Posts

TurboTenant raises $6.5 million to support multifamily housing

In funding led by Real Estate Technology Ventures, TurboTenant has raised $6.5 million in an effort to expand its marketing and development teams, and to fuel customer growth and product innovation.
Source: HousingWire Magazine

Fee momentum timely for U.S. Bancorp

Executives at the Minneapolis bank, who expect two Fed rate cuts this year, said they can rely on growth in noninterest income to soften the blow.
Source: American Banker

The surprising benefits of designing a mortgage process based on empathy and data

While the mortgage industry is subject to more regulation today than ever before, the foundation of residential lending has not significantly changed. The system is still anchored around lenders and GSEs. Roostify aims to shift that focus with a customer-centric model that puts an emphasis on empathy and using customer data to create best-in-class experience.
Source: HousingWire Magazine

CFPB urges financial institutions to report elder fraud cases

The consumer bureau said banks are “uniquely positioned” to know if an elderly customer is being targeted by fraudsters.
Source: American Banker

Emboldened by CECL delay, industry seeks repeal

After FASB’s decision to give most banks extra time to prepare, lobbying groups are pushing for more.
Source: American Banker

BofA's plan to sustain its consumer banking mojo

Bank of America says rate cuts could reinvigorate mortgages and that its digital and cards strategies will help it grab more market share to offset shrinking margins.
Source: American Banker

House lawmakers square off over Facebook's crypto plans

Democrats called on the social media company to halt its Libra project, while Republicans said Congress should keep the door open to innovation.
Source: American Banker

Illinois credit union buying Ben Franklin Financial

The former mutual, which had faced pressure from an activist investor, agreed to be sold to Corporate America Family Credit Union.
Source: American Banker

Ben Lane named Managing Editor of HousingWire

Ben Lane has been named Managing Editor of HousingWire, the nation’s leading source of news and information for the mortgage, real estate and fintech markets. In this leadership role, Lane will be responsible for HousingWire’s editorial strategy and execution. He will also play a highly visible role within the company and the housing industry in support of HousingWire’s mission of Moving Markets Forward.
Source: HousingWire Magazine

Agricultural issues, borrower fraud to cut into Great Western's profit

The South Dakota company warned that it will charge off millions of dollars in loans to dairy and cattle farmers.
Source: American Banker