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  • Mercury Network acquires Platinum Data Solutions

    In a move that is one of the first of its kind for the industry, Mercury Network, an appraisal management system, announced it acquired Platinum Data Solutions, a QC technology company. In light of the changes, HousingWire talked with Will Clemens, CEO of Mercury Network, and Phil Huff, CEO of Platinum Data, to see how the change fits perfectly into both of the companies.

Investments The Ticker

Subprime debt acceleration cautions investors

Investors from TCW Group Inc. to Metacapital Management are growing more cautious on the riskier tiers of U.S. mortgage bonds as a rally in subprime debt accelerates after gains of more than 41 percent last year.

Prices of senior securities tied to so-called option adjustable-rate mortgages that allow homeowners to pay less
interest than they owe rose last week to the highest levels since 2008, climbing to 69 cents on the dollar from 65 cents at the end of 2012 and 52 cents a year ago.

Source: Bloomberg
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