Arch Mortgage Insurance Company (Arch MI), a provider of private mortgage insurance based in Walnut Creek, California, and a wholly owned subsidiary of Arch Capital Group Ltd., recently introduced Arch MI RateStar, the company’s new risk-based pricing program.
Read More »Millennials Less Likely to Identify Credit-Altering Life Events, But Do Check Credit for Mortgages
“It’s important for all people to understand the effect of life milestones on their credit so they can put themselves in a position to reach personal and financial goals," said Ken Chaplin, SVP at TransUnion. "This survey reveals that many people, especially younger adults, may not be prepared for how certain events, such as marriage, buying a home or getting a car could alter their credit scores.”
Read More »Jumbo RMBS Issuance in 2015 Has Already Surpassed Last Year’s Total
Although the third quarter of 2015 only saw seven RMBS transactions from six issuers, a continued decline from 12 transactions in the first quarter and 10 transactions in the second quarter, the 29 transactions and approximately $10.1 billion of issuance so far this year have already exceeded the 26 transactions and $8.3 billion issued for the entire year of 2014.
Read More »VRM University Unveils Diversity & Inclusion Self-Assessment Tool
The Diversity & Inclusion Self-Assessment helps financial service organizations establish a benchmark for four key measurement areas that will enable them to prioritize actions and drive change, where necessary, within their organizations. The tool produces a score between one and five for each category, with companies performing at levels considered to be industry best practices reflecting an overall category score of four or five.
Read More »Citigroup, U.S. Bancorp Profitable in Q3 While Goldman Sachs Net Revenues are Down
Citigroup reported $4.3 billion in net income for the third quarter, or $1.35 per diluted share, up 53 percent from $2.8 billion, or $0.88 per share, in the same quarter a year ago. The bank also has revenues that reached $18.7 billion, down from $19.7 billion last year.
Read More »ComplianceEase Promotes New Chief Technology Officer
ComplianceEase, a provider of automated compliance solutions to the financial services industry, recently announced that the company's co-founder, Jason Roth, has been named chief technology officer.
Read More »Matt Martin Real Estate Rebrands to Chronos Solutions
Matt Martin Real Estate Management, a national real estate finance services provider based in Frisco, Texas, recently announced that the company has changed its name to Chronos Solutions and expanded its brand and service offerings.
Read More »Wells Fargo and Bank of America Post Positive Q3 Financial Reports
Wells Fargo and Bank of America posted strong 2015 third quarter financial results, with net incomes reaching $5.8 billion and $4.5 billion, respectively.
Read More »JPMorgan Q3 Earnings Increase 22 Percent Year-Over-Year
JPMorgan Chase, one of the nations largest lenders, announced that their 2015 third quarter net income reached $6.8 billion, or $1.68 a share, up 22 percent year-over-year, according to the bank's earnings statement released Tuesday.
Read More »Altisource Acquires RentRange and Investability
Altisource Portfolio Solutions, a provider of mortgage, financial and technology services for the real estate and mortgage industries, has expanded their offerings into the home rental market with two new acquisitions.
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