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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Mordor Intelligence expects the manufactured homes market size to expand from $28.5 billion in 2025 to $30.5 billion this year, its latest report found.
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Fannie Mae and Freddie Mac's support for the market lessened the impact, as could bank capital reform, and the company's normalized results outperformed.
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Even as they continue to press for additional changes, banks get some wins from the revised Basel capital framework and a ballpark estimate of their capital outlook for the next few years.
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More than three-quarters of brokers are using popular AI platforms, but application of lender-specific software lags considerably, according to AD Mortgage.
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UWM Holdings is now bidding 70 cents more per share than CrossCountry for Two Harbors, with an all-cash option as an alternative to its all-stock proposal.
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Refinances drove growth of last year's lending activity, with both the volume share and average loan size coming in noticeably higher, according to IEmergent.
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