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Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

PYMNTS

billion and offered 150 million shares for $20 to $22 each, according to a filing with the Securities and Exchange Commission (SEC). Gilbert, owner of the Cleveland Cavaliers and founder of Quicken Loans will retain 79 percent of the voting power of the company’s common stock through controlling entities, the SEC filing shows.

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Rocket Mortgage Parent Plans $3.3B IPO

PYMNTS

The company is offering 150 million shares for $20 to $22 each, according to the Tuesday (July 28) filing with the Securities and Exchange Commission (SEC), Bloomberg wrote. Detroit-based Rocket Companies, which owns the Dan Gilbert -founded company Rocket Mortgage , is seeking an initial public offering (IPO) for $3.3

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Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

Cleveland, Ohio – First Federal Savings and Loan Association ($955 million). Flagstar capitalizes on going local, too. Cleveland’s top community bank for mortgages, First Federal Savings and Loan, headquartered in Lakewood, Ohio, offers a $300 closing cost credit. banks and credit unions. Blog Bank'

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SMEs Severely Dissatisfied With eLending Experience – Fed

PYMNTS

But Federal Reserve Bank of Cleveland senior policy analyst Ann Marie Wiersch told Forbes in an interview that bank lending to small businesses is still struggling. According to the Fed, 80 percent of SMEs that sought funding in 2015 received it, a 15 percent increase from 2014 levels.

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Retail Enabler: CardinalCommerce Protects SMBs From Holiday Fraud

PYMNTS

The eCommerce fraud protection company, headquartered in Cleveland, Ohio, announced last Friday (Nov. The CCA platform will enable SMBs to capitalize on the same form of fraud prevention utilized by some of the world’s largest online retailers. By 2018 it is projected that 20 percent of the world’s population will be shopping online.

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Amazon Sizzles, zCash Fizzles And ‘Cyber-9/11’ Is A When Not An If

PYMNTS

Cleveland – well at least blowing their three game lead wasn’t the fizzle of the week – that honor goes to U.S. cyber-security and its preparedness for a major attack. Personally I’m most worried about the water industry,” noted Jim Gillespie, whose Gray Matter Systems secures industrial-control systems. national security.

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Early-Bird Discount Extended for FinDEVr Silicon Valley

Fintech Labs Insights

Speaking topics will span the fintech spectrum with payments, blockchain, investment, big data, finance and wealth management, security, and more. NuData Security. Personal Capital. Capital One. Federal Reserve Bank of Cleveland. United Capital. Venture Capital Journal. Apex Clearing. AutoGravity.