Newrez announces plan for crypto in originations
Cryptocurrency development in the mortgage industry has accelerated in no small part from easing regulation and a push from FHFA Director Bill Pulte.
Technology
Why 2026 could be the mortgage industry’s reset year
Our experts expect a mortgage market reset in 2026 with an uptick in originations, but warn lenders not to skimp on compliance even as the reins loosen.
FICO upgrades its cash-flow-powered score with real-time data
The credit score firm partnered with Plaid to bring additional cash-flow data into its previously released UltraFICO score.
Fed’s Jefferson urges proceeding ‘slowly’ with monetary policy
Federal Reserve Vice Chair Philip Jefferson said that as interest rates have moved toward a more neutral level, "it makes sense" now to proceed with caution.
Fed Gov. Barr says AI may cause ‘dislocations’ in labor force
Michael Barr said he believes artificial intelligence will have a positive long-term impact on the economy, though it may cause job losses in the short term.
Upstart stock drops as AI model ‘overreacts’ to macro signals
Despite record loan applications, Upstart's AI pulled back, causing a revenue miss and raising "incremental uncertainty" about its core underwriting model.
Finance of America reports 3Q loss, nine-month profit
Home price modeling changes hurt FOA's third-quarter interim results but it was in the black between January and September on a continuing operations basis.
Compass Datacenters raises $326 million from five buildings
In terms of asset fundamentals, the high-quality tenant committed to a 15-year lease with maturity dates through various end dates in 2040. That includes 2.0% annual rent increases.
Data center operator Switch raises $659 million through master trust
Switch has a large national network of data center properties, with more than 700 patents and patents pending for designs and operations in the space.
FHFA seeks comment on new strategic plan for GSEs
The head of the government-sponsored enterprises' oversight agency also asked existing investors to review risk factors as officials eye a new public offering.
Equifax slashes VantageScore price to undercut FICO
Equifax will hold costs for scores from FICO rival Vantagescore through 2027 and offer other incentives meant to drive adoption of the alternative metric.
FICO’s new pricing program met with cautious optimism
The credit scoring agency's rollout comes after years of criticism from home lenders over its prices, with delivery costs rising over 40% in the past year.
Bank of America to pay $5M in securities manipulation case
The U.S. Department of Justice declined prosecution after BofA Securities self-reported the violations and fixed major compliance gaps.
Auto lending fintech Lendbuzz files for IPO
The AI-powered auto lender is the latest fintech to debut an IPO in recent months, even as a different auto lender filed for bankruptcy this week.
DataHoldings ready to sell $1 billion in data center-related ABS
HYPER 2025-1 is DataBank Holdings' first hyperscale data center securitization, secured by the data centers in Virginia, Georgia, and New York.
FIS and Napier Park’s long-time partnership bears tech fruit
Strategically introducing AI bolsters FIS' value added services, and improves clients' scalability and decision-making.
By
John Hintze
Laura Elliott moves into president seat at InspereX
Elliott will advance the firm's strategic initiatives and business development initiatives and ensure that customer experiences are seamless.
Centersquare sells another $815 million in notes to investors
Data centers across 20 markets will provide the revenues to support the notes. Also, the largest customer accounts for 6.5% of annualized monthly recurring revenue (AMRR).
Treasuries go 24-7 as repo trade hits blockchain on a Saturday
Canton, a public blockchain developed by Digital Asset Holdings, allowed a standard US Treasury repurchase agreement, or repo trade, to happen outside of normal market hours.
TD Securities leads CA$320 data center deal
The data center's highly rated tech-firm tenant remains a mystery.
By
John Hintze
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