Loandepot slipped deeper into the red to start the year as executives blamed the firm’s performance on market volatility and tighter margins from the product mix shift over the winter. Processing Content The lender and servicer Tuesday posted a $54.9 million net loss for the first quarter, widening losses of $32.8 million and $40.7 million […]
Loandepot blames Q1 loss on market volatility, product mix Read More »
Figure Technology Solutions announced its second partnership over the past month, this time with an AI-powered working capital company focused on expanding and democratizing access to financing for small- and medium-sized businesses. Processing Content The collaboration with Credibly will help Figure grow its presence in the SMB lending space, one of the company’s fastest growing
Figure partners with Credibly to expand SMB lending Read More »
Key takeaway: Federal Reserve Gov. Michael Barr said rising energy costs — already rising in part due to increased electricity demand from data centers — could be made worse by the Iran war, but how much worse depends on how long the Strait of Hormuz remains closed. Expert quote: “The most immediate effect is a
Fed’s Barr says gas prices could ‘bleed’ into inflation Read More »