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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Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
June 18 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Economic uncertainty and higher rates in May contributed to the second decline in applications for new homes on an annual basis, reversing March gains
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