Wolters Kluwer Financial Services, Minneapolis, has named Ken Newton executive vice president of banking content.Mr. Newton will be responsible for the company's overall growth in the banking, credit union, indirect lending, and mortgage markets. Prior to this promotion, Mr. Newton served as the vice president and chief operations officer for WKFS, where he led the operational aspects of the organization's manufacturing, customer support, product distribution, and enterprise systems. He also led the implementation of Lean Six Sigma across the company. WKFS can be found on the Web at http://www.wolterskluwerfs.com.
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With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
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Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
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The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
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Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
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Mortgage companies have transitioned from trying to encourage AI use to managing spending on it through a strategy dubbed "tokenomics."
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Foreclosure rates were highest in the region, and nationwide, completed repossessions also saw a significant jump, according to Attom.
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