Digital Risk Says All Is Well
While recent coverage of Digital Risk LLC might have suggested otherwise, the company says all is well despite the upcoming departure of its two top executives.
CEO, President Both Leaving Digital Risk
Following the loss of a big client and a round of Florida layoffs, the top two executives of Digital Risk LLC -- who re also the founders -- are exiting the firm.
Fannie COO Departing
The top operations executive at the Federal National Mortgage Association has advised the government-controlled company of his impending departure.
$3 Billion IPO is Biggest for Commercial Bank
A completed $3 billion initial public offering is the biggest for a U.S. commercial bank. Some of the proceeds will be used for mortgage recruitment.
FDIC Sues Frmr CEO, Directors of Failed $1 Bil Bank
A new lawsuit filed against Bank of the Commonwealth's former chief executive officer, chairman and board members seeks at least $11 million in damages.
Mortgage Firm With Several M&As Being Acquired
A mortgage company that has completed five mergers and acquisitions over the past seven years is now, itself, the target of an acquisition.
Government Sees Massive Recoveries from Whistleblowers
Whistleblower actions have helped the U.S. government amass a mountain of cash from financial institutions, and modifications to one law could lead to more cash and prosecutions.
Merger Creating a New Top-20 Mortgage Lender
Non-Bank Capital Ratios Better Than at Banks
The upcoming merger of two independent lenders will create a mortgage banker that would have ranked among the 20-biggest originators last year.
A ratings agency reports highlights how some of the larger non-bank lenders and servicers have better capital ratios than big banks -- though that's not necessarily a good comparison. The report recommends that regulators need to shift their focus.