Mortgage Blog

Richardson financial technology company ModoPayments has raised $5.2 million, a filing shows. The capital injection is related to the recent acquisition of Modo by Deutsche Bank, a spokesman for the banking giant confirmed. The German bank announced in August that it was purchasing a stake in the company, which develops a way to make payments easier and faster.

Three Birmingham executives have been named on a list of key influencers in the national financial sector.

Tom Broughton of ServisFirst Bank (Nasdaq: SFBS), Jason Eppenger of Citizens Trust Bank and Shannon Spotswood of RFG Advisory were the three Birmingham individuals to make the cut.

The Business Journals’ Influencers: Finance spotlights 100 executives who are having an impact on the banking and financial world across the nation. These executives represent both large, nationally known lenders…

The fundraising rounds totaled $1.5 million from more than two dozen investors.

UMB Financial Corp., a Kansas City-based financial services holding company (Nasdaq: UMBF), formed a partnership with a Visa subsidiary called Fraedom, which will lead to development of new technology for helping its business clients deal with expense card management.

The partnership will launch new programs in several phases. The first phase involves migrating UMB's commercial card customers onto Fraedom’s advanced card technology platform, which will offer an improved experience and enhanced…

Billionaire Phillip Frost, the CEO of Opko Health and one of Miami’s most well-known entrepreneurs, is among 10 people named in a civil penny-stock fraud lawsuit by the Securities and Exchange Commission.

A Miami Beach resident, Frost has a net worth of $2.6 billion, according to Forbes. News of these civil charges could rock South Florida’s business world. Miami-based Opko (Nasdaq: OPK) was also named in the SEC complaint.

Officials with Opko and Frost’s office declined comment.

Shares…

Why cost savings still might happen.

Former NBA star Kevin Garnett is suing Louisville accountant Michael Wertheim, and his firm, Welenken CPAs, for malpractice, breach of fiduciary duty and aiding and abetting.

In the lawsuit, Garnett alleges he suffered an enormous financial loss — $77 million — at the hands of his long-term wealth manager, confidant and personal friend Charles Banks IV. Wertheim and his firm represented Garnett for years and the suit says there were times when it did nothing to stem these losses in spite…

With $5.9 million of incentives approved and the potential of almost $118,000 more, National General Insurance has decided it will remain in Winston-Salem, where it will invest $12.2 million and add 626 new jobs over five years.

Gov. Roy Cooper on Thursday afternoon announced the company's decision. The city and state have approved incentives totaling $5.9 million, and Forsyth County commissioners were set to vote on incentives up to $117,566 at yesterday's meeting. There had been no word on the…

Three metro Birmingham counties are the most insured counties in Alabama.

That’s according to a recent study by financial technology company SmartAsset that highlights the counties across the nation with the highest percentage of people with insurance coverage.

Shelby County landed in the first spot in Alabama with 82.10 percent of people carrying auto insurance, 92.08 percent of people with health insurance and 108.36 percent of people having life insurance. The county’s overall coverage index…

Relay Accounting Management has grown to a full-service, outsourced accounting firm, serving small businesses of all sizes.