United Financial Mortgage Corp., Oak Brook, Ill., has announced the pricing of a public offering of approximately 2.04 million shares of common stock at $6.67 per share.The gross proceeds totaled approximately $13.6 million. Maxim Group LLC, the sole underwriter, has been granted an option to buy approximately 306,000 additional shares from the company's largest shareholder to cover any overallotments, UFMC said. UFMC, a retail and wholesale mortgage lender, can be found on the Internet at http://www.ufmc.com.
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Mike Kortas is looking to keep loan officers in the loop through the entire mortgage loan customer lifecycle and beyond, with the launch of evoLend.
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Private residential construction spending rose 0.3% from April and 1.8% from a year ago to a seasonally adjusted annual rate of $930.2 billion in May.
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Artificial intelligence is fueling litigation risks, from consumer lawsuits against servicers, to more repurchase requests, and vulnerabilities through vendors.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
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