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Red flag: Guild finds gaps in internal controls

Guild Mortgage disclosed to the SEC that it did not have sufficient staff with the experience to design and operate its controls over financial reporting. ....

Residential-mortgage-services ,

Personnel File - No. 277 - Banker & Tradesman

Personnel File - No. 277 - Banker & Tradesman
bankerandtradesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bankerandtradesman.com Daily Mail and Mail on Sunday newspapers.

Boston , Massachusetts , United-states , South-shore , North-brookfield , Leominster , Washington , Berkshire , Vincent-tirabassi , Stephen-morrison , Jonathan-bailey-francois , Jonathan-loring

Guild looks for acquisitions, as profits come in lower

Net income declined by over 40% for both the quarter and year due to smaller gain-on-sale margins, but its servicing financials picked up. ....

United-states , Mary-ann-mcgarry , Henry-coffey , Terry-schmidt , National-mortgage-news , San-guild-holdings , Guild-mortgage , Residential-mortgage-services , San-diego-based-guild-holdings , National-mortgage , Mortgage-services , Northeastern-united

New Rules, Enforcement Actions Make Financial Institutions' Planning for Cyberattacks Even More Imperative | Skadden, Arps, Slate, Meagher & Flom LLP

Takeaways - Implementing strong cybersecurity practices helps companies prepare for future regulatory requirements. Incident-response plans must enable. ....

California , United-states , Party-risk-assessments-to-test-cybersecurity-programs , Accurate-communications , Companies-with-strong-cybersecurity-programs , Deposit-insurance-corporation , Residential-mortgage-services-inc , Meagher-flom , York-state-department-of-financial-services , Federal-reserve , Exchange-commission

Mortgage lenders face jump in fraud costs, attack volumes since pandemic began

The cost of fraud overall for U.S. banks and lenders has leapt between 6.7% and 9.9%, according to a recent report by LexisNexis Risk Solutions.
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Houston , Texas , United-states , Canada , American , Christopher-schnieper , Brandon-bell-getty , Exchange-commission , Residential-mortgage-services-inc , Lexisnexis-risk-solutions , Lexisnexis , Financial-services-lending