Industry News
Industry News
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"I think it's going to get worse for banks — more regulations, more rules and more requirements,'' JPMorgan Chase CEO Jamie Dimon said in a Bloomberg Television interview from Paris on Thursday.
May 11 -
Volume climbed up to $13.3 billion from $8 billion in February, per Polygon Research's report.
May 11 -
Both its servicing and origination segment were in the red in the first three months of the year, with the latter division reporting a net loss of $32.8 million.
May 9 -
The incident affecting the information of 1,361 customers is a rare disclosure of a data breach from a top mortgage lender and servicer.
May 9 -
Brian O'Shaughnessey's latest venture, Imperial Bancorp, LLC, is set to secure licensing in the next four to six months, when he expects that "spreads and interest rates will tighten and loans will be worth more."
May 8 -
Jesse Iwuji Motorsports claims Equity Prime Mortgage backed out of a multimillion-dollar commitment after it was hit with a margin call last fall.
May 8 -
Homes in the top five states have an average of $222,964 in 2022, according to LendingTree.
May 7 -
After a selloff toward the end of 2022 when it sought to reduce liquidity risk, the company resumed purchases of whole loans last quarter.
May 5 -
Earnings dipped for both companies coming in at $236 million and $328.2 million, respectively.
May 4 -
In a quarterly earnings call, CEO Michael Nierenberg said the company was evaluating options and would likely file forms for a new public company in the near future.
May 4 -
Merger arbitrage traders were expecting hiccups in Toronto-Dominion Bank's proposed takeover of First Horizon, but they were unprepared for its cancellation.
May 4 -
The companies cited an inability to secure regulatory approvals after postponing multiple times a closing that had been originally expected last fall.
May 4 -
Homes in the top five states have an average of $512,836 in 2022, according to LendingTree.
May 4 -
The top five depositories for home lending have a combined residential portfolio volume of more than $900 billion at the end of Q4 2022.
May 3 -
The top five depository lenders have a combined HELOC volume of more than $93 billion at the end of Q4 2022.
May 3 -
The case involved unsolicited calls made by the lender over a five-year period beginning in late 2017 affecting more than 140,000 consumers.
May 2 -
The faltering bank's sale could work to quell any lingering unrest among depositors at other banks, according to analysts. "No one likes to see a bank fail, but it's good to have really the last remaining source of uncertainty resolved," said Citigroup CEO Jane Fraser.
May 1 -
Jay Farner's compensation package was $9.46 million last year, almost five times larger than his yearly income in 2021.
May 1 -
The California Reinvestment Coalition, the group behind the assessment, is calling for increased nonbank oversight.
May 1 -
In an earnings call, the company said talks with depository institutions were already underway regarding potential residential loan sales.
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