NHB Holdings Inc., Jacksonville, Fla., has announced the receipt of regulatory approval to launch Proficio Bank to market specialized banking and mortgage services to the relocation, homebuilding, and real estate brokerage industries.NHB said the new company was formed when executives from the three industries saw an opportunity to create a specialty bank to serve the industries' needs. "Proficio addresses unique market, product, and service needs in these industries and provides these companies the opportunity to work with a financial institution that specializes in their industry," said William G. Slagle, founder and chairman of NHB Holdings and chairman of Proficio Bank. The companies can be found online at http://www.nhbholdings.com, http://www.proficiobank.com, and http://www.proficiomortgage.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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