Author name: Ricky Vasquez

Bank turns to nonbank to run mortgage production

At a time when government officials and politicians are grappling with finding ways to increase bank participation in mortgage lending, a Pennsylvania depository is teaming with a nonbank to deliver the function to its customers. Processing Content Firstrust Bank, based in Conshohocken outside Philadelphia, has entered a strategic partnership with MortgageCountry in nearby Blue Bell, […]

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Data breach hits 1 million Figure customers

Key insight: Attackers are bypassing technical security by impersonating IT staff and tricking employees into handing over credentials. What’s at stake: The leak hits Figure during a critical financial window, coinciding with the pricing and upsizing of a secondary stock offering. Supporting data: The breach exposes approximately 967,000 unique email addresses, along with names, physical

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Why some cities resist national housing slowdowns

Uneven cooling in the national housing market is sharpening focus on why some cities continue to defy the slowdown. While macro indicators point to softer demand, select metro areas maintain steady homeowner lending volume. Processing Content Local conditions, rather than national sentiment, shape borrower confidence, application flow, and loan performance. These local conditions are reflected

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