Small-business owners will be given the option to tap into anywhere from $50,000 to $500,000 in financing.
Three top executives, including CEO Kevin McMahon, left the company in the days following its sale to Constellation Software.
The $16 billion Champion Mortgage portfolio sale follows Ocwen Financial’s purchase of different assets from MAM a few weeks prior.
Steven B. Goldman is a senior lecturer at MIT and director of the Crisis Management & Business Resiliency and Advanced Business Resiliency courses. He is also an adjunct faculty member at Harvard University, where he lectures on Crisis and Risk Communications, and directs the Radiological Emergency Management program.
Sandra Galletti is the assistant director of MIT's Crisis Management & Business Resiliency and Advanced Business Resiliency courses. She also serves as head of operations and resilience at Tidona Comunicazione in Milan, Italy.
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The software firm will employ Wolters Kluwer's technology that allow it to offer hybrid closings as well as remote online notarizations through its platform.
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The Detroit company intends to pay at least $1.9 billion of the servicer's senior notes due through 2028, and could cover another $3 billion due through 2032.
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The new notes redeem older ones issued in 2018 and address the kind of near-term obligation that analysts have monitored closely at nonbank mortgage firms.
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The defunct Trident Mortgage, whose obligations were handled by Home Services of America, was accused of "systemic racism" in lending around Philadelphia.
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Acting Comptroller of the Currency Rodney Hood signals rollback of key safeguards like the supplemental leverage ratio, aligning with administration's push to ease bank capital demands and spur credit.
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Signs are emerging that the Trump administration may be less willing to give up control of mortgage giants Fannie Mae and Freddie Mac than investors have bargained for, as policymakers scrounge for ways to close US budget gaps.
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Fraudsters are looking for easy targets, because once a technology scam is detected the banking industry will quickly take action to thwart future instances by patching up network defenses.
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In todays multifaceted lending environment lenders need to use sophisticated loan servicing systems that support multiple business channels and adapt to ever-changing industry rules and regulations.
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A recent vacation reminded Brad Finkelstein about the benefits of having a good credit profile.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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