Four different “credit repair” operations have been ordered to pay a total of more than $2 million in penalties for allegedly tricking people into thinking their bad credit could be easily fixed.The Consumer Financial Protection Bureau announced today that it filed complaints and proposed judgments against Prime Credit, LLC, IMC Capital, LLC, Commercial Credit Consultants, and Park View Law, …
NYS Entity Status
NYS Filing Date
SEPTEMBER 06, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY
2013 - CAPITOL COMMERCIAL MORTGAGE, LLC
AROUND THE WEB
- Four Credit Repair Agencies Accused Of Misleading Customers, Charging Illegal Fees
By Ashlee Kieler - Tuesday Jun 27, 2017
- Big Data tells mortgage traders an amazing amount about you
By Matt Scully - Friday Jun 30, 2017
The New York startup sucks in data from marketing firms, public loan filings, courthouses and dozens of other sources, and sells it to mortgage bond and loan traders.The vivid detail the company turns up — the types of stores borrowers tend to shop at and whether they rent out their homes on Airbnb, for example — may unsettle privacy advocates, but it’s a boon for investors trying to figure out how likely homeowners are to pay their obligations.Across the world of finance, startups are using big data to try to improve Wall Street’s success with everything from consumer lending to stock trading.The average fund manager can gain 0.4 to 0.7 percentage point of return by using more intelligent data when trading mortgages, at least for home loans that haven’t been bundled into securities, according to John Ardy, CEO of Resitrader, an institutional marketplace for home loans.“We’re concerned about how this information is shared, and how it can have adverse consequences for individuals without their even realizing it,” said Lee Tien, a senior staff attorney at the Electronic Frontier Foundation, a nonprofit focusing on civil liberties.[...] money managers using information they get from TheNumber could face accusations of discriminating against borrowers based on race or religion if it turns out the factors the company looks at tend to single out particular types of people, said Frank Pasquale, a professor at the University of Maryland’s Francis King Carey School of Law.Fund managers that use TheNumber are typically buying subprime mortgages, many of which have defaulted.TheNumber tries to determine how much pride a homeowner probably has in his or her property, based on information it gleans from third parties, such as whether the resident tends to click on online ads from home improvement and gardening stores.Experian, for example, tries to make sure investors can’t readily determine borrowers’ identities when it hands out mortgage data, said Michele Raneri, a vice president of analytics and new business development at Experian.Added information about borrowers could boost transparency in the mortgage bond market, where getting information about creditworthiness and prices can be much harder than in other debt markets.“Investors in every other market get to see what they are buying — but not mortgage bond investors,” said Adam Murphy, founder of Empirasign Strategies LLC, a trading data firm for mortgage bond professionals.
- Protesters Outside ‘Julius Caesar’ in Central Park, and Laughs Inside
By EMILY PALMER and MAYA SALAM - Sunday Jun 18, 2017
Just a day after the “Shakespeare in the Park” play was interrupted by protesters who rushed on stage, a few demonstrators picketed, and the production was adjusted to address the episode.
- Two Protesters Disrupt ‘Julius Caesar’ in Central Park
By MICHAEL PAULSON - Saturday Jun 17, 2017
A production of the Shakespeare play was interrupted by protesters objecting to a scene where a character resembling President Trump is murdered.
- Business News Roundup, July 14
By Chronicle News Services - Thursday Jul 13, 2017
Online shoppers looking to score bargains during the Nordstrom anniversary sale instead faced glitches.The Seattle department store chain apologized, tweeting that it was working to resolve the issue.Frustrated shoppers took to social media to vent, with one saying it was “unbelievable” that Nordstrom wasn’t ready to handle the traffic on such a big shopping day.Uber is ceding control of the Russian market by agreeing to merge its ride-hailing business in the country with Yandex, the Russian search-engine leader that also runs a popular taxi-booking app.For Uber, the deal marks the exit from another big market after it sold its operations in China last year to local rival Didi Chuxing.The CEO of Yandex Taxi, Tigran Khudaverdyan, will become the chief executive of the combined company.Long-term U.S. mortgage rates rose this week for the second straight week.Mortgage buyer Freddie Mac said Thursday the rate on 30-year fixed-rate mortgages increased to an average 4.03 percent from 3.96 percent last week.The rate on 15-year, fixed-rate home loans, popular with homeowners who are refinancing their mortgages, rose to 3.29 percent last week from 3.22 percent.Fewer Americans applied for jobless aid last week, as the number of people seeking benefits has stayed near historic lows pointing to a robust job market.The number of people collecting unemployment benefits has fallen 8.8 percent over the past 12 months to 1.9 million.The job market appears solid as the U.S. enters its ninth year of recovery from the Great Recession.Consistent hiring has helped sustain the gradual recovery, although the expansion is starting to show its age as the pace of job gains has slowed this year.An investment group led by a former Chicago alderman and a coalition of labor unions are the new owners of the Chicago Sun-Times, officials announced Thursday.“We are investing in a journalistic voice that’s genuine, accurate and consistently reporting news that matters to the people of Chicago,” said former Alderman Edwin Eisendrath, who will serve as CEO of the Chicago Sun-Times, said in an email.Eisendrath, who left the City Council when President Bill Clinton appointed him to a Department of Housing and Urban Development post, submitted a bid last month after Sun-Times owner Wrapports LLC announced it would enter into discussions with Tronc Inc., which owns the rival Chicago Tribune.
- Manhattan Skyscraper Linked to Iran Can Be Seized by U.S., Jury Finds
By VIVIAN WANG - Thursday Jun 29, 2017
A federal panel concluded that the majority owners of 650 Fifth Avenue violated sanctions against Iran and laundered money through a shell company for an Iranian bank.