Dorado Corp., San Mateo, Calif., says it will provide an online collaborative environment for mortgagebrokers who have been approved by GreenPoint Mortgage, New York, as part of a product and service agreement betweenthe two companies. Dorado, an application service provider, will contribute itsRelationship Commerce Platform and an e-Collaborator portal application that has been configured for wholesalemortgage lending. More than 15,000 approved brokers will be able to access GreenPoint's specialty loan productsusing the service, Dorado said. GreenPoint Mortgage is a subsidiary of GreenPoint Financial Corp. The companies'website addresses are http://www.dorado.com and http://www.greenpoint.com.
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National Mortgage News spoke with Shant Banosian of Rate, Mark Cohen of Cohen Financial and Amanda Sessa of SWBC on how they stand out in their markets.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
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Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
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A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
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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.
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The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
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