Articles by Caroline Basile

[LISTEN] Regtech Report, Episode 1: How do you define regtech?

Regtech defined with Craig Focardi, senior banking analyst at Celent
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.
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WSJ: Top risk exec to leave Wells Fargo

Mark D’Arcy’s last day is Aug. 21
According to reporting from the Wall Street Journal, Wells Fargo’s Chief Operational Risk Officer Mark D'Arcy is leaving Wells to “pursue opportunities outside of the company.” He will be succeeded by Mark Weintraub, the bank’s head of audit for consumer banking.
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Former First Guaranty general counsel Michael McElroy joins Mayer Brown

McElroy will be based at firm’s Washington D.C. office
Mayer Brown announced it has named finance attorney Michael McElroy as a partner resident in its Washington, D.C. office. McElroy, who joins the firm after serving as the general counsel and secretary for First Guaranty Mortgage, will focus his practice on a range of matters related to the mortgage banking and consumer finance industries.
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Better Mortgage expands operations to three new states

Digital mortgage company now available in 19 states
Digital mortgage company and 2018 HW Tech100 winner Better Mortgage announced this week it has expanded its services to three new states. “At Better, we want to make homeownership an option for every American – it’s at the core of what we do. One small piece standing in our way is being licensed in every state," Vishal Garg, CEO and co-founder of Better Mortgage, said.
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Celebrity Financial finalizes mortgage company acquisition

Midwest Equity Mortgage purchase completed
Celebrity Financial has finalized its acquisition of independent mortgage lender Midwest Equity Mortgage. When the purchase was announced in June, Celebrity said it was going on an acquisition tear, starting with its purchase of Midwest Equity Mortgage, with additional plans to purchase companies in several industries, including banking, fintech, insurance and capital markets, over the next 12 to 24 months.
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Rayman Kaur Mathoda appointed CEO of Xome

Industry vet to lead company's growth, oversee transition of Assurant Mortgage Solutions
WMIH Corp. subsidiary and HW Tech100 winner Xome announced it appointed Rayman Kaur Mathoda as its new chief executive officer. She will oversee the company's business segments and the transition of its recent acquisition.
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Politico: FHFA Director Mel Watt under investigation for alleged sexual misconduct

Watt claims leak of investigation documents is politically motivated
Friday, news broke that Federal Housing Finance Agency Director Mel Watt is under investigation for alleged sexual misconduct. According to an article from Politico, Watt is being accused by an FHFA staffer of repeatedly making inappropriate sexual advances when she tried to discuss career and salary concerns.
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