TA Associates, a Boston-based private equity and buyout firm, has announced the investment of $50 million in C&S Marketing, a provider of mortgage lending information and technology based in Sacramento, Calif.The investment represents a minority interest in C&S Marketing. "We have established a valuable and unique channel as a 'vendor-neutral' AVM provider, and we aim to become the dominant information portal for the mortgage lending community," said Steve Schroeder, C&S Marketing's chief executive officer. "We believe partnering with TA will help us achieve this goal and maintain our lead in providing customized best-of-breed solutions to our clients." The companies can be found online at http://www.ta.com and http://www.csmarketing.net.
-
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
10h ago -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24