Franklin Credit Management Corp., Jersey City, N.J., has reported the receipt of a noncompliance notice from the NASDAQ Stock Market regarding the listing of Franklin's common stock. The notice said the stock has failed to maintain a minimum bid price of $1 or more per share for the preceding 30 business days. Compliance would be restored if the stock closes at $1 or more per share for at least 10 consecutive trading days before Aug. 18, Franklin said. If the stock has not returned to compliance by that date, NASDAQ will provide a written notification that Franklin's stock will be delisted. Franklin can be found online at http://www.franklincredit.com.
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Priority Financial Network CEO Marc Shenkman allegedly told a former employee to "keep his resume out there" because he planned to get Lendwise shut down.
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Technology and customer service were the two largest categories within operational expenses last year, according to the Mortgage Bankers Association.
June 29 -
Bright partnered with real estate data and analytics platform HouseCanary to deliver exposure on Google at no additional cost or operational efforts.
June 29 -
The move may have been related to the government-sponsored enterprise's duration gap but could also have resulted from many other considerations.
June 29 -
The lawsuit is the third against a California-based mortgage company this month after revelations of another early-2026 incident at a wholesale lender.
June 29 -
The Bank of International Settlements compared the recent AI investment frenzy to the canal mania of the 1830s, the British railway craze of the 1840s and the dot-com boom of the late 90s.
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