Credit Plus Inc., a credit information services company based in Salisbury, Md., has partnered with Document Systems Inc., Carson, Calif., in what amounts to a cross-marketing arrangement.Under the agreement, DSI -- a developer of software, tools, and Web-based systems for the production of compliant loan document packages -- will list Credit Plus as its preferred provider of credit information for its LoanMagic software. On the other side of the coin, Credit Plus has agreed to help market and distribute DSI's loan presentation system. Credit Plus can be found on the Web at http://www.creditplus.com, and DSI can be found at http://www.docmagic.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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The deal reinforces PennyMac's AI-focused pivot and will also accelerate development and growth of its proprietary servicing platform, the lender said.
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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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