Key insight: Fifth Third is optimistic that its acquisition of Comerica will deliver even better results than it previously expected. But there’s still important work ahead, as the systems conversion is slated for Labor Day weekend. Supporting data: The company plans to deliver $360 million of net cost savings this year, and to reach an […]
Fifth Third CEO on Comerica integration: So far, so good Read More »
A small vendor is suing Pennymac for stealing its technology, in a case the litigant compared to the larger competitor’s previous spat with Black Knight. Processing Content Surge, a customer relationship management vendor which claims to work with large wholesale lenders, sued Pennymac for breach of contract this week in a Michigan court. The plaintiff
CRM vendor sues Pennymac for software theft Read More »
Government-sponsored enterprise plans for legislatively-mandated credit score modernization drew mixed opinions Thursday as lawmakers held a House Financial Services Committee hearing on broader consumer data rules. Processing Content Dan Smith, president and CEO of the Consumer Data Industry Association, backed the idea of adding VantageScore at the GSEs to compete with FICO Classic, which has
Lawmakers spar over GSE credit score modernization plans Read More »
Monday the 5-year yield opened a little higher, Tuesday a little lower, Wednesday a little higher, yesterday a little lower, so do I even need to say that the opening today was a little better? Processing Content Crude being down more than $7 didn’t hurt and then just minutes ago a headline reading Iran’s Foreign
Yields sink as oil drops, Iran opens Hormuz strait Read More »
The mortgage industry is no longer debating whether AI has a role to play. That part is over. The real conversation now is about what kind of AI can work inside a business where decisions must be documented, policies must be followed, and every workflow may eventually be reviewed by risk, audit, or compliance. That
Building mortgage AI agents that compliance teams can trust Read More »
Title and escrow has long operated under the weight of manual processes and fragmented systems. Now, a new class of technology, agentic AI, is beginning to fundamentally transform how work gets done across the industry, driving greater speed, precision, scale and service. The next evolution of artificial intelligence, agentic AI, does more than generate content
Here’s how agentic AI is already transforming title and escrow Read More »
Growing up in poverty in Chicago, Realty of America founder and CEO Eddie Garcia, remembers going to the Archdiocese of Chicago on Tuesdays each week as a child to pick up a small box of food for his family. “I came from extreme poverty,” Garcia said. “Both of my parents were homeless, living under highway
Realty of America rockets into RealTrends Verified Rankings top 50 in first full year Read More »
Republican lawmakers in Kentucky sought to put the state on the housing reform map with sweeping legislation to boost construction and curb rising costs. But the package collapsed in the final hours of the state’s legislative session this week, and housing advocates warn the state’s housing shortage will deepen without swift action. Kentucky’s failure shows
Kentucky housing reform bill collapses in final hours Read More »
Virtual staging — once a simple tool for digitally adding furniture — is rapidly evolving into a powerful and sometimes controversial force in real estate marketing as artificial intelligence (AI) reshapes what’s possible. To understand where the line is drawn between enhancement and misrepresentation, it helps to start with the people who enforce the rules.
When listings lie: AI staging pushes real estate into an ethics gray zone Read More »
The National Association of Real Estate Brokers (NAREB) has launched an eight-city Affordable Homeownership Bus Tour aimed at closing the Black homeownership gap by bringing housing education, lending resources and policy conversations directly into local communities. The tour, led by NAREB President Ashley Thomas III, will visit Philadelphia; Baltimore; Detroit; Gary, Indiana; Kansas City, Missouri;
NAREB affordable homeownership bus tour targets Black homeownership gap Read More »