Processing Content Key insight: Audits of both the Federal Reserve Board and the Consumer Financial Protection Bureau found each agency’s security systems had declined. What’s at stake: The findings come at a time when banks face an unprecedented wave of sophisticated cyber threats, raising questions about data protection. Forward look: The OIG also found lag […]
Watchdog warns of failures in Fed and CFPB security programs Read More »
While both volume and gain-on-sale margins improved year-over-year in the first quarter, discussions between mortgage lenders and Boston Consulting Group revealed a heightened focus on artificial intelligence-driven transformations to permanently manage costs, strategic management company said. Processing Content Consolidation is also on the table as a way to scale operations. The company’s quarterly report tracks
The strategy shift lenders are quietly making Read More »
Bank of Nova Scotia agreed to acquire Maple Financial Holdings Inc., which owns a small US commercial bank, as the Canadian firm looks to expand its structured-finance business in the American mortgage industry. Processing Content The deal, which will see the lender take over MapleMark Bank, is subject to customary closing conditions, Scotiabank said in
Scotiabank to buy small Dallas bank in mortgage-finance play Read More »