California Business
MCT Integrates its MCTlive! Secondary Marketing Software with Freddie Mac for Automated Loan Sale Pricing and Commitment
SAN DIEGO, Calif. — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced new functionality that delivers real-time pricing and automates loan committing for Freddie Mac clients. MCT’s lender clients receive the pricing information seamlessly via its integrated capital markets technology platform, MCTlive!…
Mortgage Professional America Magazine Honors MCT’s Rhonda Beck, CMB with 2018 Elite Women in Mortgage Award
SAN DIEGO, Calif. — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that Rhonda Beck, CMB, has been designated to Mortgage Professional America (MPA) magazine’s list of Elite Women in Mortgage for 2018….
Investigation Launched into ‘Sustainability’ of Controversial Logging Plans
PETROLIA, Calif. — The Petrolia-based Lost Coast League (LCL) today announced that the growing controversy over Humboldt Redwood Co.’s (HRC’s) plans to log virgin forests at Rainbow Ridge stepped up a notch when auditors for the highly regarded Forest Stewardship Council (FSC) announced they will be reviewing the “sustainable” certification associated with two of the company’s key logging plans….
Former L.A. County Sheriff Leroy ‘Lee’ Baca Joins the Faculty at the University of Los Angeles College of Divinity
LOS ANGELES, Calif. — Former Los Angeles County Sheriff Leroy “Lee” Baca, who retired as the top law enforcement officer in LA County in 2014, was appointed as a professor announced the University of Los Angeles College of Divinity in Compton, Calif. (ULACD). Ironically Sheriff Baca was previously responsible for the LA County Sheriff’s department taking over the policing in Compton from the local Compton Police department in 2000, saving the city over $8 million….
LACC Basketball Coach Mike (Michael) Miller Reveals Facts About His Innocence on TV show After Being Found Not Guilty On All Charges In Jury Trial
LOS ANGELES, Calif. — Los Angeles City College Coach Mike Miller, who gained fame as the most winning college basketball coach in the country from 1997-2006, with a winning percentage of .885 and a record of 241-38, was found not guilty by 12-0 vote in a jury trial verdict in Los Angeles Superior Court; announced the California Basketball Association (CBA)….
The Mortgage Collaborative Announces Release of TMC Benchmark 2.0
SAN DIEGO, Calif. — The Mortgage Collaborative (TMC), the nation’s only independent mortgage cooperative, today announced the release of its enhanced benchmarking solution for its lender members. In collaboration with TMC Preferred Partner LBA Ware, TMC Benchmark now has an improved user interface, augmented reporting dashboards and peer segmentation….
Mike Shinoda (of Linkin Park) to Headline Monster Energy Outbreak Tour in North America This Fall
LOS ANGELES, Calif. — As announced today by Outbreak Presents and Live Nation, Mike Shinoda is set to headline the latest installment of the Monster Energy Outbreak Tour. Tickets go on sale starting Friday, August 10, 2018 at 10 a.m. local time, with special pre-sales starting Tuesday, August 7 at 10 a.m. local time….
MCT’s Bid Auction Manager (BAM) Technology Automates Tri-Party Agreement for Investors’ Bid Tape AOT Loan Sale Executions
SAN DIEGO, Calif. — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced automation of the Tri-Party Agreement required between lenders, investors, and broker dealers during Assignment Of Trade (AOT) transactions in the secondary market. The functionality is built into MCT’s Bid Auction Manager(TM) (BAM) bid tape management and best execution platform….
NotaryCam Applauds Treasury Recommendations to Remove Barriers to Remote Online Notarization and ‘Fully Digital Mortgage’
NEWPORT BEACH, Calif. — Rick Triola, founder and CEO of the industry’s most popular remote online notarization solution, NotaryCam, calls the Department of Treasury’s recommendations in its July 31 report to the President: A Financial System That Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation “a cure to the persistent drags on real estate transactions that have prevented the consumer from experiencing the benefits now possible with digital technologies.”…
Mattole Residents file Grievance over Certification of HRC Ancient Forest Logging
PETROLIA, Calif. — The Petrolia-based Lost Coast League (LCL) on Tuesday filed a formal grievance with SCS Global Services for certifying as sustainable a logging plan by Humboldt Redwood Co. (HRC) on untouched, primary forests in the Mattole River watershed on Rainbow Ridge….