Factual Data Corp., Loveland, Colo., has been chosen by Bankers Systems Inc., St. Cloud, Minn., to provide credit services to its ARTA Lending Documentation system clients on an exclusive basis.Together, the two firms will offer the ARTA Lending Credit Bureau Access Module, which will allow ARTA users to order merged credit reports from the main credit bureau repositories using their own repository codes. The new module will allow users to complete the credit application, send the request, and receive the credit information without having to exit from ARTA Lending. The companies did not specify when the new module would be ready for the market. Factual Data's website address is http://www.factualdata.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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