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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Growth in retained and investment portfolios drove gains as the government-sponsored enterprise reported the highest refinancing share seen in four years.
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Higher utilization and aggregate excess payments point to pressure, according to TransUnion. Debt-to-income averages remain below traditional mortgage caps.
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Meet the top loan originators in the 28th edition of National Mortgage News' annual ranking and learn how they approach purchase business.
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Rocket, United Wholesale Mortgage and Pennymac said they will use the new government-sponsored enterprise credit metric as large lenders get on board.
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One-time Rocket exec Mike Fawaz founded brokerage and tech firm Origna8 with his former adversary's backing, which both say will enable it to quickly scale.
April 29 -
Federal Reserve Chair Jerome Powell told reporters Wednesday that he would remain on the Fed board after his term as chair expires next month, resolving the last and most significant open question about his departure and the onset of Kevin Warsh's leadership at the central bank.
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