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Texana Bank to trim workforce in California

Housing Wire

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. The bank eliminated 72 mortgage jobs in Iowa across earlier layoffs.

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Stavvy lands $40 million Series A for aggressive growth

Housing Wire

Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. In addition to the funding round, Stavvy also announced its alliance with Flagstar Bank , the sixth-largest bank mortgage originator in the country, to provide remote loan modification services.

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Figure Lending lands $100M funding facility

Housing Wire

Wall Street partners in financing facilities include Jefferies , other banks and funds and now JPMorgan Chase. The company has applied for a national bank charter that would permit it to take uninsured deposits of over $250,000 from accredited investors, but not FDIC-insured deposits. billion across these deals. This facility with J.P.

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Top Tips and Considerations For Buying Land

Realty Biz

Buying land represents a pivotal investment in one's future. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives.

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Digital mortgage startup Maxwell lands $16M in Series B

Housing Wire

They currently represent the largest home-buying segment at 72 million people, are digital natives and tend to distrust large banks. The post Digital mortgage startup Maxwell lands $16M in Series B appeared first on HousingWire.

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CertifID and Old Republic partner to prevent fraud

Housing Wire

Mortgage payoff fraud occurs when a title company mistakenly sends payoff funds to a fraudulent bank account after receiving wire instructions that appear to be from the mortgage servicer. The instructions, however, are actually from fraudsters. said in a statement.

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Reverse mortgage originators on the referral opportunities they’re watching in 2024

Housing Wire

To get the lay of the land, RMD spoke to front-line reverse mortgage originators Jim Cullen in Green Bay, Wisconsin; David Heilman in Mount Pleasant, South Carolina; and Bruce Simmons in Denver. I’ve concentrated on banking ever since I really got in this industry.”

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