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CFPB finalizes rule that lays the foundation for open banking

Housing Wire

billion in assets — have until April 1, 2030. This has created an even less durable final rule that does not reflect market, technological , and practical realities.” Meanwhile, smaller institutions — providers that hold more than $850 million and less than $1.5 Small banks and credit unions are not subject to this rule.

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Home Depot Foundation invests $10M to assist veterans with aging in place

Housing Wire

Research also indicates that homelessness among individuals aged 65 and older will reach its peak by 2030, with veterans being disproportionately affected compared to the general population. Smart-home technology is becoming an increasingly important component of aging in place.

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California looks poised to finally pass RON legislation

Housing Wire

It’s really a center of innovation, including for real estate technology. As amended, the bill provides that California notaries could begin to offer online notarization services beginning January 1, 2030 though stakeholders like Notarize hope it will be years earlier.

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UWM to issue $500M in unsecured debt, aims to pay down MSR facilities

Housing Wire

mortgage lender United Wholesale Mortgage (UMW), announced Thursday its plan to raise $500 million in debt through a private offering of senior notes that mature in 2030. UWM Holdings Corp. , the parent company of leading U.S.

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How Pennymac is preparing for the forthcoming refi wave

Housing Wire

“Our large and growing servicing business continues to drive revenue and cash flow in this higher interest rate environment and notably, our per loan servicing expenses were at record low levels as we continue to leverage our proprietary technology and operational scale. This drove growth in its servicing portfolio, which totaled $632.7

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Rocket Mortgage breaks into the solar industry

Housing Wire

According to the Detroit-based company, it will be leveraging the same technology, data and client experience used in the mortgage, real estate and personal lending spaces “to help Americans make their home more energy efficient.”. “We have a significant portfolio of clients, roughly 2.5

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Opinion: More can be done to shorten the average time to close

Housing Wire

One would be hard-pressed to find many title agencies that aren’t using some level of technology in that regard. Other complex and time-consuming tasks addressed by improved technology include title searches, document preparation, lien releases, and even the closing itself, as RON and digital closings gain adoption rapidly.

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