Digital Mortgage Direct Page

The lawsuit alleges the Pennsylvania-based lender also attempted to solicit and induce other franchisees to leave.

One year after the Federal Reserve started frantically raising interest rates, the collapse of Silicon Valley Bank answered what had become perhaps the hottest question on Wall Street: When is something going to break?

Tim Mayopoulos, who led the government-sponsored enterprise for six years following the Great Recession, will oversee the FDIC-created entity intended to protect Silicon Valley Bank depositors.

Rates on the 30-year fixed rate mortgage rose during the month, but purchase borrowers using jumbo loans drove activity higher compared with January, Black Knight said.

Chris Stanley is the Founding Principal of Beach Street Legal LLC, a law practice and compliance consultancy whose sole purpose is to help entrepreneurial investment advisors and financial planners succeed. He strives to provide simple, practical counsel to those in the fiduciary community and to keep that community ahead of the regulatory curve.

Having lived through past downturns allows experienced leaders to keep employee engagement high as the mortgage business faces its first rough cycle in over a decade.

President Joe Biden said that deposits at U.S. banks are safe following swift action from his administration's bank regulators.

Three years after many employees left the office, no standard remote employment rule has stuck.

The FDIC named Greg Carmichael, who retired last year as CEO of Fifth Third Bancorp, to run a bridge bank that will hold Signature's deposits and most of its assets.