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Freedom accuses former executive of stealing trade secrets

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Freedom Mortgage filed a lawsuit against a former executive, accusing him of stealing trade secrets from proprietary software development and using them to design and sell his own artificial intelligence-backed loan-origination system.  Processing Content The suit, which was filed last week in federal district court of Eastern Michigan, also claims Brian Sweet, Freedom’s former senior […]

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Kyle Bass of Refi.com

Many borrowers still want to refinance their homes

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Despite higher-than-expected interest rates this spring season, many borrowers are still interested in refinancing their homes. Processing Content One-third of homeowners responding to a 1,000-person survey say that they are currently refinancing or likely to refinance in the next two years, according to Refi.com. Many borrowers are locked into low rates post-pandemic and lack the

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Housing bill sails through Senate, cruising toward passage

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Key insight: A bipartisan housing bill aims to open up funds for local housing projects, especially in the manufactured housing space.  What’s at stake: The bill also includes a handful of community bank riders, including measures related to regulatory treatment of brokered and custodial deposits.  Forward look: The housing bill will now head to the

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