As fears of a 2023 recession grow, more investor scrutiny is being applied to the consumer finance sector. The COVID-19 pandemic provided lots of support for struggling consumers. However, these support mechanisms are expiring, and it looks like delinquencies are rising. What does this mean for Ally Financial (ALLY 0.37%)? […]
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READY CAPITAL CORPORATION REPORTS THIRD QUARTER 2022 RESULTS
– GAAP EARNINGS PER COMMON SHARE OF $0.53 –– DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $0.46 –– DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS’ EQUITY OF 12.7% – NEW YORK, Nov. 7, 2022 /PRNewswire/ — Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that […]
Finance of America Mortgage announces shutdown
Amid one of the most challenging mortgage markets since the great financial crisis, Finance of America Mortgage LLC (FAM) will shut down by the end of the year following its decision to exit the wholesale channel and the collapse of a forward retail deal with Guaranteed Rate earlier this month. […]
Zest AI Partners with WithClutch to Expand Inclusive Financing and Refinancing Options for Credit Union Members
Zest AI, a Burbank-based financial services company that makes software for credit underwriting, and WithClutch, a tech company that builds digital experiences for credit unions, announced a partnership last week to offer finance and refinance rates through credit unions. Valentin “Our goal is to turn credit unions into fintechs,” Nicholas […]