Wayne, Pa.-based GHR Systems recently hit a milestone when its BrokerOneSource portal surpassed the 10,000-registered broker threshold.BOS is an online mortgage origination marketplace that connects wholesale lenders with mortgage brokers. Participating lenders use the site to approve new brokers, distribute their product and pricing information to more brokers, and obtain electronic loan applications. Participating brokers can become approved with new lenders, use the BestFit Loan Search capability to find lenders with eligible products, submit loans to lenders for approval, and order a variety of third-party services. GHR can be found on the Web at http://www.ghrsystems.com or http://www.brokeronesource.com.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
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The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
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A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
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The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
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The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
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The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
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