Housing Wire

Housing Wire

Banc of California names Doug Bowers president, CEO

Banc of California announced Thursday that it selected Doug Bowers to serve as the bank’s new president and chief executive officer, effective May 8, 2017. Bowers takes over at Banc of California during a time of transition, as the bank recently sold its mortgage business, Banc Home Loans, to Caliber Home Loans. Via:: Banc of California names Doug Bowers president, …

Read More »

Neat Capital unveils digital mortgage platform, acquires Whole Loan Solutions

Neat Capital, a Boulder, Colorado-based fintech mortgage lender that focuses on jumbo loans, announced that it launched a digital mortgage platform that offers “fast, transparent, and painless loan approvals” and boasts average loan closing times of 12 days. But that’s not all the company news of the day. Neat Capital also announced that it acquired Whole Loan Solutions. Via:: Neat …

Read More »

CFPB releases report promoting diversity in mortgage industry

The CFPB released a report today with what it calls innovative solutions for diversity and inclusion within the mortgage industry. The regulator gathered a roundtable of industry experts including the MBA and other bank leaders to discuss the best solutions for increasing diversity. Here are a few of the strategies. Via:: CFPB releases report promoting diversity in mortgage industry       

Read More »

Radian: New mortgage insurance written jumps 25% in first quarter

Radian Group’s new mortgage insurance written jumped 25% in the first quarter 2017, helping drive a strong start to the year. And that isn’t the only area Radian improved. The private mortgage insurer’s total primary mortgage insurance in force increased from last year, while its total number of primary delinquent loans decreased from last year. Via:: Radian: New mortgage insurance …

Read More »

The long journey ahead for tax reform and what it means for housing

Treasury Secretary Steven Mnuchin and White House Chief Economic Advisor Gary Cohn revealed the Trump administration’s tax plan on Wednesday. So what exactly does the industry know so far? Well, for starters, tax reform, including housing-related tax reform, still has a long road ahead. Even with scarce details, housing associations gave their initial assessments of how the tax reform changes …

Read More »