Ninety-one US banks and thrifts missed paying their May 17 TARP dividend payment, according to data compiled by SNL Financial. The number of small banks missing their dividend payment has been rising each quarter — 74 missed in February.
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Quicken Loans has become the largest mortgage lender in the country over the last few years due in large part to the growth of Rocket Mortgage, the company’s digital mortgage platform. As it turns out, Rocket Mortgage is becoming so big that it’s now consuming other parts of the Quicken Loans family of companies too, namely the company’s reverse mortgage lender.
CIS Credit Solutions, which provides credit services for mortgage lenders, is adding a big name to its newly formed advisory board. The company announced Tuesday morning that former Speaker of the House Paul Ryan is joining the company’s board.