Author name: Ricky Vasquez

Cornerstone Capital Bank adds employee stock ownership plan

Cornerstone Capital Bank in Houston announced it has launched a new qualified retirement plan that invests in its parent company’s stock and allows employees to share in ownership. Processing Content Company team members, including those in affiliated business arrangements, will be eligible to participate in the employee stock ownership plan. Joint venture and real estate […]

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New-home purchase applications hit record high in March

New-home purchase originations surged in March, waving off wartime macroeconomic concerns to set a record high, even as signs of a construction slowdown emerged.  Processing Content Applications for newly purchased homes accelerated 11% year over year, according to the Mortgage Bankers Association’s monthly builders survey. Compared to February’s more subdued activity, volumes popped upward by

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