Bank Innovation

OCTOBER 3, 2017

EXCLUSIVE— Potential homebuyers can be barred from entering the market simply because of the cost of a mortgage down payment. CMG Financial, a mortgage banking firm, is looking to change that with its new crowdfunding platform, HomeFundMe.

Marketing 260

Marketing Payments Online Innovation 260

PYMNTS

JANUARY 15, 2021

Money experience” company MX said it has landed $300 million in a Series C funding round, which was headed up by a $150 million investment from TPG Growth in addition to participation from new and current backers, according to an announcement. The company said the funds will go toward expansion and investment in offerings for FIs.

Fintech 157

Fintech Lending Technology Software 157

TheGuardian

MARCH 21, 2024

Richard Branson has already indicated he will back takeover that will require the agreement of the group’s shareholders Nationwide Building Society is lined up to take over its smaller rival Virgin Money after the pair formally agreed a deal worth £2.9bn.

Groups 69

Groups 69

Independent Banker

MAY 31, 2022

Josh Prejean (right) of Bank of Zachary, here with mortgage client David Rozas, says community banks must compete through customer service. In the highly competitive mortgage arena, bankers are looking for strategies that will give them an edge in capturing business as originations pull back from peak levels. By Beth Mattson-Teig.

Community Bank 185

Community Bank Community Lending Marketing 185

TheGuardian

NOVEMBER 12, 2021

Guardian Money hears from people trapped on high-cost deals after bank wrongly recorded defaults on files Barclays has been accused of putting its mortgage customers through a “nightmare” by wrongly recording defaults on their credit files , meaning they are trapped on high-cost deals for home loans and other borrowing.

Payments 97

Payments Cards 97

Gonzobanker

AUGUST 17, 2022

Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space. banks Rocket Companies acquired personal finance app Truebill in a $1.275B deal that launched Rocket Money Digital financial platform MoneyLion acquired embedded finance marketplace Even Financial.

Fintech 198

Fintech Lending Software Compliance 198

TheGuardian

AUGUST 31, 2021

I accidentally put in the incorrect account number for a Nationwide second mortgage I am about to lose my home and don’t know where to turn. My partner and I took out a second £40,000 mortgage through Nationwide last year. I’d accidentally inputted his account number along with my partner’s name on the mortgage application.

System 98

System Online Data 98

PYMNTS

DECEMBER 21, 2020

Applications for mortgage refinances, however, were doing well throughout the year, with high credit score borrowers taking advantage of the lower mortgage rates, the report stated. The pandemic almost instantly forced everyone to stay home, creating seismic shifts in how consumers spent money and what they bought, PYMNTS reported.

New York 299

New York Survey Cards Lending 299

TheGuardian

OCTOBER 10, 2022

Boss says bank is putting aside more money for potential defaults linked to cost of living crisis The boss of Santander UK says the bank is putting aside more money for potential defaults linked to the cost of living crisis after seeing a pickup in customers falling behind on mortgage and loan payments.

Payments 92

Payments 92

PYMNTS

NOVEMBER 18, 2020

This follows a record $76 billion drop in Q2 credit card debt, as people used COVID-19 stimulus money and pandemic unemployment to pay down financial obligations. Mortgage debt hit $9.86 Mortgage debt hit $9.86 According to the Fed’s latest quarterly report on household debt and credit, overall consumer debt hit $14.35

Cards 310

Cards US New York Report 310

TheGuardian

DECEMBER 1, 2022

UK high street banks are accused of not passing on benefits of money market movements to savers and borrowers Big high street banks stand accused of failing to pass on to customers the recent movements in the money markets that should have improved mortgage and savings rates. Continue reading.

Marketing 59

Marketing Groups 59

Abrigo

JUNE 27, 2023

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. The limited regulation around the real estate industry has made it especially easy for these bad actors to cycle their dirty money into the financial system using this avenue.

El Paso 195

El Paso Miami United States New York City 195

South State Correspondent

DECEMBER 13, 2023

While the Fed’s current actions on QT have been deemed long-term, slow-moving, and compared to watching paint dry, after years of QT, the impact is real and is affecting money supply and bank’s cost of funding (COF). Bankers must understand the relationship between money supply and their bank’s COF.

