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Corresp., AE, LO Jobs; Digital, Warehouse, Processing, Pricing Products; Freddie and Fannie News Apr 29 2021, 8:30AM
A “google” is the large number of 1 with 100 zeroes after it. For lenders, a billion is a large number, and it would be unheard of for a lender to save $1 billion in costs. But that is what Google’s parent Alphabet Inc. is saving, per year in costs, because employees are working from home, not traveling, not paying for company promotions, travel, or entertainment. (Wing is also a company owned by Alphabet, and is a drone company delivering Girl Scout Cookies to an area in Virginia.) While lenders are focused on the cost to manufacture a loan, and CEOs are busy educating their staffs about existing costs and reducing them, other people are… trying to sell an island in Florida at $3 million per bedroom? Hope your plumbing doesn’t back up, or that you forgot to buy basil for that pasta sauce you’re making tonight. Don’t forget t
Flagstar and NYCB to Merge in All-Stock Deal mortgageorb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageorb.com Daily Mail and Mail on Sunday newspapers.
Flagstar Bancorp Inc., a top 20 mortgage lender that does business nationwide, is merging with the nation’s largest thrift, New York Community Bancorp Inc., in a $2.6 billion deal will give the combined company nearly 400 branches in nine states.
Inman Connect
Flagstar Bancorp Inc., a top 20 mortgage lender that does business nationwide, is merging with the nation’s largest thrift, New York Community Bancorp Inc., in a $2.6 billion deal will give the combined company nearly 400 branches in nine states.
Thomas R. Cangemi
New York Community’s president and CEO, Thomas R. Cangemi will lead the combined company, which will be heaquartered in Long Island, New York. Cangemi called Flagstar “a like-minded partner” that will provide a “diversified revenue stream, an improved funding mix, and leverage our scale and technology, as we transition away from a traditional thrift model.”
Cyber Extortion Thriving Thanks to Accellion FTA Hits
May 20, 2021
May 3, 2021
Compliance
euroinfosec) • April 27, 2021
Average and median ransom payments per quarter, based on thousands of cases investigated (Source: Coveware)
The zero-day attacks against Accellion File Transfer Appliance users have rewritten the rules of the cyber extortion game, adding a new supply chain trick to ransomware gangs arsenal that they re sure to repeat.
Proof of success comes in the form of illicit revenue. In the first quarter of this year, the average cyber extortion payoff reached $220,298, a 43% increase from the previous quarter, ransomware incident response firm Coveware reports, based on thousands of cases it s helped investigate.