LECG Corp., a global expert services and strategic advisory firm based in Emeryville, Calif., has announced that its subsidiary LECG LLC has agreed to acquire the Secura Group LLC, a privately held consulting firm specializing in financial services and regulatory compliance.The terms of the agreement were not disclosed. Headquartered in Vienna, Va., Secura was established in 1986 by William Isaac, former chairman of the Federal Deposit Insurance Corp., LECG reported. Secura works with financial industry clients in numerous areas, such as fair-lending analysis; anti-money-laundering programs; compliance management; Community Reinvestment Act ratings; subprime lending issues; and Home Mortgage Compliance Act reviews.
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Finance of America's earnings per share came out to $1.10, double that of the first quarter of 2025 and well above the a S&P Capital IQ Pro consensus estimate of $0.84.
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PennyMac Financial Services reported $82.3 million net income, inclusive of a $44 million net reduction related to servicing fair value and hedge losses.
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The lender and servicer, which continues to make investments ahead of a future high-demand cycle, has reported tumbling margins in the past year.
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Credibly will bring its SMB loans and revenue-based financing products to Figure's Democratized Prime platform, Figure said in a press release.
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Federal Reserve Gov. Michael Barr said Tuesday that the U.S. energy sector is more insulated from shocks than Europe's, particularly in natural gas prices. However, he warned that the war is pushing up gasoline prices, which could spill over into other parts of the economy.
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Economic uncertainty weighed on risk appetite, but the current performance of the non-QM market is "durable," Angel Oak leaders said in an earnings call.
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