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Regulators opened can of worms with Silicon Valley-Signature rescues -
Yellen touts 'resolute commitment' to stabilize banking sector -
Federal Home Loan banks issued $304 billion to meet liquidity demands -
Republicans want answers on Silicon Valley and Signature failures -
Fed, FDIC officials to testify before Congress on bank failures
- Sep 9-10, 2024|San Diego, CA
With more than a decade of experience in a variety of executive roles at high-growth technology companies, Angus McDonald is the Co-Founder and Chief Executive Officer at Cover Genius overseeing the global expansion and development of Cover Genius across industries.
Before Cover Genius, Angus was the VP of International Business Development at iClick Interactive, and Head of Publisher Partnerships at Yahoo!. Angus has a Bachelor of Science in Mathematics and Computer Science from the University of Technology Sydney and is a passionate contributor to rural and youth wellbeing programs through personal efforts and those of CG Gives, the philanthropic arm of Cover Genius.
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Remax Holdings had net income of $3.7 million, up from $2 million one year prior, but a non-GAAP measure used for the mortgage business showed a near $200,000 increase in losses.
August 9
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The company's mortgage segment, Zillow Home Loans will be its primary emphasis going forward, leaders said in their earnings report.
August 9
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Democrats Ritchie Torres and Gregory Meeks called on the New York Home Loan bank to follow the lead of its peers and use alternative credit scoring models for collateral to improve consumers' access to homeownership.
August 9
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The lender and servicer saw origination volume jump to $6.5 billion as of June 30, up from $3.9 billion the previous quarter.
August 8
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The publicly traded firm is also shoring up its sluggish stock and ramping up marketing efforts.
August 8
Those who raced ahead of the pack of loan originators last year went the distance by offering exceptional customer service, catering to niche pockets of demand in the market.
These are the best of the best, the nation's 50 most productive mortgage originators by dollar volume.
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The revisions also revise how the surplus is calculated to evaluate risk of the bonds used as part of the available asset portion of the capital requirements.
August 22
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If efforts to make AI-based loan decision models less discriminatory degrade accuracy, that is problematic for the entire industry.
August 22
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The 30-year fixed rate mortgage is lingering just shy of 6.5% level, which is not low enough to bring home purchasers back into the market, observers said.
August 22
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"Despite the modest gain, home sales are still sluggish," said NAR Chief Economist Lawrence Yun in a prepared statement. "But consumers are definitely seeing more choices, and affordability is improving due to lower interest rates."
August 22
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The Federal Housing Administration's renovation program parameters hadn't been updated in a decade, faling behind similar products from other providers. The Nov. 4 changes will bring it up to speed.
August 22
