DRI Management Systems Inc., a provider of default management software based in Newport Beach, Calif., and Artemis Enterprises LLC, Chicago, announced an alliance at the Mortgage Bankers Association convention that offers single-source access to process and information management technology.Mutual clients will gain "substantial cost saving benefits" through time efficiencies and reduction in the risk associated with untimely and inaccurate communication errors, the companies said. "The combination of process and cross-enterprise contact and content data management has never been offered in this industry before," said Mary Hunter, president and chief executive officer of Artemis. The companies can be found on the Web at http://www.dridefault.com and http://www.artemisinfo.com.
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Lenders may not be able to fully respond to the broader government-sponsored enterprises' rollout of VantageScore 4.0 yet but there is one thing they can do now.
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Sellers are easing demands as rates hit 15-month highs, giving buyers leverage. Originators: target sideline buyers before next week's Fed hike lifts rates further.
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The decrease in jumbo availability accounted for much of the drop in the latest mortgage credit index, as conforming and government offerings were unchanged.
September 11 -
The consumer price index rose 0.4% last month, in line with July's reading. For a monetary policy committee that has been split on inflation, the inconclusive report will compel the Fed to make a call on whether to raise interest rates or stay put.
September 11 -
Abacus Federal Savings Bank in Chinatown scrambled to reopen in the days following the World Trade Center attacks. The exercise resulted in the bank's first disaster-recovery plan.
September 11 -
The current transaction has the largest collateral pool that the platform has issued all year, with 294 loans, and it has the highest percentage of conforming loans, at 45.1%.
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