Articles by Caroline Basile

Wells Fargo protestors disrupt MBA Annual 2018

Group shouts "Where's Wells Fargo? Show your face!"
A relatively quiet day at the Mortgage Bankers Association's annual convention was disrupted by dozens of Wells Fargo protestors for nearly 10 minutes on late Monday afternoon. The protestors were shouting chants accusing the bank of predatory lending practices, chanting "Where's Wells Fargo? Show your face!" and calling the bank "thieves."
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Redfin hires behavioral economist from Amazon

Daryl Fairweather joins real estate brokerage
Real estate brokerage Redfin announced Daryl Fairweather has joined the company as its chief economist. The company explained that Fairweather, who joins the company from Amazon, will work closely with Redfin's business leaders and agents to better understand the behavior and mindset of homebuyers and sellers.
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Movement Mortgage to lay off 180 employees

Company cites slowing loan growth
For the third time this year, Movement Mortgage is cutting its workforce. Movement announced Thursday that it is laying off 180 of its employees on Friday. In a note from CEO Casey Crawford released Thursday afternoon, the CEO explained that the lender is making this decision “in response to a nationwide downturn in the housing and mortgage market.”
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Taylor Morrison closes AV Homes acquisition

Companies finalize deal worth nearly $1 billion
National homebuilder and developer Taylor Morrison announced Tuesday it has finalized its acquisition of AV Homes. The deal, valued at close to $1 billion, marks a significant new phase in Taylor Morrison's growth strategy and expands its scale in five overlapping markets.
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Politico: Watt accuser invited to speak at FHFA hearing

Simone Grimes accused FHFA Director Mel Watt of sexual misconduct
Simone Grimes, the Federal Housing Finance Agency employee who accused Director Mel Watt of sexual harassment, has been invited to testify at the House Financial Services Committee’s upcoming congressional hearing on oversight of the agency, according to a report by Politico. 
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JPMorgan expands blockchain network payments to 75 international banks

Ledger network seeks to ease processing times for non-traditional payments
JPMorgan has expanded blockchain-based payments to more than 75 international financial institutions in an effort to ease processing times for non-traditional payments. According to reporting by Financial Times (paywall), more than 75 banks, including Société Générale and Santander, are now testing the Interbank Information Network, or IIN.
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[LISTEN] SimpleNexus in the Winner's Circle

How the company is making loan officers' lives easier
SimpleNexus recently secured a multimillion dollar investment and Miller discusses how that money is fueling the expansion efforts at the firm, and making life easier for loan officers. In this edition of In The Winner's Circle, Editor-in-Chief Jacob Gaffney sits down with Ben Miller, SimpleNexus president and COO and asks him why LOs should invest their time and money in his product.
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