The mortgage industry's digital transformation is revolutionizing the home buying experience and upending the status quo for lenders and servicers. The Digital Mortgage Conference is the premiere event exclusively dedicated to these developments, bringing over 1,500 professionals to Las Vegas on Sept. 17-18 for keynote speakers, panels and the main attraction: live product demos showcasing the latest mortgage innovations.
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Under settlements with the SEC, Wells Fargo and BNP Paribas will pay millions of dollars in penalties for employees using unofficial communications like WhatsApp. In all 11 firms agreed to pay penalties, while the CFTC took separate actions.
August 8
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Firms that had ratings cut included M&T Bank, Webster Financial, BOK Financial, Old National Bancorp, Pinnacle Financial Partners and Fulton Financial.
August 8
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The cohort is outperforming the broader market — up more than 50% year-to-date versus the S&P 500's 18% gain.
August 8
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The number of loan officers sponsored by the company has dipped by more than half to 169 originators from June to July, per NMLS. More are said to be leaving.
August 8
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Denver-based Proprietary Capital, who offers a platform for institutional investors seeking returns from mortgage-related assets, agreed to purchase the New Jersey-based lender as it seeks to increase the number of opportunities it offers.
August 7
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The real estate investment trust declined to comment on its bid to buy Western Asset Mortgage Capital, a company that received a sweetened competing offer from Terra Property Trust last week.
August 7
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Negotiations are ongoing, but the legal move ends the restraining order trial in federal court scheduled for Aug. 14.
August 7
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Patti Clement, CPRIA, is executive vice president of high net worth personal insurance at HUB International.
August 7
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Robert Sandrew is the chief growth officer atIntegrated Partners , a national financial planning and registered investment advisory (RIA) firm. His focus is on finding the right fit for advisors looking for a new home and bringing the right kind of talent into the Integrated Partners organization.August 7
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Lenders including Goldman Sachs Group Inc. and JPMorgan Chase & Co. have been trying to sell debt backed by offices, hotels and even apartments in recent months, but many are finding that tidying up loan books is no easy feat when concerns about commercial real estate have surged.
August 7
