Subprime mortgage crisis

MAXEX Provides Liquidity for Non-Owner Occupied and Second Home Loans

Retrieved on: 
Wednesday, July 28, 2021
Technology, Construction & Property, Finance, Banking, Professional services, Software, Other Construction & Property, Data management, Residential Building & Real Estate, Pricing, Mortgage industry of the United States, United States housing bubble, Finance, Subprime mortgage crisis, Financial services, Money, Financial markets

MAXEX was designed to complement the GSEs by providing liquidity in segments of the market where they do not operate, said MAXEX Chief Revenue Officer, Brennan Walters.

Key Points: 
  • MAXEX was designed to complement the GSEs by providing liquidity in segments of the market where they do not operate, said MAXEX Chief Revenue Officer, Brennan Walters.
  • Our exchange immediately began providing liquidity for NOO and second homes as mortgage lenders were forced to quickly seek alternatives.
  • MAXEX is delivering daily competitive pricing on NOO and second home loans from multiple leading investors.
  • Pricing is continually updated daily, and all loans are sold through MAXEX as the centralized loan clearing house.

Merrill Studies Reveal Challenges Diverse Communities Overcome to Achieve Success and Grow their Wealth

Retrieved on: 
Wednesday, July 28, 2021
Professional services, LGBTQ+, Consumer, African American, Finance, Hispanic, Banking, Finance, Primary dealers, Money, Financial services, Brokerage firms, Subprime mortgage crisis, Investment management, Stock market, Wealth management, Merrill, Bank of America

Merrill Lynch Wealth Management published today three studies examining the affluent Black/African American, LGBTQ+ and Hispanic/Latino communities.

Key Points: 
  • Merrill Lynch Wealth Management published today three studies examining the affluent Black/African American, LGBTQ+ and Hispanic/Latino communities.
  • The first-of-its-kind research reports titled, Diverse Viewpoints: Understanding Affluence in the U.S. , aim to better understand how individuals in these diverse communities achieve success and grow their wealth, their motivations and challenges and goals for the future.
  • Serving a diverse client base requires a deep understanding of peoples unique experiences and financial life paths, said Andy Sieg, head of Merrill Lynch Wealth Management.
  • Merrill, which is part of Bank of America Corporation, includes Merrill Lynch Wealth Management and Merrill Private Wealth Management and is a leading provider of comprehensive wealth management and investment services.

JRVR NOTICE: Investors with Substantial Losses Have Opportunity to Lead the James River Group Holdings, Ltd. Class Action Lawsuit

Retrieved on: 
Wednesday, July 28, 2021
Legal, Professional services, Civil law, Class action, Lawsuit, Primary dealers, Subprime mortgage crisis, Madoff investment scandal, Finance, Banks, Financial services

The James River Group class action lawsuit charges James River Group and certain of its top executives with violations of the Securities Exchange Act of 1934.

Key Points: 
  • The James River Group class action lawsuit charges James River Group and certain of its top executives with violations of the Securities Exchange Act of 1934.
  • The James River Group class action lawsuit is captioned Employees Retirement Fund of the City of Fort Worth dba Fort Worth Employees Retirement Fund v. James River Group Holdings, Ltd., No.
  • If you wish to serve as lead plaintiff of the James River Group class action lawsuit, please provide your information by clicking here .
  • Lead plaintiff motions for the James River Group class action lawsuit must be filed with the court no later than September 7, 2021.

Former Ellie Mae VP Joins Homebot to Run Large Account Enterprise Sales

Retrieved on: 
Wednesday, July 28, 2021
Finance, Ellie Mae, Mortgage loan, Money, Mortgage industry of the United States, Economy, Subprime mortgage crisis

Former Ellie Mae vice president, Jeff Marchetti, has joined the Homebot team as their Vice President of Large Account Enterprise Sales.

Key Points: 
  • Former Ellie Mae vice president, Jeff Marchetti, has joined the Homebot team as their Vice President of Large Account Enterprise Sales.
  • "It also delivers an unmatched return on investment to lenders unlike any technology I have represented in my past roles.
  • Marchetti has held positions on the national level at H&R Block Mortgage, Servicelink and, most recently, Ellie Mae now ICE Mortgage Technology.
  • Now, in his new role at Homebot, Marchetti will be driving the enterprise sales strategy for top 100 mortgage lenders across the country.

Bright Scholar Announces Note Repurchase Program

Retrieved on: 
Wednesday, July 28, 2021
Systemic risk, Financial economics, Subprime mortgage crisis

"We are pleased that the Board has authorized this program as our debt represents a very attractive investment opportunity," said Jerry He, Executive Vice Chairman of Bright Scholar.

Key Points: 
  • "We are pleased that the Board has authorized this program as our debt represents a very attractive investment opportunity," said Jerry He, Executive Vice Chairman of Bright Scholar.
  • We will leverage therepurchase program to optimize our debt structure while maintaining liquidity to support our long-term business growth."
  • Under the program, Bright Scholar may purchase debt from time to time in compliance with regulations and other legal requirements, and subject to market conditions and other factors.
  • The repurchase program does not hold any specific limitations and may be suspended or terminated at any time.

