Bank of America offers mortgage for teachers and first responders

National Mortgage Professional

Aug 28, 2007

DocuTech automates prepayment penalty configuration managementMortgagePress.comMortgage prepayment penalty calculator DocuTech Corporation has announced the release of ConformX 3.10, which features a new process for managing prepayment penalty configurations. The upgrade manages more than 500 prepayment penalty configurations through an intuitive, direct interface with loan origination systems. Idaho Falls, Idaho-based DocuTech Corporation is a provider of compliance services and documentation technology to the mortgage industry. For more information, call (800) 497-3584 or visit www.docutechcorp.com.

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Aug 28, 2007

Regulation and Compliance

Fed Slows Rate Hike Pace, OK’s 0.25% Bump

Rate hike is 8th since March 2022.

The Federal Reserve on Wednesday eased the pace of its monetary tightening following signs that inflation is slowing, while declaring that its work is not done. Following the conclusion of the Federal Open Market Committee’s (FOMC) first two-day meeting of 2023, Chairman Je...

Non-QM

Fitch Rates EFMT Certificates Backed by Non-QM Loans From LendSure, AHL

The certificates are supported by 796 loans with a balance of $330.37 million.

Fitch Ratings said Tuesday it expects to rate residential mortgage-backed certificates to be issued by EFMT 2023-1, Mortgage Pass-Through Certificates, Series 2023-1 (EFMT 2023-1). The certificates are secured by non-qualified mortgages (Non-QM) originated primarily by LendS...