A recently acquired mortgage banker has agreed to settle a class action lawsuit over a data breach that occurred last August. Processing Content NJ Lenders Corp. will pay up to $100,000 in total to class members, which includes anyone who received direct notice from the lender that their private information may have been impacted in […]
Post-M&A breach suit signals cyber due diligence risk Read More »
Waterstone Financial’s mortgage banking income rebounded from the first quarter’s just above breakeven numbers, helped by a $114 million increase in originations. Processing Content “The mortgage banking segment achieved solid growth in loan origination volumes compared to the prior year, but this growth was offset by softer sales margins,” William Bruss, CEO of Waterstone Financial,
Waterstone Mortgage volume, profits up quarter-to-quarter Read More »
PrimeLending narrowed recent losses from earlier this year, although current economic pressures have company leaders tempering near-term prospects for a boost in mortgage originations. Processing Content Hilltop Holdings, the Dallas-based banking parent of PrimeLending, reported a second-quarter pre-tax loss of $2.02 million across its mortgage business. On an equivalent year-over-year basis, bottom-line numbers deteriorated noticeably
PrimeLending cuts $10M fixed costs as margins squeeze Read More »