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November 2025

Cloudflare disruption hit SoFi, Varo, other banks

Cloud computing, Cloud hosting, Cyber security, Digital banking, Fintech, Technology, Treasury Department /

Supporting data: Cloudflare dominates the “internet plumbing” sector with an estimated 82% market share for reverse proxy services, meaning a single glitch can ripple through global commerce. What’s at stake: The disruption reignites concerns detailed by the Treasury Department regarding the financial sector’s dangerous over-reliance on a small concentration of cloud service providers. Forward look: […]

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What Bill Ackman thinks should happen to the GSEs

Capital markets, Politics and policy, Secondary markets, The Great American Mortgage Corporation /

Hedge fund manager, billionaire and legacy government-sponsored enterprise investor Bill Ackman is pushing his plan for Fannie Mae and Freddie Mac in response to officials’ call for input. Ackman, who previously has suggested that the GSEs be merged, backed off that concept in a live broadcast and subsequent Q&A in an X space Tuesday morning

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OpenAI–Intuit deal brings financial actions to ChatGPT

OpenAI–Intuit deal brings financial actions to ChatGPT

Artificial Intelligence, Credit, Mortgage technology /

Intuit and OpenAI announced a multi-year partnership Tuesday, marking another stride in the financial sector’s push toward widespread adoption of AI.  Under the agreement, Intuit-powered apps, such as Intuit TurboTax, Credit Karma, QuickBooks and Mailchimp, will be in ChatGPT, allowing users to take financial actions directly through the AI chatbot. With knowledge of their financial

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Forgery, fraud make up 40% of title insurance losses

Fraud, Industry News, Originations, Title insurance /

Fraud and forgery attempts that appear in refinance transactions are turning out to be a rising risk factor leading to claims that end up costing title insurers hundreds of thousands of dollars.  Claims resulting from fraud or forgery now average $206,976, according to research conducted by the American Land Title Association and consulting and actuarial

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Loan profits improve for IMBs in 3Q

Earnings, LOAN PRODUCTS, Originations, Underwriting /

Independent mortgage bankers reported a second consecutive quarter of profits on their loan production, helped by the September rate drop and surge in application volume, the Mortgage Bankers Association said. Between originations and servicing income, roughly 85% of the 325 companies which participated in the Quarterly Mortgage Bankers Performance Report were profitable. “After a series

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US jobless claims totaled 232,000 in week ended Oct. 18

Economic news, Employment data /

Initial applications for US jobless benefits totaled 232,000 in the week ended Oct. 18, according to the Labor Department website showing historical data for claims. Continuing claims, a proxy for the number of people receiving benefits, came in at 1.957 million, up slightly from 1.947 million in the prior week. For initial claims, weekly data for the

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US homebuilder sentiment barely rises despite price cuts

Homebuilders, Housing Inventory, REALTORS & HOMEBUILDERS /

US homebuilders’ confidence barely rose this month as they struggled to lure cautious buyers off the sidelines with costly sales incentives. An index of market conditions from the National Association of Home Builders and Wells Fargo ticked up 1 point in November to 38. A value below 50 means more builders see conditions as poor

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SFA hopes to bring back public RMBS from private issuers

SFA hopes to bring back public RMBS from private issuers

Capital markets, Regulation and compliance, RMBS, Secondary markets, Servicing /

The Structured Finance Association is joining Rep. Scott Fitzgerald, R-Wis., and others as support builds for the SEC to take another look at a rule that could reshape the mortgage securities market. The SEC has requested comment on the Reg AB II rule that’s generally shut private-label residential mortgage-backed securities issuers out of the public

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Compass and Zillow take private-listing feud to New York courtroom

Law and legal issues, Originations, Real Estate /

Two heavyweights in the US residential real estate market, Compass Inc. and Zillow Inc., will face off in a New York courtroom this week in a legal battle that could reshape the future of how homes are marketed and sold in the country. Compass, the largest residential brokerage, sued Zillow in June claiming the real estate site

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Home Depot cuts forecast on weak demand for big-ticket items

Economic indicators, Housing Inventory, Housing markets, Originations /

Home Depot Inc. cut its full-year earnings guidance, warning that some unsteady consumers are hitting the pause button on big-ticket home purchases. The world’s largest home-improvement retailer said it expects adjusted earnings per share to decline 5% from a year ago, lower than its previous forecast. The company said its profit and comparable sales came

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