Industry News
Industry News
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After years of expansion as a public company, Ellie Mae went private and cut 10% of its workforce. But new ways to grow lie ahead, according to CEO Jonathan Corr.
May 28 -
The moves are part of an ongoing effort by the Seattle bank to largely exit mortgage lending.
April 8 -
Two Harbors Investment Corp., which grew its servicing portfolio by 22% in the fourth quarter, priced a common stock offering to raise funds to buy more rights as well as mortgage-backed securities.
March 19 -
The buyout giant has already bought billions of investments once managed by GE Capital and is now sizing up GE's insurance and jet-leasing businesses, according to sources.
March 7 -
The bank gained $45 million in PACE financings, which let homeowners pay back the costs of efficiency projects over time.
March 1 -
The company disclosed that it paid $146 million for servicing rights associated with $13 billion in mortgages.
February 21 -
New Residential priced its second stock offering in four months, looking for gross proceeds of nearly $665 million.
February 20 -
Navient Corp. shares surged after Canyon Capital Advisors said it could boost a $3.1 billion takeover offer that was rejected by the student-loan servicer.
February 19 -
HomeStreet Bank will attempt to sell its stand-alone mortgage business and portfolio of servicing rights, a move that comes amid growing pressure from an activist investor to exit home lending and concerns about declining demand and regulatory challenges.
February 15 -
In selling its Walmart credit card portfolio to Capital One and extending a partnership with Sam’s Club that appeared to be in peril, Synchrony Financial avoids an expensive legal battle with the world’s largest retailer.
January 23