House Financial Services Committee Chairwoman Maxine Waters and Rep. Patrick McHenry, the top GOP panel member, said Facebook must testify about Project Libra. Source: American Banker
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Entries by Lindsay
Many people still distrust banks, but many also look askance at the social media giant, making it an unlikely savior of the unbanked. Source: American Banker
A Wisconsin credit union’s agreement to acquire a small Chicago bank, the eighth credit union-bank deal this year, led bankers to once again call for policymakers to slow the trend. A credit union trade group complained that banks are trying to stifle competition. Source: American Banker
One of the world’s largest banks is about to join the digital mortgage revolution, as HSBC Bank USA, the U.S. arm of HSBC Group, announced that it is partnering with Roostify to launch a digital mortgage platform. The move to go digital is part of an expansion plan for HSBC in the U.S. Source: HousingWire […]
The NRP Group, a builder and manager of multifamily housing, recently appointed David Brown as a regional vice president of development. In this new role, Brown will focus on building the company’s pipeline in the Dallas-Fort Worth metroplex. Source: HousingWire Magazine
Trouble continues to brew for Live Well Financial, the forward and reverse mortgage lender that unexpectedly went bust last month, as court documents reveal that authorities are looking into the lender. According to documents filed by Live Well’s creditors, the SEC, the U.S. Attorney’s Office in the Southern District of New York, and the FBI’s […]
The bipartisan proposal aims to renew banks’ interest in low-income housing tax credits and bring more lower-priced homes to markets that badly need them. Source: American Banker
There’s a long list of reasons traditional lenders haven’t kept up with the needs of entrepreneurs, says Judith Erwin, the head of Grasshopper Bank in New York. One is not asking for enough feedback. Source: American Banker
When Radian Group acquired EnTitle Direct Group, a title insurance and settlement services company that specializes in selling title insurance directly to consumers, last year, the company said that Entitle would continue operating under its existing name. Since then, Radian launched a company-wide rebranding effort, and now, EnTitle is being rebranded to Radian Title Insurance. […]
In May, Live Well Financial abruptly shuttered operations, saying it would no longer be funding forward or reverse mortgage loans. Now, three of its creditors are taking measures to get their investments back, filing a court petition seeking to force Live Well into Chapter 7 bankruptcy and hurling allegations of mismanagement at the defunct mortgage […]
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