Interactive Mortgage Advisors and Bob Dowell, formerly of Phoenix Analytic Services, have joined forces to form Interactive Mortgage Analytics LLC, Denver.The new entity is offering analytic services to the mortgage industry with an emphasis on the servicing asset. Its services include mark-to-market evaluations, FAS 140 advisory services, purchase or sale analysis, and customized analytic reports, the company said. Mr. Dowell joined Phoenix Capital in 1999 and became involved in the development of its specialized valuation entity, Phoenix Analytic Services. Interactive Mortgage Advisors is a specialized capital markets group that acts as principal in the purchase of whole loans and as an adviser to the mortgage banking industry. It can be found online at http://www.interactivemortgageadvisors.com.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24