Franklin Credit Management Corp., once an active bidder in the non-performing loan market, has received notice from the NASDAQ that its common stock will be delisted on Monday, November 3. The NASDAQ Hearings Panel recently rejected Franklin Credit's request for continued listing. The company said that going forward it expects its common stock to be quoted on the "pink sheets." Franklin also services performing, sub-performing and "scratch and dent" loans.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
