UCAP Inc., Denver, the parent of United Capital Mortgage Corp., has hired SBI Discovery Group, an investment banking firm, to assist in the execution of its corporate finance strategy, investor management, and the evaluation of strategic partnerships."The Discovery Group brings the experience and access to capital that we have never had before and we feel that the Discovery Group will be able to take us to the next level regarding investor relations/management and effective capitalization," said David Colwell, chief executive of UCMC and chief operating officer of UCAP. SBI Discovery Group is a division of First Securities USA specializing in providing its services for middle-market companies in multiple-technology and high-growth sectors.
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The Request for Information follows Pres. Trump's March 13 executive order, "Promoting Access to Mortgage Credit," the Bureau said.
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Community lenders, mortgage bankers and homeowners associations want more time to gear up for certain changes but officials see reasons to stay on track.
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Retail lender Rate separately launched yet another non-mortgage brand, with outdoor saunas and other furnishings following a high-end performance wear line.
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June purchase demand strengthened, refinances remained steady and pull-through improved, reversing May losses.
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The move is designed to align the two Utah-based businesses under a single unique name and comes two years after the bank acquired the home lender in 2024.
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Federal Reserve Bank of Dallas President Lorie Logan said at an event Thursday that conducting monetary policy actions through a third party would improve efficiency and make markets stronger.
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