DAS Acquisition Co. LLC, St. Louis, has purchased a portion of the assets of LoanSurfer.com LLC for an undisclosed price. Douglas A. Schukar, president and chief executive officer of DAS, said the purchase includes the retail mortgage business for the St. Louis metropolitan area currently operating under the name USA Mortgage, along with the business-to-business private-label mortgage activity and other loan origination phases of the business. Mr. Schukar joined LoanSurfer.com in February of last year as the vice president of sales and new business development.
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Starting April 22, mortgage brokers will be able to access Rocket Pro's loan pricing, interest rates and product eligibility, the company announced.
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As tariff turbulence continues, BofA is predicting a slowdown, not a downturn. But America's second-largest bank is also signaling that it's prepared for a more severe scenario.
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The deal has an extensive capital structure, which is expected to repay investors sequentially, with notes enhanced by subordination.
April 15 -
A bipartisan group of representatives co-sponsored the bill, aiming to make permanent and expand eligibility for a deduction previously offered for 14 years.
April 15 -
While no additional details were disclosed, the housing regulator's inspector general typically probes cases which are prosecuted by the Department of Justice.
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The agency is seeking input on how to better open up industries up to new entrants. Some see this opening the door to more competition for banks.
April 15