Post-merger Banc of California will target "in-market relationship banking" by focusing on treasury management services and loan growth to boost "low-cost" commercial deposits, CEO Jared Wolff said.

A New Jersey federal jury sided with the subservicer's claims that the lender "fraudulently" took this sum in May 2016 when it was transferring back its portfolio.

Buying Sculptor Capital Management could lead the real estate investment trust to explore an offering for the origination and servicing business in the near to mid-term, BTIG said.

The acquiring company netted an incremental gain in shareholder buy-in with its previous postponement but not enough to push the transaction forward.

Borrowers in the $1.4 billion Marcus portfolio could be mined for first-time home buyer leads, a BTIG report speculated.

The lender agreed to pay $502,000 to put to rest allegations it violated the Garden State's consumer protection laws.

Plaintiffs accuse the NAR and the multiple listing services of antitrust violations because of rules around shared broker compensation fees.

Also, Cenlar welcomes client management leader, NFM promotes influencer-marketing executive and Guzzo & Co. hires transgender chief operations officer.

The incident occurred in November 2020 when an unauthorized party gained access to company systems and deployed ransomware, resulting in compromise of employees' personal information.

Rising interest rates during June worked to hold potential new homebuyers out of the market, the Mortgage Bankers Association's Builder Application Survey found.

As affordability worsened for prospective buyers, owners saw their first quarterly rise in proceeds in almost a year.

The company continues to retrench and refocus as it looks to become profitable from its original aims after it first became public in July 2021.

An unspecified amount of employees received a "career transition incentive" yesterday, per the company.

The accusations build on those previously outlined in a lawsuit filed by former chief operating officer Tamara Richards in 2021.

The recent conversion marked one of the final steps in the $8 billion acquisition, first announced in 2021. U.S. Bank still anticipates up to $900 million in cost savings and a breadth of opportunities to expand revenue from the transaction.

The disgruntled worker, among other actions, entered false information into the firm's Optimal Blue platform causing severe economic damages, the lender said.

While the divestment alleviates one of the concerns the Federal Trade Commission had regarding the combination with Intercontinental Exchange, question marks abound.

Known for his personal style and his support of affordable housing, the former MBA president also earned an ignominious distinction as the face of the Financial Crisis.

The home lending shop is suing LoanCare for negligence in how it managed loans from 2012 to 2016.

Three creditors filed for Chapter 7 protection on behalf of the embattled lender this month, seeking a combined $1.3 million.