Sterling Testing Systems Inc., an employment screening services company based in New York, has announced the acquisition of the primary assets and customers of Automated Information Services Inc., a reseller of mortgage credit reports, and the formation of a new subsidiary to market mortgage credit reporting products.The terms of the deal were not disclosed. The new subsidiary, Sterling Credit Screening Inc., will market credit reports to mortgage lenders, mortgage brokers, banks, and credit unions, Sterling said. AIS's customer service and operations staff will join Sterling Credit Screening in New York. The companies can be found on the Web at http://www.sterlingtesting.com and http://www.automatedinfo.com.
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Credibly will bring its SMB loans and revenue-based financing products to Figure's Democratized Prime platform, Figure said in a press release.
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Federal Reserve Gov. Michael Barr said Tuesday that the U.S. energy sector is more insulated from shocks than Europe's, particularly in natural gas prices. However, he warned that the war is pushing up gasoline prices, which could spill over into other parts of the economy.
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Economic uncertainty weighed on risk appetite, but the current performance of the non-QM market is "durable," Angel Oak leaders said in an earnings call.
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CrossCountry defended its lower bid for Two Harbors, looking to refute UWM's arguments regarding the status of its financing for the all-cash offer.
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The company revised the deal after consulting with Ginnie Mae and reported lower earnings due to rate volatility, refinancing and FHA delinquencies.
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The GSEs' financials are strong but odds are against a short-term change to conservatorship that would give stockholders access to their profits, Mizuho said.








