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Stewart deepens servicing involvement with new acquisitions

Stewart Information Services has acquired two more companies in line with its goal to expand offerings for housing finance players that manage mortgage assets on a long-term basis. Processing Content The acquisitions of ProTitleUSA and its document services affiliate follows a string of other mortgage-related transactions at Stewart, including the purchases of Lawyers Signature Settlements, […]

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Unlicensed vendor fines highlight third-party buyback risks

Washington State officials fined a global mortgage services provider for unlicensed activity, pointing to the potential risks posed to lenders by third-party vendors amid still-ongoing consumer regulatory scrutiny.   Processing Content 3N Performance, a technology services advisory and workforce solutions outsourcing firm, agreed to a consent order and a $75,000 fine from the Washington Department of

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Michael Barr

Fed’s Barr noncommittal on September rate hike

Federal Reserve Gov. Michael Barr.Bloomberg News Processing Content Key insight: Federal Reserve Gov. Michael Barr, a voting member of the Federal Open Market Committee, said Tuesday inflation has been too high, but said he would not commit to any specific action until he sees more data. Expert quote: “With inflation above-target for a protracted period,

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