ComplianceEase, a division of San Francisco-based LogicEase Solutions Inc., has released PredatorAnalyzer AssureCert, which the company is calling "the industry's first fully-warranted automated compliance solution."Specifically, the product is designed to enable originators to comply with high-cost and anti-predatory lending legislation and protect against violations. The company will combine the new offering with its existing PredatorAnalyzer product. The combined product is backed by an A.M. Best-rated A++ insurer and covers losses due to fines, penalties, judgments, and secondary-market transaction losses due to compliance defects. The product is available for loan-level protection of up to $300,000 with a coverage period of five years. ComplianceEase can be found on the Web at http://www.complianceease.com.
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Newly minted Federal Reserve Chair Kevin Warsh will host his inaugural press conference on Wednesday. Bankers will be paying close attention to what he says — and how he says it.
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The Federal Housing Finance Agency's annual report to Congress asks for enforcement and referral powers beyond the limited ones it currently has.
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Rithm and UWM Holdings are the favorite names among publicly traded lenders, while BTIG adds coverage of Better Home & Finance at a buy rating.
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The deal offers a series of exchangeable, class A and B notes, which will pay coupons ranging from 6.00% on the A1 tranche to 5.00% on the A33 tranche.
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This industry executive finds subservicing mortgages impacted by rule changes and relatively higher delinquency rates helps test operations and keep them sharp.
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