American Capital Strategies Ltd. has entered into an agreement to act as an equity partner and majority shareholder of eLynx Ltd., a Cincinnati-based provider of secure electronic document delivery services to the mortgage industry.According to the agreement, eLynx will retain its name, corporate identity, and current staff and continue to operate from its Cincinnati headquarters. "This partnership provides eLynx with the financial strength and business resources to broaden our service offerings and continue our growth," said Phil Huff, chief executive officer and co-founder of eLynx. According to ACS managing director Robert Klein, the company will "work with eLynx so that it has the resources to develop products and services in advance of customer needs." eLynx can be found on the Web at http://www.elynx.com.
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One-time Rocket exec Mike Fawaz founded brokerage and tech firm Origna8 with his former adversary's backing, which both say will enable it to quickly scale.
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Federal Reserve Chair Jerome Powell told reporters Wednesday that he would remain on the Fed board after his term as chair expires next month, resolving the last and most significant open question about his departure and the onset of Kevin Warsh's leadership at the central bank.
April 29 -
President Biden had issued a rule in 2024 requiring newly constructed homes to abide by an energy mandate to be eligible for FHA- or USDA-backed mortgages.
April 29 -
Eligible purchases with the Better Home Equity Card, which lets homeowners instantly spend funds drawn from a home equity line of credit, earn 1% cashback.
April 29 -
Kevin Warsh's nomination to be the next chair of the Federal Reserve passed through the Senate Banking committee in a party-line vote.
April 29 -
Using a non-GAAP measurement, the real estate investment trust, preparing to be bought by CrossCountry, reported a $25 million loss for the first quarter.
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