To help MBS investors and others to better manage the collateral side of secondary market transactions, Waltham, Mass.-based Pro-Teck Services, Ltd. has just released an advanced client feature providing enhanced flexibility in managing bulk/batch orders.Web-based Batch Manager offers real-time tracking and management of batch orders consisting of multiple properties. Users are able to define business rules around the order and manage the order within the context of those rules. Users can get a high-level summary of the order within any point of the batches lifecycle, plus loan-level drilldowns. The tool provides dynamic data access via XML, XLS or PDF zip files to subsets of data meeting user-defined filters. The collateral valuation process for a batch order may run through AVM Cascades, Collateral Fraud Indicators, Broker Price Opinions, Desktop Reconciliations and ultimately tie out with the seller. Pro-Teck's website is located at http://www.pro-teck.com.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A labor shortage is costing the market tens of thousands of new homes per year, and tariff uncertainty is adding thousands of dollars in expenses per unit.
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The pace of revenue growth slowed toward the end of 2024, with the trend continuing into the first three months of this year, NAHB reported.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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The 10 basis point decline in the 30-year fixed mortgage was the most since March and the first time rates are below 6.7% since April, Freddie Mac said.
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The firm, now going by Fairway Home Mortgage, said the change is a representation of plans to create a "connected ecosystem."
July 3