Mortgage Blog

“Obviously, we love the market,” said Old National CEO Bob Jones in an interview. “We think scale is really important.”

The company is seeking facilities of 100,000 and 70,000 square feet.

Golden Pacific Bank unveiled its new headquarters in midtown Sacramento with a grand opening event on June 20. It attracted more than 200 people, including several local business leaders.

The bank had been in downtown Sacramento's Park Tower building at 980 Ninth St. since it started in 2010. It moved to a building it purchased at 1409 28th St. in midtown Sacramento.

The midtown location includes not only the bank's headquarters, but also a branch and loan production center.

Check out our slideshow…

A Boston jury on Tuesday convicted a former high-ranking State Street Corp. executive of plotting to secretly overcharge clients by millions of dollars while at the financial services firm.

Ross McLellan, who was based out of Boston until he left State Street in 2012, was found guilty on five of the six counts he faced, including securities and wire fraud. He is scheduled to be sentenced on Oct. 10. The trial lasted just over two weeks.

McLellan and a handful of other colleagues added secret commissions…

Homee, a Tampa company with an on-demand property maintenance app, closed an $11 million financing led by Activate Capital Partners and with participation from Atlanta-based The Home Depot (NYSE: HD).

The investment announced Tuesday is integral to Homee’s growth, said Doug Schaedler, co-founder and CEO. It also includes Homee’s existing investors.

Homee launched in July 2016 and has raised $15 million to date, including earlier funding from Florida Funders and Tampa Bay Lighting owner Jeff…

Local businesses can protect themselves from fraud with findings revealed in a new research report.

The Better Business Bureau has partnered with state and federal agencies on “Operation Main Street: Stopping Small Business Scams.” This initiative targets operations seeking to defraud small businesses and assist in educating small businesses themselves about fraud prevention tactics.

“With more than 35 million small businesses in North America, small businesses are a prime target because…

Good morning, Boston. Here are five things you need to know in Boston business news to help start your busy Wednesday:

GE gains nearly $9B in value on plan to break up company

General Electric Co. shares closed up by more than 8 percent yesterday as investors registered their approval with the Boston-based conglomerate’s plan to, well, de-conglomerate. It announced yesterday it is splitting off its health care business and selling its large stake in oil services company Baker Hughes.

Mass.…

Credit unions are becoming a primary source of financial education for their members and communities.

Charlotte's two most prominent banks passed the Federal Reserve's first round of 2018 Dodd-Frank Act stress tests this week.

Bank of America Corp. (NYSE: BAC) and Wells Fargo & Co. (NYSE: WFC) were among 35 of the country's largest banks to show they could weather a “severely adverse” economic meltdown, similar to that in the 2008-09 recession. Results of the Fed's Comprehensive Capital Analysis and Review will be released Thursday.

“Stress tests help ensure that banks have adequate capital to…

Wells Fargo & Co. (NYSE: WFC) announced Friday it will lay off 100 employees at its Fort Mill mortgage office.

The bank says the layoffs are the result of “continuing market changes” and in an effort “to better align with current volumes.”

“The decision to reduce our workforce is made with great concern for our team members. Wells Fargo Home Mortgage is committed to retaining valued team members and, where possible, we will work to identify other opportunities within Wells Fargo,” the bank says…