IntraPrise Solutions Inc., Newton, Pa., has acquired the business of Merit Dynamics Inc., a provider of loan product information to the mortgage industry based in Cape May Court House, N.J.The terms of the transaction were not disclosed. Merit maintains a searchable database of product specifications from more than 120 investors and over 2,200 separate products turning investor product manuals into a standardized database accessible to any authorized user with a Web browser. In the future as part of the acquisition, ISI's software products will integrate with Merit Matrix. ISI provides software systems and managed services for the financial services industry. The companies can be found on the Web at http://www.intraprisesolutions.com and http://www.meritdynamics.com.
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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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