Remove Banks Remove Marketing Remove Technology
article thumbnail

CFPB finalizes rule that lays the foundation for open banking

Housing Wire

The Consumer Financial Protection Bureau (CFPB) has finalized a rule that lays the groundwork for open banking in the U.S. Announced on Tuesday, the new rule mandates that financial providers — including banks, credit card issuers and mortgage companies — share personal financial data for free with their peers when customers request it.

article thumbnail

WaFd Bank exits home mortgage lending, says model is ‘unsustainable’

Housing Wire

Seattle-based WaFd Bank , which has offered home loans for more than 100 years, announced Thursday in an earnings report that it will exit the single-family mortgage lending business. That is bad news for banks like WaFd Bank, because it has made the business of originating mortgages for our portfolio unsustainable.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Open banking is on the verge of transforming mortgages. Most are unaware of it

Housing Wire

FormFree , a mortgage fintech founded in the midst of the Global Financial Crisis by Brent Chandler, is putting the customer in control of their own data, a practice known as “open banking” that could transform lending. Lapin said FormFree operates within an open banking framework, a relative rarity in the mortgage industry.

article thumbnail

Here’s how one CRE veteran helps multifamily investors thrive

Housing Wire

Volatility is becoming the new norm in today’s commercial real estate market. If it isn’t rising interest rates or shifting rental trends, then growing technology is the driving force that prompts investors to evolve. His words contain valuable knowledge that investors need to thrive in this market.

article thumbnail

Real launches three new products during its agent conference

Housing Wire

Leo CoPilot can help agents generate automated marketing materials by leveraging data from an MLS. But Real agents are not the only ones receiving upgraded AI technology. based agents can sign up for a business checking account with Thread Bank , which includes a Real-branded debit card. and Canada.

article thumbnail

Peeking into Pennymac’s ‘aggressive’ goal to double broker market share by 2026

Housing Wire

During last week’s earnings call, PennyMac Financial Services chairman and CEO David Spector said during a Q&A with investors and analysts that the company’s goals include continued growth in its broker direct channel and 10% market share by the end of 2026 a goal of more than 100% growth over the next 18 months.

article thumbnail

5 lessons we learned at the HW Economic Summit – and why we consider it a ‘must attend’

Housing Wire

26 in Dallas, provided valuable insights into the forces shaping the mortgage and housing markets in 2025. With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle.