Ocwen Financial Corp. said it will appeal a ruling by the Nevada Division of Mortgage Lending preventing it from acquiring mortgage servicing rights and originating loans until it can manage its existing mortgage escrow accounts without harming consumers.
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Choosing a bank or even making a decision to leave your financial institution involves more than deciding where to open a new account.
The three bankers, John Guedry, CEO of Bank of Nevada; Ryan Sulllivan, president and CEO of Bank of George; and Kirk Clausen, Nevada region president for Wells Fargo appeared Sept. 8 at the Las Vegas Country Club luncheon sponsored by the Commercial Real Estate Women Las Vegas, a newly formed group also known as CREW Las Vegas.
Watch out Los Angeles and San Francisco. Both may be top-tier real estate markets, but other cities, including Las Vegas and Henderson, are attracting investors looking to capitalize on secondary markets whose economies were slower to rebound from the recession.
Government agencies, banks and consumer advocacy groups have been trying to find ways to clamp down on the predatory nature and proliferation of payday and title loan businesses.
Linda Ayres, a loan consultant at New American Funding’s Las Vegas office, was chosen earlier this year to sit on the newly formed Department of Housing and Urban Development’s Housing Counseling Federal Advisory Committee, created to help design HUDS’ future efforts on homebuyer education.
A new report from the Brookings Institution, a Washington, D.C.-based think tank, said Las Vegas ranked No. 63 out of 100 metropolitan areas in number of advanced industry jobs with 32,967. That’s a cluster of high-paying jobs in manufacturing, technology, engineering and other sectors. While the number may seem disappointing to those wanting a more diverse economy, Las Vegas is making progress. Between 2013 and the end of 2015, it grew by 3.4 percent a year in adding those jobs. That’s ranked 32nd in the nation.
The asset quality for Nevada’s locally chartered banks continued to improve in the first quarter of 2016, according to data released by a federal agency.
The financial industry has learned from the Great Recession and downturn that resulted from the real estate collapse and is better for it today. That’s the message from Nevada State Bank CEO Dallas Haun, who said the 56-year-old institution took a broader approach when it was reorganized in 2010; and that model has served it well since.
Indexes that measure the future of the Las Vegas in the coming months are headed in the right direction, according to a report from the Center for Business and Economic Research at UNLV.
American investors are more optimistic in the financial markets after a rocky first quarter, according to a new survey from Wells Fargo and Gallup.
Jerry Wise, owner and chairman of Santa Clarita, California-based Brad Management, a commercial real estate management and investment firm, took on part of the funding for his purchase of Rocksprings Plaza retail center at 7175 W. Lake Mead Blvd. last year through a crowdfunding platform.
It’s no secret that people are turning to digital capabilities to stay connected to their daily lives, and banking is no different. We’re seeing more customers choose to manage many of their everyday banking transactions — such as depositing checks, checking balances and transferring money — through their mobile devices, online or at ATMs.
Andreea Porcelli founded Monaco Growth Forums, an exclusive, invitation-only conference highlighting growth companies seeking capital and greater exposure.
Wells Fargo has launched a program to help first-time homebuyers and those with low-to-moderate incomes to become homeowners.
Community banks around the valley took a huge blow during the recession. But they’ve been staging a comeback in recent years.
A generational divide between millennial small business owners and their older counterparts exists in their long-term commitment and the financial risks those owners are willing to take, according to the recently released Wells Fargo Millennial Small Business Owner Study.
MGM Resorts International CEO Jim Murren tops the Business Press’ executive compensation list this year, up from ninth place last year. While his $2 million base pay and bonus ranked fourth, value realized from company stock made the difference.
I am often asked by business owners how to generate additional cash, beyond what their own company’s cash requirements are, to make an acquisition, expand into new territories, hire additional staff or buy a new plant and equipment. All of these growth scenarios take significant cash. Since many companies have existing debt, their borrowing capacity is often limited. Therefore, generating additional cash strengthens a company’s balance sheet permitting the company to increase its credit facility.
No business epitomizes surviving the Great Recession in Southern Nevada than Town & Country Bank, which now considers itself well-positioned in the recovering economy.
Southern Nevada small-business owners facing balloon payments on their real estate loans are about to get some much-needed relief.
Dominic Ng sees the manufacturing job growth potential in Nevada. His one big concern and advice is that the state needs to improve its educational system to make that happen.
As banking online and on mobile devices reaches record levels, Bank of America continues to beef up its employment at its Summerlin digital contract center.