editor Jessica Guerin is joining HousingWire’s staff as an editor to lead our expanding coverage of the housing wealth market and is launching a Reverse Review newsletter.
On Saturday, the White House confirmed that President Donald Trump will nominate Office of Management and Budget official Kathy Kraninger to lead the Consumer Financial Protection Agency. Plus, Zillow and Trulia are hit with a patent infringement lawsuit and megabanks are set to pay out more than $170 billion to shareholders.
One question the homebuilding industry is faced with, especially while housing inventory remains low, is why hasn’t there been a larger response from the homebuilding industry to add more homes to the market? According to the NAHB's chief economist, one of those reasons is the rising cost of lumber.
In the days following the 2016 election, business leaders across many industries were hopeful that the new president would make good on his promise of widespread deregulation. Banks and other financial institutions were especially optimistic. Here at last was the relief they had been looking for. Or not.
Even Hollywood knows better than to produce a sequel when the original movie is truly, horrifically bad. That’s why, thankfully, we haven’t seen sequels to such all-time cinematic disasters as Howard the Duck, Gigli, The Last Airbender, Jack and Jill, Glitter, or Battlefield Earth. Which brings us, in an admittedly roundabout way, to the question of whether we’re about to see a sequel of sorts in the mortgage industry: The Return of the Subprime Loan.
With FHFA director Mel Watt’s term due to expire in January 2019, the question of whether to move ahead on some version of administrative reform may rest with his successor. In the meantime, policy makers would be well-served to work together to come to some agreement on options for administrative reform. At a minimum, agreeing on a common definition would be a good first step.