by aosme | Sep 9, 2022 | Real Estate, Uncategorized
People who invest in technology often ask the question: is this a “nice to have,” or a “need to have?” Few have the resources to invest in technologies they don’t need. Often, this analysis comes down to the worst case scenario. “What’s the worst that can happen if we...
by aosme | Sep 8, 2022 | Real Estate, Uncategorized
As a financial technologist specializing in mortgage since long before “fintech” was a thing, I appreciate how tough market cycles force us to focus. For some individuals and companies, this is your first mortgage down cycle. For others, it’s just a new chapter in...
by aosme | Sep 8, 2022 | Real Estate, Uncategorized
An influential banking trade group this week argued that the Federal Housing Finance Administration (FHFA) should not permit nonbank lenders and real estate investment trusts to become members of the $1 trillion Federal Home Loan Bank system. In a statement issued...
by aosme | Sep 8, 2022 | Real Estate, Uncategorized
A coalition of 21 affordable housing groups on Wednesday said Fannie Mae and Freddie Mac made important improvements to their plans to offer housing financing in underserved markets, but still have a ways to go. The Underserved Mortgage Markets Coalition, which...
by aosme | Sep 8, 2022 | Real Estate, Uncategorized
Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. People’s first reaction was to wonder if this was 2008 all over...
by aosme | Sep 7, 2022 | Real Estate, Uncategorized
Cleveland-based KeyBank, a mortgage lender and servicer with $187 billion in assets, is facing a lawsuit filed in federal court in Ohio stemming from a recent data breach that compromised its customers personal information, including social security numbers. The...
