RESTON, Va. - (08/31/05) -- Sallie Mae said it continued itsexpansion outside its core student loan market and has agreed toacquire GRP Financial Services, a White Plains, N.Y., specialtycompany that purchases and resolves mortgage loans. The dealexpands Sallie Mae's capacity on debt collection, one of thelargest collections operations in the country. Under the deal, GRPwill become a wholly owned subsidiary of Sallie Mae. Terms of thedeal were not disclosed.
A first look at the capital plan suggests it moves the real estate finance industry closer to changes it lobbied for, but the devil may be in the details.
Housing economists at ICE Experience 2026 predict mortgage growth but also say the home finance industry has yet to fully adapt to the disruption of this decade.
The Oklahoma community bank partnered with two digital asset companies to create a cross-border form of tokenized U.S. dollar deposits.
Grand Rapids-based Independent Bank Corp. has agreed to buy HCB Bancorp for $70.2 million — the buyer's first deal since 2017.
Participate, a loan participation network, has agreed to use tokenized dollars issued by Custodia Bank and Vantage Bank.
Royal Bank of Canada is rolling out AI across its businesses in an effort to become more efficient and generate more revenues. The Toronto-based bank recently created an internal AI accelerator that directly reports to CEO Dave McKay.
