Alltel has donated $100,000 to the Mortgage Bankers Association of America's year-2000 readiness testing program.The contribution by the Jacksonville, Fla.-based software company will sponsor a portion of the MBA's Y2K testing that will facilitate coordination among third parties. "Coordinating the Y2K industry test is the best way to leverage resources and help protect our industry," said MBA executive vice president Paul Reid in lauding Alltel's commitment. The MBA's Year 2000 Industry-Wide Readiness Testing grew out of a subgroup of its Year 2000 Technology Committee. The subgroup is chaired by Lauren Meadows, Alltel's vice president of application development for its Mortgage Servicing Package. Alltel's website address is http://www.alltel.com.
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National Mortgage News spoke with Shant Banosian of Rate, Mark Cohen of Cohen Financial and Amanda Sessa of SWBC on how they stand out in their markets.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
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Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
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A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
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The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
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The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
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