Banking

The San Francisco fintech company has agreed to pay a $110,000 fine for failing to comply with a 2017 state law that requires mortgage servicers to be licensed.

Orix Corp. has agreed to buy U.S. commercial real estate lender Hunt Real Estate Capital, its latest acquisition in the field.

Prosper hopes to do for lines of credit what it did for unsecured personal loans, while BBVA hopes to provide a better experience for customers.

CIT Group has agreed to lend and invest the money mostly in California as well as in the eight states where Mutual of Omaha Bank has branches.

The Dallas company said it should be able to avoid restating past financial results. It also reported higher quarterly earnings helped by increased mortgage activity.

Shares in the lender fell after it reported lower third-quarter profits, said nonperforming assets rose and cautioned that it had lost multifamily loan deals to competitors offering easier terms.

Startups are increasingly expanding into new areas with their bank partners in an effort to broaden their customer base and bring products to market faster.

VantageScore totaled 12.3 billion scores across consumer credit loan categories over a 12-month period between 2018 and 2019 with minimal mortgage volume, leaving potential for a major ramp up.

There are many ways to mark the economic progress since the Great Recession: over 100 months of job gains, record low unemployment and a long bull run on Wall Street.

The demand for office space throughout Miami-Dade County is higher than it's been for the last decade.