Mortgage Payments news and trends

EarnUp Unveils Text-to-Pay for Mortgage Payments
Payment Methods // May 09, 2024

FinTech-as-a-Service firm EarnUp is enhancing its platform to expand mortgage payment methods. Lenders and servicers using EarnUp’s platform can now enable borrowers to pay via text using their debit cards, the company announced in a Thursday (May 9) news release. The option will give borrowers more flexibility and...

Real-Time Rental Payments Provide Alternative to Outdated Systems
Money Mobility // April 30, 2024

More than 34% of Americans rent their homes, representing billions of dollars in monthly rental payments to landlords and property managers. Despite this large sum, rent payments often rely on outdated and inefficient methods, such as paper checks, wire transfers and other systems, leading to...

Bilt Explores Mortgage Payment Rewards Amid $3.1 Billion Valuation
News // January 24, 2024

Rent payment loyalty platform Bilt Rewards is now a $3.1 billion company. Bilt’s new valuation follows a $200 million equity investment led by General Catalyst, as well as the addition of General Catalyst managing director Ken Chenault and NFL Commissioner Roger Goodell to its board, the company said...

LoanDepot Continues to Restore Business Operations Amid Cybersecurity Breach
Cybersecurity // January 19, 2024

LoanDepot continues to deal with a cybersecurity incident that began Jan. 8. Customers said on social media and forums that they have been unable to access their online accounts, submit mortgage payments or close deals since that time, TechCrunch reported Friday (Jan. 19). “LoanDepot is...

Interviews & Exclusives
Real-Time Rental Payments Provide Alternative to Outdated Systems

April 30, 2024
More than 34% of Americans rent their homes, representing billions of dollars in monthly rental payments to landlords and property managers. Despite this large sum, rent payments often rely on outdated and inefficient methods, such as paper checks, wire transfers and other systems, leading to delays. Many property managers seek to expedite these payments to […]

Paycheck-to-Paycheck Consumers Who Live Alone Have Less Credit Card Debt

August 04, 2023
With inflation still at high levels, Americans continue to rely on their regular paychecks to meet their expenses and financial obligations, with little or no savings left over for unbudgeted...

Report: Whether a Consumer Lives Paycheck to Paycheck Depends on Where They Live

June 01, 2023
Things are tough all over, and six-figure earners are not immune, as prices for fundamentals like food, housing and transportation are causing more high earners to face paycheck-to-paycheck living realities...

85yo Credit Union Morphs Its 50 Branches Into Member-Centric Digital Hubs

August 27, 2021
Consumers conducted nearly everything from their grocery shopping to making mortgage payments virtually over the past 17 months, and their newfound comfort with digital banking features is not likely to...

Quick Reads
CFPB to Examine Mortgage Closing Costs, Rising Junk Fees

May 30, 2024
The Consumer Financial Protection Bureau (CFPB) is investigating junk fees that increase the closing costs on mortgages. Closing costs have risen sharply in recent years, the CFPB said in a Thursday (May 30) news release announcing the inquiry. From 2021 to 2023, median total loan costs for home mortgages increased by more than 36%. In […]

EarnUp Unveils Text-to-Pay for Mortgage Payments

May 09, 2024
FinTech-as-a-Service firm EarnUp is enhancing its platform to expand mortgage payment methods. Lenders and servicers using EarnUp’s platform can now enable borrowers to pay via text using their debit cards, the company...

Bilt Explores Mortgage Payment Rewards Amid $3.1 Billion Valuation

January 24, 2024
Rent payment loyalty platform Bilt Rewards is now a $3.1 billion company. Bilt’s new valuation follows a $200 million equity investment led by General Catalyst, as well as the addition of General Catalyst...

LoanDepot Continues to Restore Business Operations Amid Cybersecurity Breach

January 19, 2024
LoanDepot continues to deal with a cybersecurity incident that began Jan. 8. Customers said on social media and forums that they have been unable to access their online accounts, submit...