Community Bank 195

Community Bank Community Policies Tools 195

PYMNTS

AUGUST 11, 2020

As in the first distribution of $1,200 checks in the spring, most people will get money direct deposited, or via a debit card or check will be mailed to the address where your taxes were filed. The FTC also warns consumers not to pay for job opportunities or for online ads promising ways to earn money.

Fraud 174

Fraud Taxes Survey Cards 174

TheGuardian

JULY 27, 2022

CEO says about a fifth of customers have had to adapt spending ‘significantly’ as inflation soars Lloyds Banking Group has revealed it is struggling to boost profits, amid fears that soaring inflation could lead to a jump in defaults on loans and mortgages. That compares with the £374m it released during the same period last year.

Groups 95

Groups 95

PYMNTS

MAY 19, 2020

As lenders provide relief for homeowners from the financial challenges of COVID-19, the number of mortgages on temporary postponement increased to 8.16 percent in the prior week, according to the Mortgage Bankers Association’s (MBA) Forbearance and Call Volume Survey. As of May 14, the average 30-year fixed rate mortgage was 3.28

Survey 131

Survey Trends Data Marketing 131

PYMNTS

FEBRUARY 27, 2019

Zillow is focusing more on the mortgage market, making loans to buyers who use the company’s app. Zillow plans to add the mortgage business to its financial reports starting in the second quarter. According to the report, Zillow has been originating mortgages for the past few months after buying Mortgage Lenders of America.

America 169

America Report Strategy Marketing 169

Perficient

NOVEMBER 22, 2022

The SCRA offers protections for service members and their families in many different areas, ranging from mortgages to life insurance. With a retroactive request, financial institutions must go back and recalculate the debt payments and refund the borrower’s money. Dependents of servicemembers. Postponement of foreclosures.

National 275

National United States America Lending 275

Qudos Bank

FEBRUARY 15, 2024

Paying off a mortgage can take decades, and during that time, you may find yourself wishing for a way to reduce your monthly payments or pay off your home loan sooner. Home loan refinancing is the process of replacing your existing mortgage with a new one. Fortunately, home loan refinancing could provide you with a solution to help.

Lending 52

Lending Examples Maine Meeting 52

CFPB Monitor

MARCH 21, 2022

Last week, the CFPB published a blog post , stating that it “strongly encourages” mortgage servicers to participate in Homeowner Assistance Fund (HAF) programs. The Bureau asserts that it “remains focused on preventing avoidable foreclosures to the maximum extent possible and expects mortgage servicers to do the same.”.

Training 148

Training Policies Industry Payments 148

PYMNTS

APRIL 23, 2020

Some of the bigger firms receiving loans qualified during the self-certification step of the PPP process but may not actually need the money to stay afloat during the pandemic, Mnuchin said. Shake Shack had received $10 million but returned the money , stating that it had other means to acquire funds. I think they should review it.”.

Fraud 257

Fraud Meeting Company Operations 257

PYMNTS

MARCH 22, 2020

In the midst of the coronavirus pandemic, the Federal Reserve has plans to print new money that will not have come into contact with the virus, although this may not happen immediately, according to a report by CoinDesk. The way the Fed is handling money has changed, however, quarantining U.S.

Philadelphia 250

Philadelphia America Cards Report 250

BankInovation

JANUARY 25, 2021

The bank saw digitally-assisted mortgage applications quadruple from 9% of all mortgages in the third quarter to 36% in the fourth quarter. New digital consumer deposit accounts, which include checking, savings and money market accounts, also […].

Report 98

Report Marketing Lending 98

PYMNTS

JANUARY 8, 2021

Both auto and mortgage loans are also anticipated to rise to match pre-pandemic levels, the report noted. Many consumers are now expecting that they will be able to conduct the whole of the lending process online, for example, even when that comes to traditionally complicated loans, such as mortgages. About The Tracker.

Lending 163

Lending Examples Tools Meeting 163

PYMNTS

SEPTEMBER 18, 2020

Clients will have the capability to “seamlessly” move money, and foreign exchange rates will be based on interbank pricing. Mortgage Lender LoanDepot Looks Toward $15B IPO. launched its EVO Express Deposit real-time push payments offering, which is enabled by Visa Direct, to assist retailers with more expedient access to money.

