DAS Acquisition Co. LLC, St. Louis, has purchased a portion of the assets of LoanSurfer.com LLC for an undisclosed price. Douglas A. Schukar, president and chief executive officer of DAS, said the purchase includes the retail mortgage business for the St. Louis metropolitan area currently operating under the name USA Mortgage, along with the business-to-business private-label mortgage activity and other loan origination phases of the business. Mr. Schukar joined LoanSurfer.com in February of last year as the vice president of sales and new business development.
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The reverse mortgage companies squeezed thousands of dollars out of aging homeowners through various illegal fees, according to a new class action suit.
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The judge said Nexa CEO Mike Kortas' testimony lacked credibility, ruling that $350,000 transferred to Platinum One was an investment, not loan.
2h ago -
President Trump's announcement Friday morning that former investment banker and Fed Governor Kevin Warsh would be his selection as the next chairman of the Fed ends months of speculation and gives the president a key ally at the central bank.
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Former Rocket CEO takes new board position, Tidalwave welcomes MBA and ICE alums, NFM promotes at the top and Evergreen, Dark Matter add to their C-suites.
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DRMT 2026-INV1, is backed by a pool of 1,153 non-prime investment property mortgages, which have a moderate leverage levels of an original, combined loan-to-value (CLTV) ratio of 69.9%.
January 29 -
Competition that impacted margins and prepayments in excess of expectations were challenges during the period, but executives report first quarter improvement.
January 29



