Data-Vision Inc. has signed a non-binding letter of intent to purchase all or substantially all of the operating assets of Netupdate Inc., a Web-based point-of-sale technology provider. No sale price was disclosed. Netupdate is a wholly owned subsidiary of Most Home Corp., a national provider of online customer service solutions for the mortgage and real estate industries. The acquisition of Netupdate http://www.netupdate.com will strategically advance the accessibility and quality of Data-Vision's integrated Internet lending technologies. Data-Vision's goal is to come to market with a suite of Web portal and e-lending solutions, complete with capabilities such as online origination, point-of-sale, lead capture, instant decisioning, product selection, initial disclosures and secure electronic document delivery. Data-Vision can be found on the Web at http://www.d-vision.com.
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Experts have some tips for how to best employ strategies that can minimize the damage from changes in the market.
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Bill Pulte, FHFA director, has ordered Fannie Mae to update its servicer guide to mirror Freddie Mac policy regarding notifying borrowers about dropping MI.
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Seven of eight offices are open; debit cards are capped at $1,000 a day; and the bank's website is down. The bank has given no restoration date.
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It will be a promotion for Jones, currently the deputy assistant secretary for single-family housing at the Department of Housing and Urban Development.
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The Federal Housing Administration share of August new-home purchase applications hit its highest mark in three months, the Mortgage Bankers Association said.
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While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank's communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.
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