Tim Mayopoulos News Today

Roam enables buyers to secure mortgage loans starting at 2%, leading to a monthly payment that is less than half of what a traditional mortgage demands today.

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Loan assumptions, which let a home buyer essentially take over a seller’s mortgage, are hard to find and hard to pull off.

In theory, any government-backed FHA, VA and USDA loan is assumable, and with mortgage rates at levels not seen in two decades, interest in this little-used option has been growing.

New York-based mortgage platform Roam has secured a $1.25 million seed round, allowing the company to officially launch its services on Wednesday.

In an environment of historic high mortgage rates, Roam says it can help buyers secure less expensive homes with cheaper monthly payments.

Blend Reports Second Quarter 2021 Financial Results SAN FRANCISCO, Aug. 19, 2021 -- Blend Labs, Inc. , a leader in cloud banking software, today announced...

Late on Monday night, Silicon Valley Bank’s customers unexpectedly got an email in their inboxes from the bank’s new CEO, Tim Mayopoulos, claiming that the institution was not only open but also conducting business as usual. The email, which TechCrunch got from various sources, stated that Silicon Valley Bank, N.A. was open and operating normally. …

The new Silicon Valley bank CEO, Tim Mayopoulos, assured customers that the bank would operate as usual while combating the recent crisis.

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