The founder of merger-and-acquisition firm RJ Easton and mortgage M&A specialist StartBank has combined the two companies, citing the aim of enabling them to work together more closely as a global entity."The two top advisory firms will now operate as a united force going forward under the more widely recognized marquee RJ Easton," said Richard Easton II, founder and chief executive officer of both companies. As a result of the move, StartBank chief operating officer Richard Feldman will become chief operating officer and senior managing director of the combined enterprise and will oversee worldwide advisory operations for RJ Easton. In conjunction with the merging of the two firms, RJ Easton has also launched a newly revised website that Mr. Easton said utilizes the latest in Flash technology. RJ Easton can be found on the Web at http://www.rjeaston.com.
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The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
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NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
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Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
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The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
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Though the crimes occurred earlier this decade, they highlight how much easier it has become to create false documents today, given the rise of artificial intelligence.
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The "stay-put" economy, along with higher mortgage rates, is responsible for this shift where home equity and seconds have a 17.5% market share, Benutech found.
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