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  • TD Bank: Med School Debt Makes Home Buying Difficult
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    Around 25 percent of medical doctors who own homes say their student debt made buying a home more difficult, according to a new survey by TD Bank. Of those that don’t own a home but plan to buy one, one in six are worried that student debt will make the… Read more »
  • U.S. Bank to Implement Black Knight Servicing Platform
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    U.S. Bank, the fifth largest commercial bank in the U.S., will implement Black Knight’s Servicing Digital solution. The web solution delivers detailed, timely and highly personalized loan information to the bank’s mortgage customers about their loans and delivers “what-if” simulators and tools to show how wealth can be built from these… Read more »
  • First Quarter Good Time to Buy Home: Realtor Survey
    More Americans believe that now is a good time to purchase a home. Consumer opinions about home buying bounced back in the first quarter of 2019, with 37 percent stating that they strongly believe now is a good time to buy, up from 34 percent in the last quarter of… Read more »
  • Kroll: M&A Deals Are Slow to Materialize
    Although the time is ideal for mergers and acquisitions between mortgage lenders there was just one large deal and a handful of small deals. The BB&T Corp.’s acquisition of SunTrust Banks Inc. creates the ninth largest mortgage lender in the U.S. with a 2.3 percent market share, according to the… Read more »
  • OCC Hits Citibank with $25M Fine for Fair Housing Act Violations
    The Office of the Comptroller of the Currency assessed a $25 million civil monetary penalty against Citibank for violations of the Fair Housing Act. The OCC determined that the bank lacked proper control over the Relationship Loan Pricing program– designed to provide eligible mortgage loan customers either a credit to… Read more »
  • Fidelity National Launches Digital Title Closing Capability
    Fidelity National Financial has launched its digital title closings capability. Developed in partnership with Black Knight Inc. this new closing experience supports both hybrid and digital closing options and is integrated with FNF’s title production systems. Designed to digitally engage homebuyers and sellers in the process well in advance of… Read more »
  • KS StateBank Licenses Marketing Platform for Originators
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    KS StateBank has licensed the Total Expert Marketing Operating System to centralize marketing efforts and streamline the customer experience. It provides the capability for originators to track interactions with customers, prospects and partners. KS StateBank has branches in Kansas and Arizona. Valencia: APIs and integrations allowed the bank to personalize… Read more »
  • AI Developer Unveils Tool to Reduce Bias, Discrimination
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    ZestFinance, a developer of artificial intelligence software for consumer credit, launched ZAML Fair, a new  tool designed to reduce bias and discrimination in lending. Several mortgage lenders have already tested the ZAML Fair algorithm, and based on those results, ZAML Fair would eliminate 70 percent of the gap in mortgage… Read more »
  • Consumer Defaults Stable in February, Notes S&P-Experian
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    The S&P-Experian Consumer Credit Default Indices, which measure changes in consumer credit defaults, show that the composite rate rose two basis points from last month to 0.92 percent. The first mortgage default rate was one basis point higher at 0.70 percent. The bank card default rate rose six basis points… Read more »
  • Brickstone Partners, Deutsche Recapitalize Student Housing
    Brickstone Partners and Deutsche Finance America have recapitalized of The Lodge at Boulder, a 220-unit, 355-bedroom student housing complex near the University of Colorado campus in Boulder. Brickstone Partners purchased The Lodge property more than three years ago and began large scale renovations of many of the units and common… Read more »
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