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The Pittsburgh company, pleased with employee and client retention from its March purchase of Yadkin Financial, is looking to hire lenders from other institutions.
July 20
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Fannie Mae is increasing the maximum debt-to-income ratio it will allow on purchased loans to 50% from 45% on single-family loans when it rolls out its latest version of Desktop Underwriter on July 29.
July 20
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Ocwen Financial Corp. agreed to settle a shareholder lawsuit for a cash payment of $49 million, plus 2.5 million shares of the company's stock.
July 20
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MGIC Investment Corp. reported second-quarter net income of $118.6 million, an improvement from the $109.2 million for the same period last year.
July 20
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The regional bank reported an 8% gain in fee income and trimmed costs amid 1% loan growth.
July 20
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Former Ginnie Mae President Ted Tozer is joining the board of directors at PennyMac Financial Services starting Aug. 1.
July 19
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Colony American Finance has been rebranded as Corvest American Lender in the wake of equity and asset acquisitions by funds affiliated with Fortress Investment Group.
July 19 -
U.S. District Judge André Birotte has dismissed all federal claims against Renovate America and its government bond-issuing partners in three lawsuits that had sought class-action status.
July 19
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The Buffalo, N.Y., bank also said commercial and consumer lending ticked up, while residential real estate fell during the second quarter.
July 19
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The Illinois company has bought two banks and a small mortgage firm in the past year, which helped improve its second-quarter results.
July 19
