Industry veteran Linda Simmons has been named to the newly created position of senior vice president of business development at Overture Technologies, a Bethesda, Md.-based developer of automated underwriting systems for the mortgage industry.Overture said the move is part of a plan to expand its market share in the mortgage segment. Ms. Simmons has over 20 years of executive experience in the mortgage banking industry. Before joining Overture, she was an associate partner for IBM Global Services' Business Consulting Services division. She was previously a partner with the Stratmor Group and a principal in Simmons Solutions. The company can be found online at http://www.overturetechnologies.com.
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Life insurers have offloaded long-term policyholder liabilities into offshore reinsurance and captive subsidiaries, raising concerns over state oversight of opaque investment vehicles and whether insurers have adequately funded claims.
3h ago -
AI is leaving its marks in a wave of recent pro se litigation with fabricated citations and debunked arguments found throughout lawsuits, attorneys say.
3h ago -
The D.C. Circuit Court of Appeals halted the Trump administration's attempt to fire nearly two-thirds of the Consumer Financial Protection Bureau's workforce, upholding a March 2025 injunction.
June 21 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
June 18 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18









