Secured Diversified Investment Ltd., Scottsdale, Ariz., has announced a joint venture agreement (through a mortgage lending services subsidiary) with Allpointe Mortgage that will enable SDI to originate, process, broker, and fund mortgage loans throughout the United States.Allpointe, based in Canonsburg, Pa., a suburb of Pittsburgh, is the mortgage banking subsidiary of National Real Estate Information Services. "Our new relationship with Allpointe Mortgage will allow SDI, and its sister companies, to greatly expand their business models and service offerings," said Jan Wallace, SDI's chief executive officer. The SDI subsidiary involved in the arrangement is Secured Lending LLC. The companies can be found online at http://www.secureddiversified.com and http://www.allpointe.com.
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AnnieMac CEO Joe Panebianco has navigated a broad range of risks, from cash buyer competition to shifts in the market's loan product mix, with a unique leadership style.
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A consumer was moving to certify a class of thousands of borrowers who paid the telephone mortgage payment fees to a subsidiary the servicer acquired.
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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
June 26 -
House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
June 26 -
The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
June 26 -
ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
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