Qualia accuses title startup Settlor of stealing trade secrets
Closing software provider Qualia is accusing a former employee and startup title production software firm Settlor of stealing trade secrets.
In a lawsuit filed...
Philly Fed President Harker: “We are at the point where we can hold rates”
Philadelphia Federal Reserve President Patrick Harker advocated for stopping interest rate hikes, noting that disinflation is under way.
“I believe that we are at...
30-year mortgage rates see largest one-week drop in a year, reviving mortgage demand
As 10-year Treasury yields tumbled, the average 30-year fixed mortgage fell 26 basis points in the week ending Nov. 9, the largest one-week...
FOA’s Resch on the evolution of reverse mortgages for financial planning
Chris Clow/RMD: Comparing where we were in 2019 and 2020 when seeking conversations with financial planners, how have they changed? You said they’ve...
CFPB creates public database of nonbank repeat offenders
The Consumer Financial Protection Bureau (CFPB) is creating a public database to identify nonbank financial companies that violate consumer laws, aiming to avoid...
A look at the mortgage hot topics for 2024
As we plan for a gradual cycle turn in 2024, a few hot topics feel especially hot right now. What’s next for the...
Jonathan Scarpati joins NRMLA board of directors
The National Reverse Mortgage Lenders Association (NRMLA) this week announced that Jonathan Scarpati, senior vice president of wholesale production at Finance of America...
Mortgage rates fell 67 bps in November. Production was still down 10%
In the mortgage business, November typically represents the start of the slow season. While mortgage rates cooled down significantly from October, it wasn’t...
FirstHome IQ now has 60 ambassadors boosting financial literacy
FirstHome IQ, a nonprofit focused on homeownership and financial literacy education, has expanded its ambassador program and now has 60 mortgage and real...
FundingShield’s Ike Suri on the limits of AI in fighting fraud
Editor in Chief Sarah Wheeler sat down with Ike Suri, chairman and CEO of FundingShield, to talk about rising fraud risks, what keeps...