Mortgage Blog

Great Western Bank, soon to enter the Wichita market, has locations in nine U.S. states.

The deal caps a remarkable recovery for QuoteWizard, which carried out deep cuts during a downturn in 2016.

Robert Gabaldon has jumped back into the banking world.

After a short stint at Plum Lending, a San Francisco-based firm that specializes in commercial real estate lending, Gabaldon has joined First Citizens Bank as a commercial banker, according to a news release.

“Robert brings a tremendous amount of financial experience,” Frank Smith, a spokesperson with First Citizens Bank, said in a statement to Business First. “He knows the market extremely well.”

Prior to his stop at Plum Lending, Gabaldon…

A belated ray of corporate-disclosure sunlight arrived this year in SEC filings. It was beamed from the legislative firestorm caused by 2007's financial meltdown and subsequent Great Recession.

As stipulated by the 2010 Dodd-Frank Act, as U.S. public companies began filing their 2017 proxy statements with the SEC, they started disclosing the ratio of their CEO's total pay — including salary, bonuses, stock/option awards, incentive and other compensation — divided by the median compensation of…

Atlanta-based SunTrust Banks Inc. (NYSE: STI) has appointed Jeff Lieberman as its Greater Washington metropolitan market president, a new position carved out by the bank.

Lieberman was the senior vice president in the company's commercial banking corporate finance group, responsible for advising clients in the region. He has been with the company since 2014, previously serving as a director in SunTrust Robinson Humphrey's financial sponsors group.

In his new role, he will report directly to…

Geoffrey the Giraffe may be ready for a comeback.

Toys “R” Us Inc. lenders indicated they are seeking to reorganize the assets into a new company that would maintain the current license agreements and invest in new retail operating businesses.

The group, which includes Solus Alternative Asset Management and Angelo Gordon & Co., controls rights to the company’s name and that of Babies “R” Us through the intellectual property holding company Geoffrey LLC. The intellectual property served as collateral…

Prudential Retirement has been selected by Norwegian Cruise Line Holdings Ltd. to oversee that latter company's 401(k) retirement plan.

The deal puts Prudential in charge of $150 million in retirement assets covering about 2,100 participants.

Prudential is a unit of Newark, New Jersey-based Prudential Financial Inc. (NYSE: PRU).

Miami-based Norwegian Cruise Line Holdings operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands and has a combined fleet of 26 ships…

Members of the American Federation of Teachers filed a lawsuit against student loan servicer Navient Corp., claiming it misled borrowers in public service professions from accessing a loan forgiveness program to boost its own profits.

The lawsuit, filed Wednesday in U.S. District Court in New York, focuses on the assertion that Wilmington, Del.-based Navient (NASDAQ:NAVI) prevented borrowers from enrolling in Public Service Loan Forgiveness, a 10-year payoff plan administered by rival servicer FedLoan.

As…

Here's a look at what business owners anticipate for the economy in the coming months.

A group of lenders that now control defunct retailer Toys 'R' Us filed court documents Oct. 1 that said they are dropping plans to auction off the company and instead have a new plan to revive the national retailer.

The same day the Wall Street Journal first reported the news, the intellectual property holding company subsidiary for the toy store chain, Geoffrey LLC, said that the existing term lenders' offer “was meaningfully higher and better” than the sum of bids received for individual assets…