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Halcyon integrates with Finastra on income verification solutions

Halcyon, a provider of digital income and tax verification solutions, on Tuesday announced a new integration with Finastra, a financial services software company, to enable seamless digital management of IRS Form 8821 authorizations within Finastra’s Mortgagebot solution. This integration provides financial institutions with a faster and secure way to retrieve and manage tax transcript data […]

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LoanLogics finds persistent 11.5% error rate in US mortgage files

Audit software and automation solutions company LoanLogics announced Tuesday that 11.5% of all U.S. mortgage file content was missing or erroneous over the past 10 years, according to an analysis of internal data. LoanLogics provides technology used to originate, manufacture, audit and service loans. Its systems process more than half of all U.S. mortgages each

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ICE links MSP and Encompass to unlock home equity, refi loans

ICE Mortgage Technology’s new integration of its servicing and origination platforms reflects a broader trend in the mortgage industry — offering home equity loans while rates remain high and preparing for refinances as rates begin to decline. The same logic underpins deals such as Rocket Companies’ acquisition of Mr. Cooper Group and Bayview Asset Management’s

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LGBTQ+ Alliance regains control of financial accounts amid legal turmoil

The LGBTQ+ Real Estate Alliance has regained control of its financial accounts one month after former CEO Ryan Weyandt seized the accounts, after ruling by U.S. District Court Judge Eric Tostrud of Minnesota on Friday. Weyandt seized the accounts after allegations surfaced that the trade group had fallen into disrepair.  According to the ruling, Weyandt

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Anthony Hsieh reclaims the helm at loanDepot

Anthony Hsieh is back in the CEO role at loanDepot — the company he founded in 2010 — on a permanent basis. His focus will be on returning the mortgage lender to profitability and regaining market share, the company announced on Monday.  Hsieh stepped down as CEO in April 2022 and was succeeded by industry

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California wildfire rebuilding bill paused until 2026

A California wildfire recovery bill will be shelved until 2026, after a torrent of online conspiracy theories and confusion overwhelmed public discussion and policymaking, the Los Angeles Times reported. State Sen. Benjamin Allen (D-Santa Monica) announced that he would pause S.B. 549 — legislation that would have created a local authority to buy lots destroyed

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Long-term health care costs are exploding. A reverse mortgage could help

As the U.S. population ages, many families are facing long-term care (LTC) issues. Most families either pay for it out of their savings or spend down these savings until they qualify for Medicaid. But there’s a group stuck between the two — those who are too “rich” for Medicaid benefits but not wealthy enough to

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First American Title launches AI tool for agents

First American Title Insurance Co. has introduced a generative artificial intelligence (AI) tool designed to streamline how title agents access underwriting and compliance information. The new feature — called AgentNet Assist — integrates with the company’s AgentNet platform and is now rolling out to First American’s policy-issuing title agents nationwide. AI tools allow agents to

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It’s a summer scorcher in the New England housing market

Across the country, real estate industry observers are discussing a possible shift to a buyer’s market. “On the whole, the national market has gone back to balanced,” says Kara Ng, a senior economist at Zillow. “We’ve seen sellers return to the market in bigger numbers than buyers this year and sales in many parts of

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FHFA plans to eliminate GSEs’ equitable housing finance plans

The Federal Housing Finance Agency (FHFA) is proposing to repeal its fair lending, fair housing and equitable housing finance rule, arguing that the regulation is duplicative that the repeal aligns with prior executive orders aimed at streamlining agency functions. The rule, finalized in May 2024 under the Biden administration, required Fannie Mae and Freddie Mac

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