In the next 30 to 60 days, the firm "a la mode," based in Oklahoma City, plans to release Mortgage XSites, a product designed to make it possible for small- to mid-size brokers, loan officers and other lender representatives to create a customized website that includes workflow options.At the MBA National Technology in Mortgage Banking Conference and Expo, Phoenix, Matt Bar, the company's communications director, told MortgageWire that users can customize their own website in 15 minutes using the product. It includes a wizard that can input customized logos, animation and music on desired pages within the newly designed site. Currently the product has been in beta testing for the past six weeks and includes 20 pages of content including valuable forms like the 1003 and others. A price point for the product has not been released as yet. a la mode can be found on the Web at www.alamode.com.
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Newly minted Federal Reserve Chair Kevin Warsh will host his inaugural press conference on Wednesday. Bankers will be paying close attention to what he says — and how he says it.
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The Federal Housing Finance Agency's annual report to Congress asks for enforcement and referral powers beyond the limited ones it currently has.
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The deal reinforces PennyMac's AI-focused pivot and will also accelerate development and growth of its proprietary servicing platform, the lender said.
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Rithm and UWM Holdings are the favorite names among publicly traded lenders, while BTIG adds coverage of Better Home & Finance at a buy rating.
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The deal offers a series of exchangeable, class A and B notes, which will pay coupons ranging from 6.00% on the A1 tranche to 5.00% on the A33 tranche.
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This industry executive finds subservicing mortgages impacted by rule changes and relatively higher delinquency rates helps test operations and keep them sharp.
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