Gen digital director Ondrej Vlcek sells $1.38 million in shares

A performance measure for Federal Housing Administration-insured loans improved markedly in the past month, according to the latest numbers from Intercontinental Exchange’s mortgage technology unit. Processing Content New FHA defaults were down 15% over the previous year’s levels in June, marking the biggest decline in more than four years and potentially giving servicers more bandwidth…

The artificial intelligence (AI)-driven app, founded in 2019 by former Goldman Sachs bankers Jinesh Vohra and Saad Hashim, Sprive, has secured £7.7m in a Series A funding round. The app allows users to earn cashback on everyday spending and automatically use those rewards to make mortgage overpayments. It also scans the market for remortgage…

While some news stories suggest that rates are the highest in 11 months today, that’s not quite true. The highest rates of the year were seen on July 13th and May 19th when our 30yr fixed index hit 6.75%. The index was at 6.68% today, up from 6.64% yesterday. Any news regarding “highest rates since…

Darrell Walker has been appointed managing director of mortgages at LendInvest to lead the division through a phase of growth. He joins from challenger buy-to-let (BTL) lender Chetwood Bank, where he worked for around three years, most recently as group sales director for its brands ModaMortgages and CHL Mortgages.  Walker’s appointment comes shortly after LendInvest announced record lending of…

“The strongest argument for claiming benefits earlier goes beyond the traditional break-even analyses.”

Stablecoins and tokenized deposits can look deceptively similar from the perspective of a corporate user. Both can represent dollars digitally. Both can potentially settle around the clock. Both can support programmable transactions and operate across blockchain-based infrastructure. But economically, they are different products. And banks are starting to figure that out. JPMorgan, for example, is…