Updata Capital Inc., Red Bank, N.J., has released research explaining what is behind the recent increase in merger-and-acquisition activity in the financial technology sector.The investment banking firm, which specializes in M&As for the information technology industry, reported that four factors are contributing to the increase in technology M&As: the improved economy and resulting health of the capital markets, rising IT budgets, the impact of mandated regulatory changes, and lastly, the viability of new technology models to enhance profitability and accelerate sales. The complete Financial Monitor for summer 2004 can be viewed on http://www.updata.com.
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Higher utilization and aggregate excess payments point to pressure, according to TransUnion. Debt-to-income averages remain below traditional mortgage caps.
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Meet the top loan originators in the 28th edition of National Mortgage News' annual ranking and learn how they approach purchase business.
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Rocket, United Wholesale Mortgage and Pennymac said they will use the new government-sponsored enterprise credit metric as large lenders get on board.
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One-time Rocket exec Mike Fawaz founded brokerage and tech firm Origna8 with his former adversary's backing, which both say will enable it to quickly scale.
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Federal Reserve Chair Jerome Powell told reporters Wednesday that he would remain on the Fed board after his term as chair expires next month, resolving the last and most significant open question about his departure and the onset of Kevin Warsh's leadership at the central bank.
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President Biden had issued a rule in 2024 requiring newly constructed homes to abide by an energy mandate to be eligible for FHA- or USDA-backed mortgages.
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