Scotiabank hires JPMorgan team to lead new mortgage biz

Toronto-based Bank of Nova Scotia, which operates as Scotiabank, has hired a group of JPMorgan Chase Bank executives to lead a new mortgage capital markets business that expects to launch this fall.Industry veteran Thanh Roettele, who spent more than 28 years at JPMorgan and was the managing directo

Lofty CTO Henry Li on understanding the boundaries of AI

Editor in Chief Sarah Wheeler sat down with Lofty CTO Henry Li to talk about the boundaries of artificial intelligence and how it’s reshaping his company’s roadmap. Sarah Wheeler: What differentiates Lofty’s technology?Henry Li: Lofty is a platform product — that’s been our vision from day one. We w

Ginnie Mae files slew of documents, opposes summary judgment motion in TCB court case

Attorneys for the U.S. government, working on behalf of Ginnie Mae and the U.S. Department of Housing and Urban Development (HUD), last week filed a slew of new documents in their court case against Texas Capital Bank (TCB). These were primarily in response to the bank’s prior motion for a partial s

The Wealthy Are Bringing Big Money and Luxurious Lodges to Maine’s Lakes

CLEARWOOD TECH AND RACHEL SIEBEN FOR WSJ“On a clear day, you can see the top of Mount Washington,” says Joanne Ricciardiello, peering through a curtain of towering oak and pine trees that surrounds her newly built, roughly 4,300-square-foot home on Maine’s Sebago Lake.She walks down a gravel path to