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Top News In Corelogic Credco Today - Breaking & Trending Today

Is PayPal's security system discriminating against Muslims?

Beneath outward manifestations of bias is a hidden and unpredictable layer of discrimination embedded in our computer systems, algorithms, and data. Muslims frequently feel the effects. ....

United States , Us Department Of Treasury , Corelogic Credco , Pulte Mortgage , Office Of Foreign Assets , Foreign Assets Control , Had Paypal ,

FCRA Class Action Settles for Over $5 Million

FCRA Class Action Settles for Over $5 Million
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Corelogic Credco , Kelly Guzo , Fair Credit Reporting Act , Berger Montague , Law Conference ,

Trading, Servicing Transfer, CRM Products; STRATMOR on Bank Market Share; Wholesaler and TPO News

“Someone asked me to name two structures that hold water. I was like, well, damn.” As the storms continue to hit us in Northern California and Nevada, not only is my cat Myrtle ticked off, but we are reminded that it is either feast or famine in the Golden State. Take your pick, forest fires or biblical rain: Over 20 trillion gallons of water are supposed to fall on California in a two-week span. Yes, that’s with a “t.” Ratcheting back several decimal places, new estimates from the Census Bureau found that the U.S. population grew by only 0.38 percent from July 2021 to July 2022, which was the second-lowest growth on record behind just the 0.16 percent growth registered during the first year of the pandemic. The main thing increasing it was an increase in net immigration. To find comparably low rates one has to go back to the worst of the Great Depression, when growth was still a comparably robust 0.6 percent. All told, for those who don’t beli ....

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Subservicer Oversight, Automated Marketing, Hedging, Non-Agency, QC Tools; Credit Companies Feeling the Squeeze

Takeover and M&A rumors continue to swirl, and smarter companies are merely hiring production staff away from lenders rather than pay the baggage that may be associated with the target while some are selling servicing to help strategically or with cash flow. The MBA reports that our biz originated $4.1 trillion in 2020 and $4.4 trillion in 2021. 2022 is down from those numbers, and 2023 is expected to be $1.5-$2ish trillion, depending on who you ask, certainly less than half of 2021. It impacts everyone, but certainly with credit fees shooting up, credit reporting agencies (CRAs) are feeling the pressure and are being scrutinized by every lender. (See below for a full write up.) Want something else to worry about? Forgetting CRA feels and expensive mortgage leakage for a moment, how about the oil spill in Kansas that isn’t necessarily in the national press but will take years to clean up and cost billions? The Keystone pipeline has dumped an estimated 588,000 gallons ....

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