American Capital Strategies Ltd. has entered into an agreement to act as an equity partner and majority shareholder of eLynx Ltd., a Cincinnati-based provider of secure electronic document delivery services to the mortgage industry.According to the agreement, eLynx will retain its name, corporate identity, and current staff and continue to operate from its Cincinnati headquarters. "This partnership provides eLynx with the financial strength and business resources to broaden our service offerings and continue our growth," said Phil Huff, chief executive officer and co-founder of eLynx. According to ACS managing director Robert Klein, the company will "work with eLynx so that it has the resources to develop products and services in advance of customer needs." eLynx can be found on the Web at http://www.elynx.com.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
6h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
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A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25