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Tag Archives: Finance

Integrating Technology in Servicing and Lending

tech

DS News spoke to FinTech professionals, including Flagstar Head of Digital Lending Rocky Stubbs, about how the program is impacting the shape of FinTechs in the mortgage and real estate industry, and where technology needs to grow and adapt. 

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Ellie Mae to Go Private

The $3.7 billion acquisition of a mortgage fintech provider by a PE firm will see it becoming a privately-held company. Here’s what the deal provides for the company’s shareholders and what it means for its tech platforms.

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Uniting Over Housing

Here is how a divided Congress can come together and solve the current housing market challenges through bipartisan legislation.

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Assessing Financial Vulnerabilities

See this video to learn what Chairman Jerome Powell had to say about the findings of the Fed’s first Financial Stability Report that gauges the country’s monetary stability.

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The Rising Risk of Defaults in Refis

A recent report found that cash out refi loans at a higher risk of default than purchase loans. Click through to learn what’s causing refinance loans to have a higher stressed default rate.

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Full Speed Ahead with Mortgage Tech

New technologies are accelerating the industry processes and increasing consumer satisfaction. Catch up on the top trends that will impact mortgage professionals this year. Editor’s Note: This story was originally featured in the April issue of DS News, out now.

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IndiSoft Appoints Board Members

IndiSoft, a technology development firm that specializes in systems for the financial services industry based in Columbia, Maryland, has added Hans Rusli and Amit Sheth to its advisory board. Sheth and Rusli each bring significant experience in the banking and financial services industries and will play vital roles in IndiSoft’s business strategy.

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Jury Convicts Nomura Trader on Conspiracy Charge

A Connecticut jury found a former Nomura executive guilty on one conspiracy charge on Thursday for allegedly tacking on secret commission fees to RMBS transactions he handled between 2009 and 2013. Two other Nomura employees were also named in the suit, which was filed by the state in September 2015. In addition to one conspiracy charge each, the trio was also charged with two counts of securities fraud and six counts of wire fraud a piece. The jury was hung on three counts, and the defendants were found not guilty on the additional charges.

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