Federal Housing Finance Agency

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Global Banking Outlook

Posted: January 24th, 2017 | Permalink

The Fed and Fiscal Policy

“How does the Fed take fiscal policy into account in its planning?” asked Ben Bernanke. “What explains the large difference between the reactions of the Fed and the markets to the change in fiscal prospects since the election?”


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Posted: January 15th, 2017 | Permalink

25 Startups Transforming The Mortgage Industry

CB Insights wrote:

To better understand the startups in the nascent but growing mortgage tech space, we used the CB Insights database to identify 25 startups transforming the mortgage industry. Companies in our mortgage tech market map span workflow tools that help process loans faster, marketplace lenders, direct-to-consumer digital lenders, analytics tools on loan performance and credit scoring, mortgage brokers, and auction sites.

Insert mortgage tech market map:  https://cbi-blog.s3.amazonaws.com/blog/wp-content/uploads/2016/12/GRAPHIC_MortgageTech_12.2016.png

Mortgage Processing/Workflow Software: Companies here enable lenders to improve their workflow by helping them organize and track documents in the mortgage process. The most well-funded company in the category is Blend Labs which has raised roughly $42.5M in disclosed funding from investors like Lightspeed Venture Partners, 8VC, and Founders Fund, among others.

Marketplace Lending: The startups in this category include lending unicorn SoFi, which began as a student loan-focused marketplace but has since expanded to mortgages. SoFi has raised more than $1.6B in disclosed funding from investors like SoftBank Group and Renren Lianhe Holdings, among many others.

Digital Lenders: Companies include Better Mortgage which acts as a direct lender to consumers looking to access mortgage loans. Better Mortgage has raised roughly $30M in funding from investors like IA Ventures and Goldman Sachs, among others.

Digital Mortgage Broker: The category is comprised of companies that connect consumers to the best mortgage possible by assessing various characteristics of the consumer. The digital brokers are able to surface the loans by connecting with a variety of lenders. Habito, which raised roughly $2.2M in funding from Mosaic Ventures and Yuri Milner, is one of the six companies in the category.

Analytics: The section includes companies that provide loan performance analytics as well as credit scoring tools. LoanLogics is one of the companies in the category and raised $10M in growth equity from Blue Cloud Ventures and Volition Capital in March 2016.

Mortgage Auction Site: Mortgage auction site Loan Dolphin, a platform where banks and brokers compete to provide the best loan, has raised $920K in financing from H2 Ventures and Barry Lambert.

 

Mortgage Tech Company List

   

Company

Category

Select Investors

Habito

Digital Mortgage Broker

Mosaic Ventures and Yuri Milner

Trussle

Digital Mortgage Broker

Entrepreneur First, LocalGlobe, Seedcamp, and Zoopla

Morty

Digital Mortgage Broker

Barclays Accelerator

uno

Digital Mortgage Broker

Westpac Group

Sindeo

Digital Mortgage Broker

New Ground Ventures and Renren Lianhe Holdings

Lenda

Digital Mortgage Broker

500 Startups, China Growth Capital, Rubicon Venture Capital, Structure Capital, and Winklevoss Capital

Blend Labs

Mortgage Processing/Workflow Software

8VC, Allen & Company, Andreessen Horowitz, Conversion Capital, Founders Fund, Initialized Capital, Lightspeed Venture Partners, Thrive Capital, and SV Angel

Wisor

Mortgage Processing/Workflow Software

Barclays Accelerator

Cloudvirga

Mortgage Processing/Workflow Software

Dallas Capital Management and Upfront Ventures

Roostify

Mortgage Processing/Workflow Software

Colchis Capital and Wells Fargo Startup Accelerator

Maxwell

Mortgage Processing/Workflow Software

10K Investments, Cantos Ventures, MATH Venture Partners, Sovereign’s Capital, Techstars Ventures, and Zelkova Ventures

Lenovium

Mortgage Processing/Workflow Software

Nordea Startup Accelerator

MortgageHippo

Mortgage Processing/Workflow Software

Socialatom Group

LendSnap

Mortgage Processing/Workflow Software

Alchemist Accelerator and Y Combinator

loanDepot.com

Digital Mortgage Lender

Parthenon Capital Partners

LendInvest

Digital Mortgage Lender

Atomico, Kunlun Worldwide, and Macquarie Group

Better Mortgage

Digital Mortgage Lender

1/0 Capital, Goldman Sachs, IA Ventures, KCK Group, Moderne Ventures, and Pine Brook

Clara

Digital Mortgage Lender

Redpoint Ventures, Slow Ventures, and Venrock

Eave

Digital Mortgage Lender

Bessemer Venture Partners, Cue Ball Capital, and MetaProp

LendingHome

Marketplace Lending

Cowboy Ventures, Foundation Capital, Renren Lianhe Holdings, and Ribbit Capital

SoFi

Marketplace Lending

SoftBank Group and Renren Lianhe Holdings

Landbay

Marketplace Lending

Omni Partners and Zoopla

LoanLogics

Analytics

Ben Franklin Technology Partners, Blue Cloud Ventures, Glenville Capital Partners, Mid-Atlantic Angel Group, Robin Hood Ventures, and Volition Capital

Credit Sesame

Analytics

Camp One Ventures, Globespan Capital Partners, IA Capital Group, Inventus Capital Partners, Menlo Ventures, Plug and Play Ventures, and Syncora Alternative Investments

Loan Dolphin

Mortgage Auction

Barry Lambert and H2 Ventures

 

Source:

CB Insights Blog
January 6, 2016
 

Posted: January 15th, 2017 | Permalink

Eurozone Blues

“I’m worried about the Eurozone…. I’m in favor of perfecting the [EU]—I think going backwards is really really hard.”

 


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Posted: January 13th, 2017 | Permalink

Key Issues to Watch in the 115th Congress

On March 15, ...the debt ceiling will snap back into place at the level of debt outstanding on that date. The U.S. Treasury will likely utilize “extraordinary measures” to keep the federal government liquid until late spring or early summer, which raises the likelihood that the debt ceiling will be lumped together with the FY 2017 funding debate. 


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Posted: January 5th, 2017 | Permalink

FHFA's 2017 Scorecard for Fannie Mae, Freddie Mac and CSS

“The 2017 Scorecard will guide Fannie Mae, Freddie Mac and Common Securitization Solutions ...to build on the progress that has been made over the years in meeting the goals set forth in our Conservatorship Strategic Plan,” said FHFA Director Mel Watt. “The goals and initiatives contemplated in the Scorecard strike what we believe is an appropriate balance between ensuring that these entities operate in a safe and sound manner while continuing to ensure that the housing finance market remains liquid and supports housing access for homeowners and renters.”


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Posted: December 19th, 2016 | Permalink