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Rocket starts higher conforming limit marketing push
The annual large independent mortgage banker race to raise their internal conforming loan limit ahead of the formal announcement in November has begun. Processing Content These firms, a group which includes both publicly traded and private companies, have the financial wherewithal that their smaller sized brethren don’t, by being able to put these loans on…
Uphold Cuts Staff. The Money Now Goes to Its Bank-Facing Business
Uphold has cut its global headcount by 17%, laying off roughly 85 employees and contractors, CoinDesk reported, citing sources familiar with the matter. The company is redirecting spending toward its enterprise business after nearly doubling headcount during what CEO Simon McLoughlin called a period of “extraordinary growth.” What Uphold Is Selling to Partners Founded in…
WestJet flight attendants go on strike after talks fall through
WestJet flight attendants go on strike after talks fall through
Muni yields swing down after weeks of losses
Munis rallied Wednesday, as U.S. Treasuries cheapened and equities ended mixed. Processing Content Muni yields richened by six to 18 basis points, with the biggest gains at the front and belly of the curve. Muni-to-UST ratios fell by two to three percentage points across the curve. UST yields cheapened by two to seven basis points,…
Paramount Could Acquire Warner Bros. Discovery Sooner Than Expected. Here’s What That Means for Netflix Investors.
Netflix (NFLX +2.19%) once again finds itself on the outside of Hollywood looking in. The Silicon Valley disruptor looked set to take over one of Tinseltown’s most prized properties, Warner Bros. Discovery (WBD +10.79%), but a last-minute bidding war made Paramount Skydance (PSKY -2.94%) the winner after Netflix bowed out. Now, after several state attorneys…
Blockchain Firm Figure Reports Q2 Results
Figure Technology Solutions (Nasdaq: FIGR; OPEN: FGRS), a capital markets blockchain firm founded by Mike Cagney, reported Q2 earnings, delivering net revenue of $226 million, up 113% from the same period the prior year. The consumer loan marketplace booked $4.3 billion in volume during the quarter, a 132% increase year over year. Net income increased…