California 142

California Payments Management Retail 142

TheGuardian

SEPTEMBER 7, 2023

to 7.5%, ‘comparable with two-year fixes at the moment’ A new UK mortgage lender is launching home loans that allow people to fix their rate for up to 30 years. It may also let them borrow more money than standard deals. Startup bank’s deals range from 6.5%

Lending 73

Lending 73

PYMNTS

AUGUST 18, 2019

mortgage refinancing is on the uptick as fears about fluctuating global markets cause a drop in interest rates , the Financial Times reported Sunday (Aug. Treasuries, yields and mortgage rates dropped. The average interest rate on a 30-year fixed-rate mortgage was 3.6 As more people invested in the safety of U.S.

US 108

US Comparison Lending Marketing 108

PYMNTS

AUGUST 16, 2019

News came this week that Jysek Bank , a Danish bank that is among the largest in that country, is bringing to market what is being billed by publications such as The Guardian as the “first negative interest rate mortgage” – and the implications are widespread for the (global) economy. For the institutions, too, this is a troubling sign.

Lending 123

Lending United States Marketing Payments 123

Payments Source

DECEMBER 3, 2019

Wealthfront will add third-party mortgages to its investing platform, while Varo Money says robo advice and mortgages are in its long-term plans.

Fintech 83

Fintech 83

PYMNTS

DECEMBER 6, 2020

The $9 billion price tag would make this one of the larger SPAC mergers of the year, behind the MultiPlan merger with Churchill Capital Plan for $11 billion and the pending United Wholesale Mortgage $16 billion deal with Gores Holding IV, Bloomberg reported. Earlier this year, Paysafe debuted its Skrill Money Transfer service, letting U.S.

Capital 226

Capital Cards Online Report 226

PYMNTS

SEPTEMBER 9, 2020

trillion in stimulus checks tended to use those payments to bolster their savings or pay down debt – and only a small percentage of those surveyed actually spent that money. Owners with a mortgage spent 15 percent more of their stimulus on paying off debt than owners without a mortgage.

Payments 173

Payments Survey National Taxes 173

CFPB Monitor

OCTOBER 14, 2021

The lawsuit alleged that AAG inflated estimated home values in marketing its reverse mortgage product and made false representations about AAG’s effort to ensure home value information was reliable. The proposed stipulated final judgment and order requires AAG to pay a $1.1

California 78

California Compliance Regulation Groups 78

PYMNTS

MAY 7, 2020

Its revised regulations , detailed on its Frequently Asked Questions page, urges companies who have access to other financing to reconsider whether they really needed the money. They have been given until May 14 to return the loan money with no questions asked. Most SMBs say roughly 15 to 20 percent of costs are payroll-related.”.

Meeting 198

Meeting Massachusetts Regulation Maine 198

Gonzobanker

SEPTEMBER 21, 2023

CSI partnered with Dragonfly for treasury management and with Hawk AI for fraud and anti-money laundering solutions. Intercontinental Exchange (ICE) and Black Knight announced as part of their merger that Black Knight would sell its subsidiary Optimal Blue (digital mortgage marketplace) to Constellation Software’s Perseus Group.

Fintech 103

Fintech Software Illinois Lending 103

PYMNTS

JUNE 1, 2017

Among the main problems seniors are facing, many pointed to reverse mortgages, which are exclusively available to people over 62 years of age. Another common complaint among older consumers: getting money back after falling victim to a financial scam.

Cards 166

Cards Payments Maine Analysis 166

Bank Innovation

JANUARY 25, 2017

mortgage startup Habito has raised nearly $6.79 It also received money from its seed investor Read More. million in a Series A Round led by Silicon Valley fintech investors Ribbit Capital, the company announced this week. Habito uses a fully automated process that allows consumers to get loans in 30 minutes.

Capital 150

Capital Fintech Company Lending 150

PYMNTS

APRIL 20, 2020

Somewhat less attention-getting has been a provision of the CARES Act that seeks to offer relief for American homeowners who suddenly find themselves unable to make mortgage payments. mortgage holders who qualify for the loans. mortgage holders who qualify for the loans. Who Qualifies for Mortgage Forbearance?

Payments 141

Payments Lending US Policies 141