Financial Industry Computer Systems Inc., Dallas, has announced that Desert Schools Federal Credit Union, Phoenix, has chosen the FICS commercial mortgage loan servicing system.FICS said the credit union picked Commercial Servicer (along with an add-on product, Commercial Accountant) because it offered the best match with its FICS-driven mortgage servicing system, Mortgage Servicer. FICS, a mortgage technology specialist, can be found on the Internet at http://www.loanware.com.
-
The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
11h ago -
Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
April 30 -
A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
April 30 -
The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
April 30 -
The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
April 30 -
The technology firm posted annual gains in servicing, origination and closing solutions, although the segment at large posted an operating loss.
April 30









