Peace offering made to small financial institutions on fast payments

The Clearing House announced moves to attract community banks and credit unions to its real-time payments system. Smaller depositories have generally been reluctant to sign up with what is seen as a large-bank effort.
Source: American Banker

Basement Inspections – Exterior

Follow your home inspection standards and know you can check some visible basement components from the outside.

The post Basement Inspections – Exterior first appeared at Working RE Magazine.

Source: Working RE Magazine

Top multifamily operators invest in multifamily tech platform Amenify

A group of the largest operators in multifamily real estate is now helping Amenify, a real estate technology startup that offers multifamily property managers a “managed marketplace” of amenities that they can offer to their residents, grow its business.
Source: HousingWire Magazine

North Carolina de novo inches closer to opening

Community Bank of the Carolinas must raise about $4 million before becoming the state’s first new bank since the financial crisis.
Source: American Banker

Which companies dominated multifamily and commercial real estate financing in 2018?

Earlier this year, both Fannie Mae and Freddie Mac revealed which commercial and multifamily real estate lenders and originators did the most business with them in 2018. But, which companies truly financed the most commercial and multifamily real estate last year? Here are your answers.
Source: HousingWire Magazine

Wells Fargo's Sloan eligible for office, driver after he departs

Tim Sloan took a beating as Wells Fargo’s boss, but at least he won’t have to fight California freeway traffic or keep his own calendar in retirement.
Source: American Banker

Why CFPB payday revamp is an even bigger deal than you think

The proposed rollback of underwriting requirements for small-dollar lenders could redefine a legal doctrine that governs rules affecting other companies as well.
Source: American Banker

SoFi reboots its mortgage business with new name, updated processes

The digital lender rebranded its mortgage business as SoFi Home Loans about four months after it took a step back from real estate finance to redesign its processes.
Source: American Banker

New home sales pick up the pace on lower mortgage rates

Sales of new homes rose in February to the highest level in almost a year as lower mortgage rates enticed buyers. New homes are considered a leading indicator of the spring market because they can take about six months to finish and families who want to move before the start of the school year in September have to sign contracts earlier than existing homebuyers.
Source: HousingWire Magazine

There's another way to beat big banks at tech

Community and regional banks may not be able to outspend their larger rivals, but they can be more nimble in implementing the necessary culture change.
Source: American Banker