Affordable Residential Communities Inc., Denver, has selected Origen Financial Inc., a manufactured housing lender based in Southfield, Mich., to provide loan origination and servicing activities for residents in its communities.Besides servicing the loans, Origen will handle the entire application process for ARC residents, from application to processing, underwriting, fulfillment, and funding. "On the heels of our initial public offering and loan securitization, this is another strong endorsement for the Origen brand ...," said Origen chief executive Ron Klein. ARC owns and operates approximately 67,000 home sites located in 304 manufactured housing communities in 29 states.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
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The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
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Equity is entitled to a little over $70,000 worth of damages.
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Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
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