PYMNTS
AUGUST 5, 2020
Rocket Companies, the parent of mortgage lending giant Quicken Loans , reduced its terms to go public, Bloomberg reported. The Detroit-based company is expected to market a reduced number of shares at about $18 to $20 apiece, Bloomberg reported, citing sources. which is owned by Gilbert.
American Banker
APRIL 18, 2024
The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.
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Bank Innovation
APRIL 19, 2019
The Detroit, Mich.-based based online-only bank, Ally Financial, had 120,000 new deposit customers in the first quarter on 2019, CEO Jeff Brown said on the bank's 1Q earnings call Thursday, bringing the Ally’s total depositor count to 1.77 million — a 20% YoY increase.
Abrigo
JANUARY 15, 2015
In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending. • Detroit, Michigan – Flagstar Bank ($4.65 Flagstar capitalizes on going local, too. • Dallas, Texas – PlainsCapital Bank ($1.89
PYMNTS
AUGUST 7, 2020
the Detroit-based parent of mortgage lending giant Quicken Loans, reduced its bid to go public to $2 billion. You’re seeing a low-rate environment in conjunction with decreased (mortgage) applications,” Michael Underhill, chief investment officer for Capital Innovations, the Wisconsin-based firm that invests in IPOs, told Reuters. “So,
PYMNTS
MARCH 14, 2017
Banks and credit unions are looking for differentiated product offerings that not only deliver value for their members, but create new revenue streams and lending opportunities.”.
PYMNTS
AUGUST 27, 2018
car maker said the new unit will also be charged with accelerating the autonomous vehicle (AV) business, so that Ford can capitalize on market opportunities. The combined lending by VW, Mercedes-Benz owner Daimler, BMW and Renault has more than doubled to €400 billion since the financial crisis.
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