Mortgage Blog

Illinois just had its best Q1 in terms of total venture funding since the first quarter of 2000, during the height of the dot-com boom, according to a new MoneyTree report released Wednesday.

In the first quarter of 2018, more than $375 million was invested across 36 deals in Illinois companies. In the first quarters of 2017 and 2016, $188 million and $345 million were invested across 30 and 39 deals, respectively, according to the report, comprised of data from PricewaterhouseCoopers and CB Insights.

Some…

The local business expects to hire a fleet of service technicians who would hook up the car's existing system to a smartphone and even home Internet of Things network — but plans extend beyond services to cybersecurity IP to secure those devices.

In its last year under its old name payments processor Vantiv Inc. gave its CEO an 18 percent raise to more than $10 million.

Symmes Township-based Vantiv, which changed its name to Worldpay Inc. in January after completing the acquisition of the London-based global payments company by that name, paid CEO Charles Drucker $11.2 million last year, according to the company’s recently filed proxy statement. That’s up from the $9.5 million it paid Drucker in 2016.

Drucker was the sixth-highest-paid…

“We’ve seen, instead of doing research and development, companies are doing mergers and acquisitions.”

Dallas mortgage company Nationstar (NYSE: NSM) will pay $5 million in fines leveled by a key New York regulator for mishandling documents and loans during its boom years following the housing crisis.

The company, which was acquired by the former parent of failed bank Washington Mutual earlier this year, has been under investigation for how it treated struggling borrowers as it acquired massive amounts of loans while regulators cracked down on the industry. It began talks to reach a settlement last…

A new commercial real estate finance firm has been established in Miami with 26 employees, including key executives who currently work at Grass River Property.

The new 3650 REIT aims to provide first mortgages, bridge financing, investments and loan servicing nationwide. Several of its founding executives also work at Miami-based Grass River, which co-owns CocoWalk and the Shops at Sunset Place. Many of them previously worked at LNR Partners, one of the largest firms in the commercial mortgage servicing…

Newly unsealed documents show that, despite the feds having restrained nearly $2.6 million worth of assets from accused Raleigh investment manager Stephen Peters, there’s not nearly enough in the coffers to cover even “conservative” estimates of what was allegedly embezzled.

Beginning in July, the wealth management fees will be based entirely on how much money a client has invested with Fidelity.

A new bank rule could give more flexibility to borrowers and buyers in commercial real estate.

On April 2, the Federal Deposit Insurance Corp., along with the Board of Governors for the Federal Reserve System and the Office of the Comptroller of the Currency, issued a new threshold for commercial appraisals for real estate. Previously, property values of $250,000 required an appraisal. The new rule bumps that threshold up to properties valued at $500,000.

Alan Shettlesworth, president of Main…

Despite the rise of technology banking, building relationships with lenders is still vital to small businesses. Especially in New Mexico.