MortgageHub, a Norcross, Ga.-based provider of technology for the mortgage industry, has released TCL Lite, a version of its TCL (The Construction Lender) construction lending software that is tailored for smaller lenders.TCL Lite uses the same basic functions as the original system, but streamlines it to provide only those functions that smaller lenders require, and allows users to upgrade to the full TCL system with minimal effort, MortgageHub said. "TCL Lite is extremely easy to implement and use but still provides all the controls required for budgeting, cash management, and management information," said Dave Demster, president of MortgageHub's Mortgage Products Division. "Smaller lenders get a cost-effective, yet powerful solution that fits their needs today, while also providing the expandability to accommodate their growth in the future." The company can be found online at http://www.mortgagehub.com.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
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Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
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The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
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The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
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