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‘It’s scary out there’: Mortgage industry reacts to cyberattacks

Housing Wire

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. According to the tech leader, “it feels like there’s a target on mortgages,” which makes sense considering the types of data and documents these companies deal with.

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Opinion: From Lehman to a digital housing platform

Housing Wire

The great financial crisis (GFC) revealed a defective supply chain, metrics unable to assess local risk and markets incapable of answering Ben Bernanke ’s defining question – “what’s this stuff worth?” Investors require assurance that a file, note or instrument reflects the verifiable intentions of the committed parties.

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Opinion: A merger to rewire the housing ecosystem

Housing Wire

The most likely outcomes include: Lenders: Fewer than 50 mortgage lenders will transition to a federated model that enforces the controls necessary for secure cross-industry interoperability. Investor expectations will change, and government entities will attempt to coordinate their response.

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Why it’s time for the housing industry to get serious about climate risk

Housing Wire

And yes, this certainly has had an impact on insurance companies from coast to coast, as we’ve seen insurers retreat en masse from states such as California , Florida , and Texas , which have all seen record losses in recent years from wildfires, earthquakes, hurricanes, severe winter storms, sinkholes, and more.

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Opinion: What the ICE-Black Knight merger means

Housing Wire

Many industries began to deploy electronic supply chains in the 1980’s. Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. It entered real estate in 2012 after buying DebtMarket, an exchange for distressed home debt.

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Rumors of Credit Suisse’s death are greatly exaggerated  

Housing Wire

Switzerland-based global lender Credit Suisse Group AG had a rough start this week after its stock was beaten down by 11%, the value of its riskiest debt fell more than 10% and the cost of purchasing derivatives insuring against the bank defaulting rose sharply. residential mortgage-backed securities (RMBS) operations.

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Investor + Flippers Guide to FHA Flipping Guidelines

Listing Spark

The FHA has insured over nine million mortgages since 2009 , and as home prices have climbed higher than ever in the past three years, many prospective homeowners are turning to FHA loans due to the increased assistance and down payment requirements. Later in this article, we’ll explore some potential approaches in more detail.