Fiserv Inc., Brookfield, Wis., has announced the completion of its acquisition of General American Corp., a provider of real estate settlement services to the lending industry.The terms of the deal were not disclosed. GAC operates in two divisions: GAC Direct and GATORSystems. GAC Direct, which provides the majority of the company's revenues, is a settlement services provider to financial institutions and realty firms nationwide. Its services are delivered over an Internet gateway connected to three national processing centers. Fiserv said. The GATORSystems division licenses technology systems and software to settlement service providers. Fiserv can be found on the Internet at www.fiserv.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.
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The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.
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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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