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Tag Archives: mortgage

How Banks Meet Community Needs

The Community Reinvestment Act (CRA) is headed for changes by The Treasury and will relook at reinvestments of banks towards supporting community needs through initiatives such as fair mortgage lending, affordable housing development, small business lending, and similar activities. In ...

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Ripple Effect

Editor's note: This story was originally featured in the March issue of DSNews, out now. When the Tax Cuts and Jobs Act went into effect, many in the industry began to speculate what impact this would have on home prices, ...

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Tom Rice Joins OpenClose as VP Enterprise Account Executive

Florida-based OpenClose, a multi-channel loan origination system (LOS) and mortgage fintech provider, has announced the appointment of long-time industry veteran Tom Rice as VP, Enterprise Account Executive. Rice has experience with multiple LOS platforms as well as other enterprise-class mortgage ...

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Finicity Partners with Ellie Mae

Data

Utah-based Finicity, a financial data aggregator specializing in credit decisioning, has announced an integration agreement with Ellie Mae, the cloud-based platform provider for the mortgage finance industry, to provide Finicity’s digital asset verification solution through Ellie Mae’s Encompass platform. The ...

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Rising Rates to Impact Homebuyers

Fed Rate

On Wednesday, after Jerome Powell's first Federal Open Market Committee (FOMC) meeting as Fed Chair, the Federal Reserve announced that it had increased the Fed funds rate by a quarter point at a target of 1.5 percent to 1.75 percent. ...

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