Posted To: Pipeline Press
Uh oh: New York state's financial regulator sent a letter to 28 fin tech companies seeking information about their online lending activities. But in these days of these days of online leads, Quicken Loans' Rocket Mortgage, Guaranteed Rate's Intuitive Loan Finder, reliance on technology, etc., is there a clear definition of "fin tech?" Or is it one of those, "I know it when I see it" things? (I don't think I'll find the answer to that in the WWII Museum here in New Orleans where I am today on the anniversary of D-Day.) Continuing the bank theme, the U.S. Securities and Exchange Commission is investigating Germany's Deutsche Bank and whether it delayed recognizing losses, or at least a hit to revenue, over several years by mispricing mortgage bonds. Reuters reports it is no small matter...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1TRAl66
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