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BY Rob Blackwell
IBM will purchase Promontory Financial Group — a consultancy so influential it has been dubbed the industry's "shadow regulator" — in a move that could extend artificial intelligence into every aspect of banking.
Mortgages jumped more than 20% to 7.4 million originations in 2015, reversing a more than 30% decrease a year earlier, according to housing finance data released Thursday.  more »
The Department of Justice wants banks to more fully cooperate with civil investigations. Companies now are expected to "materially assist" the agency in providing documents, access to witnesses and even inculpatory documentary evidence such as emails and text messages.  more »
In some housing markets, the right combination of wages, home prices and rental market conditions makes owning a home a virtual no-brainer.  more »
Producer Profile
Mortgage loan officers keep an eye on the long game, but making a sale is more than the sale; ushering people through the biggest purchase of their lives requires the ability to maintain relationships over time.
The results of the 2016 Top Producers Survey reflect a year of booming business for loan officers, both in terms of the dollar volume and number of loans reported by each loan officer.
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