Lime Financial, Lake Oswego, Ore., cracked the $1 billion market in residential fundings in 2004 -- a record for the fast-growing nonconforming lender.Lime chief executive officer Zan Hamilton noted that the $1 billion was "five times the volume of the previous year." A mostly wholesale funder that plays in the A-minus purchase-money market, Lime has 208 employees, compared with just 78 at the beginning of 2004. The company started last year funding in just five states. It now funds in 19 states, and has plans to enter 18 additional states in the next few months.
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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.
July 3 -
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.
July 2 -
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.
July 2 -
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.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2









