Platinum Bancshares Inc., Rolling Meadows, Ill., has announced the signing of a common stock purchase agreement with Taylor, Bean & Whitaker Mortgage Corp. under which TB&W will acquire a controlling interest in Platinum.The terms of the deal were not disclosed. William Giambrone, chairman and chief executive officer of Platinum, said TB&W is "one of the premier national players" in the prime residential mortgage market. The transaction will allow Platinum to diversify its products and services, he said. TB&W is based in Ocala, Fla.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27