Financial Industry Computer Systems Inc., Dallas, reports that NASA Federal Credit Union has purchased and successfully implemented both FICS' loan origination solution, Loan Producer, and its servicing system, Mortgage Servicer.In addition, NASA FCU purchased a number of additional software tools from FICS for both the origination and servicing side of its business. NASA FCU serves 7,000 members worldwide and has nearly $600 million in assets. It can be found on the Web at http://www.nasafcu.org. FICS' website address is http://www.loanware.com.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
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Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
10h ago -
A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
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The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
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The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
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The technology firm posted annual gains in servicing, origination and closing solutions, although the segment at large posted an operating loss.
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