by Ryan Smith22 Dec 2017 The personal information of 123 million American households was exposed in after marketing and analytics company Alteryx suffered a data breach, it was announced Tuesday. Cyber risk company UpGuard announced the breach, which occurred in October. According to UpGuard, Alteryx left a database containing sensitive information on 123 million households …
Month: December 2017
How video may change the mortgage experience
by Francis Monfort22 Dec 2017 CrossMedia’s Unify CRM provides lenders with LOS integration, lead generation and management, contact management and marketing automation. Sales Manager Scott Gabel sat down with MPA to discuss developments at the company and his thoughts about the future of mortgage technology. MPA: What is new at Cross Media? Scott Gabel: The …
Exclusive: Bank of America Merrill Lynch to pay $26 million for allegedly failing to report suspicious transactions
NEW YORK (TR Regulatory Intelligence) – Wall Street regulators later Thursday or early next week are expected to fine Bank of America Merrill Lynch (BAC.N) a total of $26 million over alleged failures to report suspicious transactions, two sources familiar with the matter said. https://www.reuters.com/article/us-bankamerica-regulation-exclusive/exclusive-bank-of-america-merrill-lynch-to-pay-26-million-for-allegedly-failing-to-report-suspicious-transactions-idUSKBN1EF2VR?il=0
JPMorgan Reprimanded by Swiss in 1MDB Money-Laundering Case
Switzerland’s financial regulator will conduct a detailed review of JPMorgan Chase & Co.’s anti-money laundering controls after finding the bank seriously breached regulations in its dealings with Malaysian sovereign wealth fund 1MDB. The regulator, which undertook enforcement proceedings between May 2016 and June 2017, uncovered “serious shortcomings” in connection with relationships and transactions associated with 1MDB, …
Robins Kaplan LLP Appointed Co-Lead Counsel in Civil Action over Wells Fargo Auto Insurance Scheme
NEW YORK–(BUSINESS WIRE)–National trial firm Robins Kaplan LLP® has been court appointed as co-lead counsel on behalf of plaintiffs impacted by Wells Fargo’s acknowledged practice of wrongfully charging auto loan borrowers for unnecessary and duplicative auto insurance. A report by The New York Times uncovering the bank’s misconduct indicated that more than 800,000 customers were affected, and Wells Fargo …
Wells Fargo Fights Oakland’s Lending Lawsuit
SAN FRANCISCO (CN) — Wells Fargo on Thursday asked a federal judge to reject Oakland’s lawsuit claiming the bank’s racist lending practices cost the city millions in lost tax revenue. “If a borrower got a bad loan, did they default because of that or because they lost their job?” Wells Fargo attorney Paul Hancock, of …
Mortgage bank VP arrested in $12 million fraud case
A former mortgage bank exec has been indicted for allegedly participating in a scam to cheat warehouse lenders out of more than $12 million. According to the US Attorney’s Office for the Southern District of New York, John Reimer, a former vice president for an unnamed mortgage bank, was arrested in Florida Thursday. Reimer has …
Class Appraisal announces new president
The nationwide appraisal management company announced the appointment of John Fraas as its president earlier this week. “We are delighted to have John join our company, as it represents our continued commitment to building the best team in the industry in order to drive our future growth initiatives,” Class Appraisal CEO Alex Elezaj said. “John …
Should you invest in real estate?
by Jim Jones Brick and mortar, there’s no better way to save your money. And for decades, the most solid investment you could make was in real estate. But is this still the case? If not, when will it be a good time to invest in real estate once again? According to the information in …
Caltabiano: Keeping the mortgage business personal
Joe Caltabiano is one of the top originators in the country. Since 2001, he’s originated more than $2.5 billion in loans. A perennial entry in “top originators” lists, for the last decade Caltabiano has been synonymous with Guaranteed Rate. But he recently left Guaranteed Rate to join a brand-new company, bemortgage, as senior vice president …