Scaling from Freelancer to Business Owner

Kind Lending has big plans to grow its retail channel and is signaling this by putting industry veteran Tammy Richards in charge of the operations. View the full article

The Connecticut bank said its newly minted president, Steven Sugarman, successfully led a private placement and signed a long-term employment agreement that makes him a potential CEO. David Lowery, current chief executive of Patriot, plans to step down in April. View the full article

The head of operations at the Federal Housing Finance Agency and two C-suite leaders at the government-sponsored enterprise are out, according to Semafor. View the full article

The institution has been downsizing its portfolio to address deposit runoff as it has shed fintech exposures and worked to gain release from a consent order. View the full article

While ending mandated consumer rights, lenders can still ask for a reconsideration of value on FHA loans; plus, fair lending laws still apply in these cases. View the full article

The Federal Reserve governor voted against the decision to slow the pace of balance sheet reduction earlier this week, preferring to allow the current pace of reduction. View the full article

These mortgages held by low credit score borrowers, made up 90% of the rise in the number of loans 30 days or more late on payments, ICE Mortgage Tech said. View the full article

Effective March 18, the department is retracting eligibility for non-citizens, it announced. View the full article

Over 100,000 loans for first-time home buyers have been pooled and securitized in issuances this year, the guarantor of government-backed loans said. View the full article

The Consumer Financial Protection Bureau has rehired more than 100 fire employees, but the union claims dozens of employees have not been reinstated in violation of a federal court order. View the full article

A recent American Bankers Association survey showed improvement since 2022, but overall scores are still lower than in 2020 and gaps widened between providers. View the full article

Wall Street is weighing in on the possible fate of home loan giants Fannie Mae and Freddie Mac, after a fleeting suggestion by Treasury Secretary Scott Bessent earlier this week that the government's stakes could eventually become part of the proposed US sovereign wealth fund. View the full article

Digital Insurance spoke with Jonathan Collura, president and CEO of Specialty Risk RE, about how reinsurers could stabilize the home insurance market in areas affected by natural disasters. View the full article

Recruiting veterans urge originators to track their future employer's pricing for a longer period of time, and to seek more details about the firm's culture. View the full article

The so-called spec home, a spin on the American dream home with standardized color schemes and toilet fixtures, is falling out of favor with some US builders. View the full article

Sales of so-called social bonds, which direct proceeds to areas like health, housing and education, jumped about 130% to $657 billion globally last year, and continued at a similar pace in the first quarter. View the full article

The new name Cotality, along with its latest tag line, reflects its role in serving and uniting the entire property ecosystem, company executives said. View the full article

Trade groups representing banks and utilities urged lawmakers to reauthorize the CISA law before it expires in September. View the full article

Bostic now sees price growth returning to the Fed's 2% goal at some point in early 2027. View the full article

Acting Comptroller Rodney Hood discussed using fintech to evaluate self-employed borrowers' creditworthiness, saying alternative credit models could promote financial inclusion. View the full article