direct source traders LLC

134-47 160 street
springfield gardens, new york 11434

NYS Entity Status
ACTIVE

NYS Filing Date
MAY 13, 2014

NYS DOS ID#
4576656

County
QUEENS

Jurisdiction
NEW YORK

Registered Agent
NONE

NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY

Name History
2014 - DIRECT SOURCE TRADERS 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
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    By Laura Northrup - Friday Sep 8, 2017

    Sometimes people take directions too literally. It’s in case of that that Garden of Life, LLC, is recalling a probiotic supplement made for babies.If caregivers follow the directions on the package very literally, infants taking the supplement could choke.What to look forThe product in question is from the Dr. Formulated Probiotics line,and comes in a 1.9 fluid …

    Source: The Consumerist
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    By ANNA NORTH - Friday Aug 18, 2017

    New York is becoming a cultural center for young women trying to disrupt the male-dominated industries of design engineering and sex toys.

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    By STACEY STOWE - Wednesday Sep 6, 2017

    On the East End of Long Island, the professionally planted and tended vegetable garden requires a different kind of green.

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  • Sunday Routine: How Sheryll Durrant, Urban Farmer, Spends Her Sundays
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    The resident manager of the Kelly Street Garden, in South Bronx’s Longwood neighborhood, sleeps in and spends time with her husband and teenage son.

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  • The Top 10 Moments of New York Fashion Week
    By THE NEW YORK TIMES - Friday Sep 15, 2017

    Highlights from the shows, including a celebrity-packed front row at Calvin Klein and a trek to Bedford Hills, N.Y., to see Ralph Lauren’s vintage cars.

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