Pa. is set to sell access to data on its residents

Article Abstract:

San Diego, Calif.-based VIE has signed a contract with the Pennsylvania Department of Labor and Industry to provide income and employment data on the state's citizens to mortgage companies and other lending firms. The California company, which will act as an electronic gateway between the state and private firms, will sell the service to companies that are interested in verifying an applicant's personal information. But personal privacy advocates are wary of the new system.

On-Line Information Services, Database Vendors, New orders received, Database industry, VIE

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Lender's continuing SEC woes

Article Abstract:

American Business Financial Services Inc., in a regulatory filing on December 17, 2004, stated that it thought it could repay holders of unsecured notes even if federal regulators did not approve a new sale of debt to the public but refused six days later on December 23, 2004. This turnaround highlights the company's difficulties with the Securities and Exchange Commission (SEC) that is holding up the approval of the new sale since October 2004.

Securities issued, listed, Securities, Powers and duties, United States. Securities and Exchange Commission, Company securities, American Business Financial Services Inc., ABFI

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Refinance tide still flooding industry

Article Abstract:

The refinancing operations of mortgage firms in Philadelphia, PA, are discussed.

Mortgage bankers and correspondents, Labor Distribution by Employer, Industry Overview, Economic aspects, Statistics, Mortgages, Philadelphia, Pennsylvania, Mortgage brokers, Refinancing

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