UWM Launches Conventional High-Balance Loans Nationwide

UWM Launches Conventional High-Balance Loans Nationwide

“The roll-out of High Balance Nationwide opens up a huge business opportunity for mortgage brokers throughout America,” said Mat Ishbia, UWM President and Chief Executive Officer. “This is a win-win for consumers and our Mortgage Broker network, and we are excited for this product to make a big
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The $1 Trillion Debt Boom That's Making Emerging Markets Safer

Local-currency bond sales in emerging markets this year exceeded $1 trillion, almost triple the amount raised in the same period last year and dwarfing the $160 billion in hard-currency issues, according to data compiled by Bloomberg. Domestic sales have increased almost five-fold in the past five
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Banks can "do what they want" in leveraged lending: Otting

Banks can “do what they want” in leveraged lending: Otting. 27 February 2018 By Eleanor Duncan. This content is only available to IFRe.com subscribers. This content is available to IFRe.com subscribers. Please login if you have a subscription. Alternatively, you can request a trial, or contact your IFR
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Chinese dragon fruit with rose fragrance tests the waters of international markets

“The 'Jindu number one' Red Heart dragon fruit received high praise from overseas traders during the recent Fruit Logistica in Berlin. Many of the participating traders expressed a strong intention to purchase the dragon fruit after they tasted it. Some even signed a contract with us on the spot.” This is
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To attract top talent, USA Mortgage turns ownership over to its workers

USA Mortgage's owner is offering an employee stock ownership plan with the aim of helping it staff up as it expands outside its home market. Full-time staff members now can receive shares in USA Mortgage's owner, DAS Acquisition Co., if they complete 160 hours of service and meet other qualifying
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Is Buying Csg Systems International Inc (NASDAQ:CSGS), Having Lower Short Interest a Winning …

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.21, from 1.2 in 2017Q2. It fall, as 17 investors sold CSG Systems International, Inc. shares while 61 reduced holdings. 17 funds opened positions while 60 raised stakes. 29.73 million shares or 0.06% more from 29.71 million shares in 2017Q2
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NTC promotes vice president

Nationwide Title Clearing (NTC) has promoted Debbie Lastoria to vice president of national sales, the company announced. Lastoria previously served as NTC's vice president of business development. “Debbie is a natural fit for this expanded role and will now be responsible for leading the effort to
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Wells Fargo Accused Of Preying On Black, Latino Homebuyers In California

Last year, Philadelphia filed a similar lawsuit, citing former employees who alleged the bank encouraged workers to push the use of higher-cost loans to minorities. Baltimore and Miami have also accused Wells Fargo of discriminatory mortgage lending. Sacramento argued that Wells Fargo has a long
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Michigan State to pay outside Title IX investigators $550 per hour

The contract, provided by MSU, shows the company, Kroll, will send two or more two persons teams to the university to conduct the investigate complaints filed under the university's Title IX Relationship Violence and Sexual Misconduct Policy. In addition to the hourly rate, the university will be charged
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Controversial payday lending bill falters in Senate

The proposed law would have allowed lenders to offer loans of three to 12 months ranging from $605-$1500 with an APR of up to 222 percent. APR measures the cost of borrowing as well as related fees and other charges. The APR for payday loans is often much higher than the advertised interest rate
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Melissa Raffanello Joins Chelsea Groton Bank Lending Center

From Chelsea Groton Bank: Melissa L. Raffanello recently joined Chelsea Groton Bank as a Residential Loan Officer, based at the Bank's Lending Center in Glastonbury. In this position, Melissa will work with clients throughout Hartford and Litchfield Counties in need of a variety of lending solutions,
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The Women's Theater Company Presents [title of show] by Jeff Bowen and Hunter Bell

(PARSIPPANY, NJ) — The Women's Theater Company, a professional theater company in Parsippany, NJ, presents [title of show] written by Jeff Bowen and Hunter Bell. The play involves two struggling writers who hear about a new musical theater festival. However, the deadline for submissions is just
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Class to teach first-time home buyers how to improve credit, negotiate, maintain a home, etc.

Speakers will cover the topics of homeownership readiness, budgeting and credit, repairing credit problems, financing, types of mortgage loans, loan application and the approval process, shopping for a home, making an offer, negotiation, the elements of a purchase contract, tips on maintaining a home,
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Orders for US Business Equipment Unexpectedly Fell in January

Non-military capital goods orders excluding aircraft declined 0.2% (est. up 0.5%) after falling 0.6% the prior month; Shipments of those goods, which are used to calculate gross domestic product, rose 0.1% (est. up 0.3%) after an upwardly revised 0.7% increase; Bookings for all durable goods, items
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Huntsman School Investigates Bank Discrimination in Small Business Lending

USU is part of a research team that has received a $1.2 million grant to support.
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ECB's Weidmann Insists QE Can End in 2018 Even as Inflation Dips

The Bundesbank president said in a Bloomberg Television interview that guidance on interest rates is “rather vague” and should be strengthened. He also sees no reason why QE can't be halted this year. The ECB currently pledges to buy debt until at least September and expects to keep interest rates
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FICO® Scores Used in Over 90% of Lending Decisions According to New Study

New research from Mercator Advisory Group has found that in the United States, FICO® Scores were in 2016 used in more than 90% of lending decisions, including credit cards, mortgages, and automobile financing. In addition, Mercator performed a study of the frequency in 2016 and 2017 of FICO
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US Prescription Drug Costs Are a Crime

President Donald Trump has complained that U.S. drug companies are “getting away with murder.” For once the hyperbole is forgivable: It suggests he takes the problem of drug costs seriously and might be willing to do something about it. Unfortunately, his administration's efforts up to now suggest the
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Martin Cosgrove quits Goldman Sachs

Goldman Sachs has confirmed that Martin Cosgrove has resigned from his position as managing director, equities, head of securities lending. Cosgrove has worked at Goldman Sachs since 1988, serving just under 20 years. His resignation from the board of Equilend is logged as 5 February on the UK
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Postcode lottery for first time buyers in Scotland as average deposit reaches £45000 in some areas

Tony Rice, organiser of First Time Buyers Fortnight, a campaign to help first-time buyers get on the property ladder which begins tomorrow, admitted the housing market is a “scary place” and getting on the housing ladder can seem like “an impossible climb”. Scottish Housing Minister Kevin Stewart said
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