Frank Elderson: Fireside chat

Conference Call Participants Joseph Vruwink – Robert W. Baird & Co. Incorporated, Research DivisionBrian Peterson – Raymond James & Associates, Inc., Research DivisionHoi-Fung Wong – Oppenheimer & Co. Inc., Research DivisionRyan Powderly-Gross – Barclays Bank PLC, Research DivisionAlexei Gogolev – JPMorgan Chase & Co, Research DivisionDavid Windley – Jefferies LLC, Research DivisionRishi Jaluria – RBC…

Mortgage borrowers are increasingly approaching advisers with a clearer idea of what they can afford, rather than focusing solely on the maximum amount they may be able to borrow, brokers have said. Chris Sykes, co-founder of MSP Financial Solutions, said that, over the last few years, borrowers have shifted from asking, “what’s the maximum…

The next wave of technology solutions for lenders is using artificial intelligence to significantly speed up workflows and supercharge loan officers’ capacities.  Twenty mortgage companies vying for a $10,000 grand prize last week at the Digital Mortgage tech showcase highlighted their unique uses of AI to automate the loan lifecycle and promote newer and faster…

By Melissa Shin and Christine Dobby (Bloomberg) — CIBC beat estimates on better-than-expected results from its capital markets and retail banking units, extending a strong quarter of results for Canadian lenders. CIBC earned $2.73 a share on an adjusted basis in its fiscal third quarter, according to a statement, more than the $2.53 average analyst…

Mortgage rates moved higher again on Tuesday as the bond market continues recalibrating expectations for Fed policy, economic growth, and inflation. The weakness is especially frustrating considering a fairly large drop in oil prices today, but as we discussed yesterday, rates have a lot more on their mind than oil these days. Our top-tier 30yr…

Key insight: The OCC released three conditional approval decisions for digital asset-focused companies seeking national trust bank charters. Expert quote: “All three are trying to bring digital asset and stablecoin-related activities under a federal framework without becoming traditional deposit-taking banks.” Javelin’s Joel Hugentobler Forward look: The conditional approvals bring the firms under the supervision of…