Thomas Murphy has been named executive vice president and chief information officer of Arbor Commercial Mortgage LLC, Uniondale, N.Y.Arbor said Mr. Murphy, who has more than 25 years of experience in the information technology field, was most recently CIO at Titleserv Inc., an electronic real estate title and settlement services company. He has also held positions at Bank America Mortgage, Lending Solutions Inc., and First Boston Capital Group, among other companies. Mr. Murphy also held the CIO position at Arbor earlier in his career.
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Regulators specifically called out Academy's directors for their failure to properly oversee operations and conduct audits in a consent order.
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A shareholder suit says executives are responsible for stock losses in failing to disclose behind-the-scenes moves related to the ill-fated Two Harbors deal.
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Retail sales fell 0.6% in July despite a World Cup bump and the University of Michigan's consumer sentiment index declined to cap off a pivotal week of economic indicators.
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The six underwriters did 17% more business versus the second quarter of 2025, with earnings per share estimates increased for four of them as a result.
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The structure contains seven tranches of class A notes, including two tranches for first cash flow and last cash flow, both initially exchangeable.
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Wealthfront's digital-first home lending unit is now live in its largest client market, targeting rates 50 basis points below the national average
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