AeroLeads B2B Lead Generation Software bootstrapped to Profitability

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Aeroleads is a prospect generation software started with a vision to provide an intelligent solution to startups

BANGALORE, KARNATAKA, INDIA, December 16, 2017 /EINPresswire.com/ — AeroLeads is a Powerful web prospecting software and service …

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AeroLeads B2B Lead Generation Software bootstrapped to Profitability

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Surge in GSE Refinances, HARP Down

Author:  //  Category: Mortgage

The monthly number of government-sponsored enterprise mortgages refinanced turned sharply higher even as government-supported refinances fell to a new low.

In October, primary mortgage originators refinanced 142,687 single-family loans that are backed or owned by Fannie Mae and Freddie Mac.

That was a significant increase from the 128,738 GSE loans refinanced during the previous month and the most refinances since March 2017, when there were 143,455.


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Major IRS Glitch Could Delay Closings by Months

Author:  //  Category: Mortgage

A change in the technology utilized by the Internal Revenue Service has created a glitch in a system used by home lenders that could end up delaying mortgage closings by months.

The Yves system is used by the mortgage industry to verify that tax returns supplied by an applicant for a residential loan are not fraudulent. A vast majority of the 6 million mortgages processed each year depend on the system due to investor and regulatory requirements.

But mortgage industry vendors are reporting that as of midday Thursday, they have been unable to retrieve tax transcripts from the IRS at the pace needed to handle the daily volume of loans.


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Upcoming Holidays Eat Into Weekly Mortgage Biz

Author:  //  Category: Mortgage

As the heart of the holiday season approaches, new mortgage business is beginning to erode. Government activity was most impacted by the deceleration.

In the seven-day period that ended on Dec. 15, the U.S. Mortgage Market Index from Mortgage Daily was 147, declining by 7 percent compared to the previous week.

The index is an indicator of upcoming loan originations based on average per-user rate locks by clients of OpenClose. No adjustments were made for seasonal factors.


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Mortgage Brokers Operated AMC to Influence Values

Author:  //  Category: Mortgage

The owners of a Chicago-area mortgage brokerage are accused of operating an appraisal management company in order to influence appraised values on fraudulent loans.

Schaumburg, Illinois-based American Financial Mortgage Services Inc. was founded in 1993 by Steven L. Garcia and his brother, Michael R. Garcia.

Aside from its main office, the company operates branch locations in Dallas and in the Phoenix suburb of Mesa, Arizona. It also makes loans in California and Florida.


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Investment Firm Taking Stake in Guaranteed Rate

Author:  //  Category: Mortgage

An investment firm with interests in firms like Black Knight Inc., ServiceLink Holdings LLC and Ten-X LLC is taking a stake in Guaranteed Rate Inc.

Chicago-based Guaranteed Rate announced Thursday that it has reached an agreement to sell a material interest in the company to a private-equity firm.

While some of the proceeds will be used to repurchase shares from existing shareholders, Guaranteed Rate plans to use the remainder for general corporate purposes.


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South America Is The Fastest-Growing Leasing Market

Author:  //  Category: Mortgage

LONDON, GREATER LONDON, UK, December 15, 2017 /EINPresswire.com/ — South America’s market for renting or leasing a widely diversified range of goods and intangible assets is still small, worth only 2.5% of the global total, but is growing at a …

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ATM Machine 2017 Brazil Market Expected to Grow at CAGR 18.72% and Forecast to 2021

Author:  //  Category: Mortgage

WiseGuyReports.com adds “ATM Machine Market in Brazil 2015-2019” reports to its Database.

PUNE, INDIA, December 15, 2017 /EINPresswire.com/ —

This report segments the ATM machine market in Brazil by revenue generated and the unit shipment. …

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ATM Machine 2017 Brazil Market Expected to Grow at CAGR 18.72% and Forecast to 2021

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PHH Fined Over $100k On Vacant Property

Author:  //  Category: Mortgage

PHH Mortgage Corp.’s failure to follow state requirements for vacant real-estate-owned assets in the Empire State will cost it more than $100,000.

New York’s Vacant and Abandoned Property Law requires banks and mortgage servicers to adhere to certain maintenance requirements on REOs.

Servicers that fail to comply with the state’s maintenance obligations are subject to enforcement actions and a fine of $500 per day that the law is violated.


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Mortgage Rates Hold Despite Fed Move, Could Drop

Author:  //  Category: Mortgage

Despite a broadly expected rate increase from the Federal Reserve Board’s Federal Open Market Committee, fixed mortgage rates were little changed. But a decline could be in the offing.

The Primary Mortgage Market Survey for the week ended Dec. 14 had 30-year fixed rates on single-family loans averaging 3.93, Freddie Mac reported.

That was barely any different than last week, when the average was 3.94 percent. But long-term mortgages rates have fallen 23 basis points from the same week last year.


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