TAO Solutions Announces Wider Adoption of its Mortgage Quality Control & Compliance Services

TORONTO–(BUSINESS WIRE)–TAO Solutions, a leading global provider of software and services for structured finance and credit asset administration, announced today that it is experiencing growing usage of its Mortgage Quality Control & Compliance services (“QCC”) among Canadian mortgage
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Westpac will pay about $11 million in compensation to interest-only home loan customers who were not switched to principal repayments when they should have been. The refunds will go to 9400 customers who held owner-occupier interest-only variable home loans, most of which had interest-only
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MCLEAN, VA–(Marketwired – Dec 14, 2017) – Freddie Mac ( OTCQB : FMCC) announces the pricing of the SB44 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac and issued by a third-party trust. The company expects to guarantee
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For Metro Vancouver, RE/MAX is predicting a six per cent jump in prices next year, with the average home price reaching $1,092,679. On Wednesday, Royal Lepage predicted a 5.2 per cent increase in the Vancouver region. Both companies credit continued, strong demand as the reason for the
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Disney is buying a large part of the Murdoch family's 21st Century Fox in a $52.4 billion deal, announced Thursday, Dec. 14, including film and television studios, cable and international TV businesses as it tries to meet competition from technology companies in the entertainment business.
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HAZELWOOD, MO. — Hunt Mortgage Group has provided a $5.4 million Freddie Mac loan for the refinancing of Brittany Townhomes and Trotwood Downs in Hazelwood, a suburb of St. Louis. Run as one property, Brittany Townhomes consists of 40 rental townhomes and Trotwood Downs consists of 68
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Wells Fargo & Co. laid off about 60 employees in its mortgage division as the bank continues to reshuffle parts of its business following heightened regulatory scrutiny, according to people familiar with the matter. The San Francisco-based bank laid off around 40 people in recent weeks in its group that
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The bad news is that service is not instant. If you're now applying for a mortgage or expect to apply shortly time can be a serious issue. The National Archives reports that the National Personnel Records Center “provides certified copies of separation documents within 10 workdays 75 percent of the time.”
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AG Mortgage Investment Trust (MITT) is a mortgage REIT on a run higher. The stock trades near book value per share. That may not sound impressive, but it is for MITT. That's a high valuation for MITT. Investors seem thrilled by the recent special dividend and the strong earnings performance. Who could
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What happens to the UK economy in the next two years is increasingly uncertain to due to Brexit negotiations, UK Finance admitted in its Mortgage Market Forecast. The economy grew at a slower pace in the first nine months of this year compared to the proceeding few years. UK Finance said if
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Watching the shorter-term MACD oscillator on shares of Freddie Mac Pfd Z (FMCKJ), we have noted that the signal is currently showing Sell. The MACD is typically used to measure bullish or bearish price movements. The MACD signal direction is currently reading Weakest. Shifting to another short-term
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“This acquisition will allow Wintrust Mortgage to expand both in size and structure,” Wintrust Mortgage President and CEO David Hrobon said. “Veterans First Mortgage has built a terrific consumer direct lending business with some of the industry's brightest leadership and employees. We look forward to
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That is translating into higher down payments for home buyers, especially in more expensive markets, according to California-based ATTOM Data Solutions. The national median down payment in the third quarter was $20,000, up from $18,161 in the previous quarter and up from $14,400 in the third
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Now that 2017 is essentially in the books, mortgage brokers throughout the country have already begun shifting their focus to getting a solid start on their 2018 business. In addition to implementing new technologies and processes, brokers should make a concerted effort to protect their business by
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“With his combination of vast industry experience and creative thinking, he is the perfect fit to help grow RED's market share, enhance customer service, and lead our Agency relationships. I am confident in Trent's ability to build upon our already strong connections with Fannie Mae, Freddie Mac, FHA,
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Many investors and managers believe the rise in popularity of online shopping has been a boon for the industrial real estate sector, though some insiders now are starting to wonder if too much capital is moving into the space. For the near term, the industrial sector still has a sunny outlook, according to a
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Chris Maccarone has been named managing broker of the Bonita Springs office of Premier Sotheby's International Realty. Ms. Maccarone, who will lead more than 50 PSIR sales associates, has more than 30 years of real estate management experience. She began her career in New Jersey working for
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Ivanka Trump may be busy as First Daughter, but she hasn't neglected her eponymous brand. The brand will be opening a store on Thursday, fittingly in the lobby of New York's Trump Tower on Fifth Avenue. This will be her second attempt at brick-and-mortar commerce in the U.S. Opening just weeks
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Cambridge, MA and Washington, DC, December 14, 2017-A decade of unprecedented growth in the rental housing market may be coming to an end, according to the 2017 America's Rental Housing report, released by the Joint Center for Housing Studies of Harvard University. Fewer new renter
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Other factors influence the housing market, of course, both nationally and regionally. There's no sign of a slowdown for the U.S. economy, but the Federal Reserve is slowly and steadily raising short-term rates. Mortgage loan rates are still very low, but nobody knows how the tax-reform legislation that
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