ClosingCorp, a San Diego-based provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, recently announced a new partnership with Bills.com, the leading resource for free and personalized money help.
Read More »CFPB Deputy Director Announces Departure
Steven L. Antonakes, the Consumer Financial Protection Bureau (CFPB)'s second-in-command official, announced Thursday in a memo to employees that he is stepping down from his position with the CFPB.
Read More »CFPB Launches New Monthly Report Series Analyzing Trends in Consumer Complaints
"Consumer complaints are the CFPB’s compass and play a central role in everything we do. They help us identify and prioritize problems for potential action," CFPB Director Richard Cordray said. "These monthly reports will enable us to share that data with the public more regularly, so that everyone can benefit from the information."
Read More »Citi and Goldman Sachs Report Substantial Year-Over-Year Growth in Q2
The net income high at Goldman Sachs is mostly credited to the record first half results in Investment Banking and Investment Management. Net revenues for investment banking reached $2.02 billion for Q2, a 13 percent increase from Q2 2014 and 6 percent higher than Q1 2015.
Read More »Anselmo Lindberg Oliver Law Group Announces New Hirings
Anselmo Lindberg Oliver (ALO) Law Group has announced the addition of Jerry R. Howard as senior counsel in the firm's satellite office in Cincinnati, Ohio, and Michael C. Crowe as an associate attorney in the firm's main office in Naperville, Illinois.
Read More »Hutchens Law Firm Hires Two New Attorneys
Hutchens Law Firm has added attorneys Graham Kidner as General Counsel and Shiann Schmidt as an associate focusing on creditor's rights and civil litigation, in the firm's Fayetteville, North Carolina, office.
Read More »Senate Banking Committee Questions CFPB Director On Bureau’s Oversight
"We are accountable to this Congress in numerous ways that are in our statute," Cordray said at the hearing. "The GAO (Government Accountability Office) does a regular audit of our expenses and expenditures each year, which is not common to federal agencies. We are subject to an independent audit also by our statute."
Read More »Bank of America’s Net Income More Than Doubles in Q2; U.S. Bank, PNC Profitable
Bank of America's number of 60-plus days delinquent first mortgage loans serviced by Legacy Assets and Servicing fell to 132,000 in Q2, a year-over-year decline of 50 percent, while adjusted net charge-offs also declined year-over-year by 26 percent down to $929 million
Read More »Foreclosure Metrics Experience More Double-Digit Declines
On a year-over-year basis, foreclosure inventory—residential homes in some state of foreclosure—declined by 27 percent nationwide, down to about 491,000 homes, according to CoreLogic. This number represents about 1.3 percent of all residential homes with a mortgage nationwide. In May 2014, about 676,000 homes were in foreclosure, comprising 1.7 percent of all mortgages nationwide.
Read More »LenderLive Network Adds New VP of Business Development for Due Diligence
In this position, Mahdavian will be responsible for developing strategies to leverage the division’s capabilities and refine its value proposition to maximize revenue growth, the company says. He will also work with sales organization members to identify and develop cross-sell opportunities.
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