The mortgage industry's digital transformation is revolutionizing the home buying experience and upending the status quo for lenders and servicers. The Digital Mortgage Conference is the premiere event exclusively dedicated to these developments, bringing over 1,500 professionals to Las Vegas on Sept. 17-18 for keynote speakers, panels and the main attraction: live product demos showcasing the latest mortgage innovations.
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President Joe Biden's administration and Senate Democrats are ramping up pressure on the Federal Home Loan Bank system to pump more money into solving the nation's housing crisis.
August 6
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Jack Poulsen, the former president of Ericson State Bank in Nebraska, was sentenced to 18 months in prison for bank fraud involving loans to a relative that led to the rural bank's collapse.
August 6
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Kim Silva has more than 25 years of combined accounting and teaching experience. In addition to her undergraduate degree in accounting, she has a MS in financial crime and compliance management, and is a doctoral candidate (ABD) in management. She recently founded Essential Business Education, and currently is a visiting assistant professor of practice in accounting at Babson College in Wellesley, Massachusetts.
Reach her at
hello@essentialbusinessedu.com or viaLinkedIn .August 6
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High borrowing costs led to fewer mortgage originations in the second quarter, according to the Federal Reserve Bank of New York's Quarterly Report on Household Debt and Credit released Tuesday.
August 6
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The proposed settlement would resolve allegations that USAA violated laws protecting those in the military from excessive interest rates. The bank said it "strongly disagrees" with the allegations.
August 6
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The resurgence of the syndicated loan market signals a pendulum swing back to greater reliance by debt issuers on traditional bank financing.
August 6
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The bank technology company has a payments unit but reports most of its revenue comes from sources other than transaction processing.
August 6
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Priya Krishnan, chief digital, and transformation officer at Bright Horizons has a storied background as an entrepreneur who founded India's leading child care and schooling service provider with more than 150 company-owned, company-operated centers across the country. At Bright Horizons, she leads all client relationships for the US, International M&A, and innovation projects. Priya joined the Bright Horizons family after founding and running KLAY, a high-quality childcare organization, which has grown to become India's largest childcare company.
August 5
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The guidance largely matches last summer's proposal, with clarifications around least-cost determinations, foreign bank resolutions and resolution strategies. Regulators also gave banks more time to file their living wills under the new framework.
August 5
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Judge Martin Glenn of the Federal Bankruptcy Court of the Southern District of New York greenlighted SVB Financial's bankruptcy plan Monday, but $1.93 billion in FDIC-held deposits remain contested pending further litigation.
August 5
