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

PYMNTS

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. Last month, Gilbert sought an IPO for $3.3

Cleveland 233
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Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

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 Another home lending specialist, about 61 percent of the bank’s total assets ($1.56

Cleveland 150
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Rocket Cos. Shares Rise 19 Pct On IPO Debut

PYMNTS

the Detroit-based parent of mortgage lending giant Quicken Loans, reduced its bid to go public to $2 billion. billion and offered 150 million shares for $20 to $22 each, seeking to raise about $2 billion, according to a filing with the Securities and Exchange Commission (SEC). On Wednesday (Aug. 5), Rocket Cos., billion.

Detroit 160
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VCs Back Autobooks For SMB Banking

PYMNTS

Reports Monday (March 13) said Autobooks secured $5.5 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.”. FinTech Autobooks announced new funding to support its SMB banking solutions.

Detroit 122
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15 Minutes With … Scott Badley

Independent Banker

But a couple are pushing up against the metro Detroit area. So to answer the question about my role and duties, I have had the opportunity over the past couple years to be involved in compliance regulations, Bank Secrecy Act, security committee, information technology and many other areas. Badley: We have a cool blend of communities.

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VC Seems To Fizzle Out For B2B FinTechs

PYMNTS

Check out the startups that secured funding rounds this week below. Alternative Lending. Also landing a bit of debt funding was India’s Cash Suvidha, which secured $2.5 company said it secured $10 million in funding, which will go toward expanding staff and opening a new office, reports said. Treasury Management.

Fintech 100
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The Mother List of All Banking Books

Jeff For Banks

Detroit and Its Banks: The Story of Detroit Bank & Trust 1974 Bob Woodward Woodward, Bob Maestro: Greenspan's Fed And The American Boom 2000 Robert Wright Wright, Robert Genealogy of American Finance 2015 Robert E. The Maze of Banking: History, Theory, Crisis 2015 Gary B. Gorton Gorton, Gary B. Woodford Woodford, Arthur M.

America 78