paramount equity mortgage, LLC

80 state street
albany, new york 12207

NYS Entity Status
ACTIVE

NYS Filing Date
JULY 09, 2013

NYS DOS ID#
4428051

County
ALBANY

Jurisdiction
CALIFORNIA

Registered Agent
CORPORATION SERVICE COMPANY
80 STATE STREET
ALBANY, NEW YORK, 12207-2543

NYS Entity Type
FOREIGN LIMITED LIABILITY COMPANY

Name History
2013 - PARAMOUNT EQUITY MORTGAGE, LLC









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  • AROUND THE WEB

  • 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.

    Source: SFGATE.com: Business and Technology News
  • A Handmaid’s Tale of Protest
    By CHRISTINE HAUSER - Friday Jun 30, 2017

    In state capitals and street protests, women’s rights activists have been wearing red robes and white bonnets based on “The Handmaid's Tale,” the 1985 novel that is now a series on Hulu.

    Source: NYT > Home Page
  • 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.

    Source: SFGATE.com: Business and Technology News
  • Creative lending options enables Sea Ranch home purchase
    Friday Jul 21, 2017

    First mortgage: 30-year fixed at 4.125 percent with no points; HELOC: 5.99 percent.The buyer already owned a home at the Sea Ranch seaside community and wanted to buy one larger before selling his current residence.The buyer’s agent, Hanne Liisberg of the Coastal Real Estate Company, knew that Holmgren had access to many funding structures as a mortgage banker/broker.Since the buyer had enough equity in his original home to completely pay off the HELOC after sale, he would be left with an affordable 30-year fixed rate loan after the sale of the original home.Since HELOCs are revolving lines of credit, once the loan is paid off, it will remain in place in case the buyer needs to access those funds in the future for home improvement or any other purpose.Because debt ratio requirements are more stringent when a buyer is putting less than 20 percent down and HELOC loan requirements are much more conservative than first mortgage requirements, Holmgren had to restructure the buyer’s debt profile to meet credit score and debt ratio requirements, but this was accomplished in the first week of the escrow period.

    Source: SFGATE.com: Real Estate News
  • Alexandria Debuts NY’s Latest Bio Incubator With 13 Startups in Tow
    By Ben Fidler - Tuesday Jun 13, 2017

    A new startup incubator has just opened in Manhattan this morning, adding to a growing list of facilities meant to help support seedling New York City biotechs. LaunchLabs, first announced by Alexandria Real Estate Equities a year ago, officially opened its doors and revealed the 13 startups that will grow there. LaunchLabs is a 15,000-square-foot […]

    Source: Xconomy New York
paramount equity mortgage llc albany ny