Lender Lead Solutions, a reverse mortgage lender based in Melville, N.Y., is changing its name to Senior Lending Network, the name more commonly known to the public from its consumer education campaign. "We believe that Senior Lending Network more appropriately describes the products and services we offer and corporate culture in which we work." said David Peskin, chief executive officer of the company. The name change is expected to take place in September. Senior Lending Network's education campaign features actor Robert Wagner as its spokesman. The campaign was first established in 2004, with the late actor Jerry Orbach as its first spokesman. The company can be found on the Web at http://www.seniorlendingnetwork.com.
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Developments like the downward swing in total jobs reported Friday, inflation and AI have made nonbank employment more complex and volatile this year.
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Single-family mortgages originated with new scores have been put into private securitizations but these typically have been submitted alongside classic FICOs.
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The collaboration comes after HUD issued several other updates earlier this year aimed at increasing affordability through loosened homebuilding policy.
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Southeast impairments run 150 bps above other regions and alt-doc loans are up 200+ bps since 2025, while DSCR and full-doc improve. Time to review overlays.
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Federal Reserve Gov. Lisa Cook said Thursday that private credit does not seem to pose additional risks to the financial system at the moment, but added that more information about the opaque market is needed.
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A Treasury proposal would remove race and ethnicity from the criteria community development financial institutions can use to establish a targeted market population, a move that could affect institutions serving minority communities.
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