GMAC-RFC Insurance Claims Services and Fidelity National Information Services Inc.'s Field Services division have announced a strategic alliance to jointly promote their services.GMAC-RFC Insurance Claims helps financial institutions optimize the property insurance claims recovery process to generate higher recoveries for clients. FIS Field Services is a provider of asset inspection and preservation services to financial institutions around the world. "The marketplace needs another competitive solution that will enable financial institutions and other real estate investors to optimize their insurance claims recovery process, repair homes faster, and minimize reputational risk between the financial institution and its borrowers," said Ron Reitz, vice president and director of GMAC-RFC Insurance Claims Services. Fidelity can be found online at http://www.fidelityinfoservices.com.
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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
June 26 -
House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
June 26 -
The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
June 26 -
ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
June 26 -
Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
June 26 -
KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
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