Industry veteran Dale Kurland, a former managing director at Bear Stearns, has formed a new advisory firm, hoping to tap what could be a hot merger market for mortgage companies in the next few years."We anticipate a robust market for mergers, acquisitions, and overall consolidation in the mortgage business for the foreseeable future," said Ms. Kurland, who will serve as chief executive of her new firm, Classic Strategies Group LLC. The new company is based in New York. Prior to launching CSG, Ms. Kurland was a principal in DK Advisory Services. DKAS advised on several franchise-related deals, including the sale of First Town Mortgage, James Madison Mortgage, Knutson Mortgage, and others. In the early 1990s, Ms. Kurland was the head of mortgage banking M&A for Bear Stearns. CSG can be found online at http://www.classicsg.com.
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The government guarantor aims to distinguish delinquencies reported as a result of a Federal Housing Administration rule change from broader market trends.
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The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.
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Delinquencies also showed signs of overall improvement in March, despite an increase in foreclosure numbers, ICE Mortgage Technology said.
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But in its earnings release, parent company Hilltop Holdings warned its full year 2026 results are going to be impacted by things outside of its control.
April 24 -
U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell's replacement.
April 24 -
The bank denied Black, Latino and Asian mortgage applicants roughly twice as frequently as white applicants in North Carolina, according to a study from the Americans for Financial Reform Education Fund.
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