In a move to enable affiliated credit reporting agencies to help borrowers raise their credit scores, Credit Systems Design has announced that it will make the credit analysis system Deal Maker Score available to its broad base of credit reporting company clients.The announcement came at the National Association of Mortgage Brokers annual conference in Seattle. CSD's affiliated credit reporting agencies service the mortgage industry's lenders and brokers on CSD's UltraAMPS mortgage processing system. By providing access to Deal Maker Score, CSD said it is making it easy for mortgage originators to show borrowers how they can raise their credit scores to a target score. CSD, which provides the technology that enables credit reporting companies to deliver merged credit reports to their clients, can be found online at http://www.creditsystemsdesign.com.
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The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
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The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
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The mortgage unit of Hilltop Holdings lost $7.2 million pretax in the third quarter with lower volume, following making a small profit three months prior.
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FHA loans accounted for about half of the annual rise in foreclosure starts and 80% of the rise in active foreclosures in September, according to ICE.
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The Federal Reserve Friday issued a set of proposed changes to its stress testing program for the largest banks that would disclose the central bank's back-end stress testing models, a move that the Fed had long opposed out of fear of making the tests easier for banks to pass.
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Robert Hartheimer's arrest comes at a time when the bank is trying to recover from a consent order and the Synapse mess.
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