DGAP-News: CSG Partners with Cape Innovation & Technology Initiative to Empower Female ICT Entrepreneurs to Defy Social Norms in South Africa

Retrieved on: 
Wednesday, July 28, 2021
Articles, Citigroup, Midtown Manhattan, Subprime mortgage crisis, Innovation, Economy of New York City, Banks, CSG, Cape Innovation & Technology Initiative, CSG, CAPE INNOVATION & TECHNOLOGY INITIATIVE

CSG is proud to partner with the Cape Innovation & Technology Initiative to expand the Women in Business program across the region.'

Key Points: 
  • CSG is proud to partner with the Cape Innovation & Technology Initiative to expand the Women in Business program across the region.'
  • Its mission is to build a future-fit, inclusive community and shape the future economy through innovation and technology.
  • CiTi's Women in Business initiative is a flagship programme aimed at strategically supporting and developing female entrepreneurs.
  • The Cape Innovation & Technology Initiative (CiTi) is a Non-Profit Company with a mission to build a futureproof, inclusive society through technology and innovation.

Sound Community Bank Welcomes Credit Officer and Commercial Loan Officer

Retrieved on: 
Tuesday, July 27, 2021
Bank, Economic history of Italy, Finance, Companies, Economy, Primary dealers, Subprime mortgage crisis, PacWest Bancorp, Bank of America

SEATTLE, July 27, 2021 (GLOBE NEWSWIRE) -- Sound Community Bank and its Board of Directors welcome new Credit Officer and new Commercial Loan Officer.

Key Points: 
  • SEATTLE, July 27, 2021 (GLOBE NEWSWIRE) -- Sound Community Bank and its Board of Directors welcome new Credit Officer and new Commercial Loan Officer.
  • He brings over 17 years banking experience primarily focused on commercial & industrial lending and commercial real estate credit risk management.
  • Sound Community Bank is a full-service bank, providing personal and business banking services in communities across the greater Puget Sound region.
  • Sound Community Bank is a subsidiary of Sound Financial Bancorp, Inc. (NASDAQ: SFBC).

Cadre Continues Building Commercial Business with Veteran Industry Leaders

Retrieved on: 
Tuesday, July 27, 2021
REIT, Finance, Professional services, Commercial Building & Real Estate, Construction & Property, Finance, Money, Primary dealers, Subprime mortgage crisis, Banks, Financial markets, Cadre, Financial technology, Goldman Sachs, Ryan Williams, Morgan Stanley, Airbnb

View the full release here: https://www.businesswire.com/news/home/20210727005115/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210727005115/en/
    Dans extensive investment experience has helped Cadre continue offering investors unparalleled access to institutional-quality assets, said Ryan Williams, Cadre co-founder and CEO.
  • Ms. Anderson joined Cadre in January 2021 from Airbnb, where she was a manager on the Business Finance & Analytics team.
  • Her prior experience spans finance and business strategy within financial services and technology, including at RealtyShares, Goldman Sachs and Morgan Stanley.
  • Cadre has also built a groundbreaking secondary market for commercial real estate enabling investors to have the potential to seek liquidity3.

Ally Home launches RefiNow™ to provide greater access to mortgage refinance options for homeowners

Retrieved on: 
Tuesday, July 27, 2021
Mortgage, Finance, Personal finance, Money, United States housing bubble, Refinancing, Fannie Mae, Economy, Mortgage loan, Causes of the Great Recession, Subprime mortgage crisis

"Historically low rates make it an exceptional time to refinance your mortgage, but until now, many low-income consumers -- the very people most in need of financial relief -- have been unable to qualify for traditional refinancing options and benefit from these lower rates," says Glenn Brunker, president of Ally Home. "Through RefiNow, Ally Home is stepping up to help borrowers save money each month through lower interest rates, while simultaneously enabling them to build equity, grow wealth and foster economic mobility."

Key Points: 
  • Barriers that hamper homeowners with lower incomes from refinancing often result in those borrowers refinancing at a slower pace than those with higher incomes.
  • RefiNow is available to borrowers with a Fannie Mae-backed mortgage who are looking to refinance their single unit, principal residence.
  • Ally Financial (NYSE: ALLY) is a digital financial services company committed to its promise to "Do It Right" for its consumer, commercial and corporate customers.
  • A relentless ally for all things money, Ally helps people save well and earn well, so they can spend for what matters.

Enfusion Creates Customized Trading Workflow for Goldman Sachs Asset Management

Retrieved on: 
Tuesday, July 27, 2021
Finance, Goldman Sachs, Subprime mortgage crisis, Banks, Financial services

NEW YORK andLONDON and HONG KONG, July 27, 2021 /PRNewswire/ -- Enfusion ,a global leader in nativecloud-based investment management technology software and services, announced today that Goldman Sachs Asset Management's Alternative Investments & Manager Selection (AIMS) co-investment business has selected Enfusion to provide investment management technology solutions and middle- and back-office managed services.

Key Points: 
  • NEW YORK andLONDON and HONG KONG, July 27, 2021 /PRNewswire/ -- Enfusion ,a global leader in nativecloud-based investment management technology software and services, announced today that Goldman Sachs Asset Management's Alternative Investments & Manager Selection (AIMS) co-investment business has selected Enfusion to provide investment management technology solutions and middle- and back-office managed services.
  • Enfusion's seam-free front to back-office platform and APIs allow the fund's portfolio managers to manage orders across all asset classes.
  • Outsourcing these efforts will allow the AIMS team to focus more on core trading activity, streamlining the investment process.
  • Goldman Sachs Asset Management is the primary investing arm of The Goldman Sachs Group, Inc. (NYSE: GS).