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Figure’s hot streak persists as loan marketplace volume soars

Figure Technology Solutions is on a hot streak with another profitable quarter, surpassing Wall Street expectations. Processing Content The fintech posted an $87 million profit for the second quarter, its strongest-ever quarterly mark, which beat a Standard & Poor’s consensus estimate of $58 million. Since going public last September, Figure has consistently posted positive earnings […]

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Goldman’s Kaplan backs ‘kick-the-can’ Fed caution on rate hikes

(Bloomberg) — Goldman Sachs Group Inc.’s Robert Kaplan said the Federal Reserve made “absolutely” the right call by not raising interest rates in July and urged policymakers to keep an open mind through September, citing a complex mix of inflationary and disinflationary “crosscurrents” making rigid forward guidance counterproductive. Processing Content “If I see meaningful improvement,

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Sapan Bafna

Early adopters of new VA partial claim process share tips

The mortgage industry asked for and received six months to put the Department of Veterans Affairs’ new partial claim-related processes in place, but some companies are ahead of the curve. Processing Content Nonbank mortgage company Pennymac recently announced its readiness for the new foreclosure prevention regime announced in June, attributing the implementation speed to Plaisse,

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