Parasoft, a software provider based in Monrovia, Calif., has announced that the Servicing Systems Development Division of Countrywide has adopted its Jtest system to address software quality.Jtest enables Countrywide to automate unit testing and coding standard enforcement throughout an entire department, Parasoft said. The software company quoted Countrywide as saying that Jtest helps ensure the consistent application of standards and best practices, especially as they relate to leveraging outside development resources and monitoring software reuse efforts to maximize the value of investments in information technology. Jtest also works to reduce vulnerability to virus attacks and bugs, Parasoft said. Parasoft can be found online at http://www.parasoft.com.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
4h ago -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
9h ago -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
11h ago -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24