LoanPros.com, Huntington Beach, Calif., is offering a $1 million prize to the first person who can bring in a certified extraterrestrial being to apply for a home loan.The company said the idea was inspired by an ABC News documentary, "The UFO Phenomenon -- Seeing Is Believing," broadcast on Feb. 25. "We believe the existence of extraterrestrials is real and we want to do whatever we can to promote government disclosure -- but it's also a good promotional idea," said Wayne R. Goldman, president of LoanPros.com. "The prize is real and we will stand behind it." Among the criteria that would have to be satisfied is that the extraterrestrial must be able to sign its name on the loan documents, Mr. Goldman said. The company can be found online at http://www.loanpros.com.
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Transunion will offer the credit scoring model for $4 in 2026, following previous moves made by VantageScore partners Experian and Equifax.
October 18 -
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
October 17 -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regulators also accused Southern California-based E Mortgage of failing to properly supervise remote employees and cooperate with their examinations.
October 17 -
While borrowing activity increased from a year ago, seasonal patterns and economic concerns suggest near-term slowing, the Mortgage Bankers Association said.
October 17 -
Solve stages an acquisition, Intercontinental Exchange partners on new indices, Optimal Blue adds updates and Incenter offers a CRA loan trading platform.
October 17