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Floify’s new platform aims to provide flexible pricing for mortgage lenders

Housing Wire

Broker Edition is designed to provide an intuitive loan management portal for borrowers while making loan management simpler at an accessible price point. Founded in 2013, Floify — a subsidiary of Porch Group Inc. — Floify Lender Edition is a counterpart to Broker Edition , which was rolled out in December.

Mortgage 395
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The secondary market comes to the rescue…again

Housing Wire

This unconventional monetary policy is designed to encourage lending and investment, adding money back into the economy and lowering interest rates. To inject some life back into the economy, Bernanke decided to grow the Fed’s balance sheet by purchasing government bonds and mortgage-backed securities, better known as quantitative easing.

Marketing 459
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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. The deal will provide $62.8 million to the class members, with the remainder going to plaintiffs attorneys.

Legal 488
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Government Agencies Release Mortgage Origination Data

Appraisal Buzz

The data also provides updated mortgage performance and credit information for a nationally representative sample of mortgage borrowers from the years 2013-2021. Since 2014, FHFA and CFPB have sent quarterly surveys to borrowers who recently obtained mortgages.

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Floify launches lending platform for mortgage brokers

Housing Wire

Founded in 2013, Floify — a subsidiary of Porch Group Inc. — Digital mortgage automation solution provider Floify launched a lending platform for mortgage brokers built on the foundation of the Floify point-of-sale (POS) platform. The Colorado-headquartered firm was acquired by publicly traded proptech company Porch Group, Inc.

Lending 435
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Demand is rising for Connecticut program that pays caregivers living with aging loved ones

Housing Wire

A state-level program in Connecticut that pays caregivers living with loved ones who require special attention, and is designed to facilitate aging in place, is seeing a surge in demand across the state. This is according to reporting by Connecticut Public Radio.

Design 384
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Sunrise Banks Names New CIO

Appraisal Buzz

He began his career at FHLB in 2013 as an enterprise architect and worked his way up to his most recent role of VP/Director of Information Technology. Treasury as a Community Development Financial Institution (CDFI), a designation earned by approximately 100 banks nationwide. With locations in Minneapolis/St.

Design 396