Founder claims majority shareholder support; company blames him for its delayed 10-Q and raises possible securities-law concerns
Better Home & Finance Holding Company said Friday that it terminated founder Vishal Garg as CEO and accused him of delaying the company’s quarterly filing, sharply escalating a dispute over control of the mortgage lender one day after Garg demanded that five directors re...
Consumer loan marketplace volume reached $4.3 billion as Figure Connect drove more production off the company’s balance sheet and helped lift adjusted margins to a record 55%
Figure Technology Solutions said mortgage partners using its platform generated substantially more home equity lending volume than their previous production would have predicted, adding an originator-level measure to a quarter marked by rapid marketplace growth and record pr...
Traditional protections like title insurance and closing protection letters may leave lenders exposed to significant settlement, funding, and fraud-related losses
Community lenders want more flexibility over employee compensation, closing-cost estimates, down payment assistance, and federal supervision of smaller IMBs
Realtor.com finds the median city risks losing only about $84,000, although the policy could carry more weight in supply-starved Northeast and Midwest markets