Ron Litt has been named president of Market Kinetix LLC, a Houston-based company whose flagship product, Deal Maker, provides mortgage originators with a customized plan to enable borrowers to boost their credit scores quickly.Mr. Litt, who was most recently a product spokesman for Market Kinetix, was previously president of Advantage Credit. He was also senior vice president of retail operations at MortgagelT, a New York-based mortgage banker, and senior vice president and chief technology officer of Houston-based Allied Home Mortgage Capital. Before his career in the mortgage industry, Mr. Litt headed a private consulting practice that worked with NASA on the Space Shuttle and early Mercury manned space programs, according to Market Kinetix.
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CrossCountry increased its agreed-to offer for the real estate investment trust by 50 cents per share, as UWM Holdings made an unsolicited bid on April 20.
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The former Wall Street player blamed its decline on rising interest rates, trouble at its lending subsidiary, and debt stemming from the Great Financial Crisis.
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The Federal Open Market Committee's April meeting — likely Federal Reserve Chair Jerome Powell's last — is unanimously expected to keep interest rates steady, but questions about energy, inflation and the upcoming transition in leadership still loom.
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Jonathan Corr, the former CEO of Ellie Mae, is one of six new members of MeridianLink's board, added following its acquisition by Centerbridge Partners.
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Newrez expects significant expense reductions from AI partnerships with HomeVision and Valon, as executives rule out mergers and a Rithm spinoff amid strong Q1 earnings.
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More than half of the major metropolitan markets in the United States posted year-over-year price declines in February, according to a new report.
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