Redwood said it will now aggregate bank statement loans, CPA-prepared profit-and-loss statements and debt service coverage ratio loans through its Aspire correspondent platform.
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A new regulation in California will affect originations of business purpose loans. Other concerns include potential regulation of automated underwriting and rising costs for property insurance.
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New York Mortgage Trust to issue a $75.0 million debt offering; Morningstar DBRS deems Radian unit “acceptable” for third-party due diligence; Arc adds new executives. Page 8.NYMT to issue a $75.0 million debt offering; Morningstar finds Radian "acceptable" for third-party due diligence; Arc adds new executives from Flagstar and Newrez.
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Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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