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Blue Sage Solutions launches digital servicing platform

Housing Wire

Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology. Founded in 2011, the company is headquartered in Englewood Cliffs, New Jersey.

Retail 348
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David Stevens, former FHA Commissioner and MBA President, has died

Housing Wire

Dave and his wife Mary were instrumental in the 2011 creation of the MBA Opens Doors Foundation, which has helped more than 16,000 families with crucially ill or injured children stay in their homes while their child is in treatment.” Stevens oversaw FHA programs for single and multifamily housing for two years.

Finance 455
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Supreme Court rejects challenge to CFPB funding structure

Housing Wire

Supreme Court on Thursday rejected a broad challenge to the funding mechanism of the Consumer Financial Protection Bureau (CFPB), which was brought by payday lending groups led by the Community Financial Services Association of America (CFSA). This is a developing story.

Law 361
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Rohit Chopra shakes up leadership at CFPB

Housing Wire

The agency said that the four senior roles will be filled by a Biden campaign alum, two former Obama-era CFPB officials and a long-time Bureau official with a fair lending expertise. Previously she was the White House liaison for the Department of Housing and Urban Development. This content is exclusively for HW+ members.

Legal 351
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American Financial Network to pay $1M fee to resolve fraud allegations

Housing Wire

Department of Housing and Urban Development (HUD), and the U.S. The whistleblower claimed AFN knowingly underwrote certain FHA mortgages and approved for some mortgage insurance that didn’t meet FHA requirements or qualify for insurance between December 2011 and March 2019. AFN did not respond to requests for comment. “By

Insurance 312
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Quicken brand will be officially retired on July 31

Housing Wire

Five years after introducing the Rocket Mortgage brand for digital lending, Rocket Companies will finally retire the legacy Quicken name on July 31. “More than 20 years ago, Dan Gilbert, our founder and chairman, had a vision of putting the entire mortgage process online to simplify the lending experience and add more transparency.

Lending 371
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Freddie Mac appoints new team to address housing equity

Housing Wire

Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. Perry joined Freddie Mac in 2011 to oversee the company’s fair lending program. She previously advised on solutions for complex corporate finance transactions with firms such as JPMorgan Chase.

Investors 523