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loanDepot Closes Residential Investment Property Mortgage Securitization

loanDepot Inc. has closed Mello Mortgage Capital Acceptance 2021-INV4, a $371 million securitization of agency-eligible mortgages secured by residential investment properties, originated through its...

Mr. Cooper Finalizes Reverse Mortgage Servicing Portfolio Sale

Mr. Cooper Group Inc. has completed the sale of its reverse mortgage servicing portfolio, operating under the Champion Mortgage brand, to Mortgage Assets Management...

Fannie Mae Completes Final Credit Insurance Risk Transfer Transaction of 2021

Fannie Mae has completed its final Credit Insurance Risk Transfer (CIRT) transaction of 2021. CIRT 2021-2 covers $30.7 billion in unpaid principal balance (UPB)...

Mortgage Lending Saw Fast Dip During Q3 2021, ATTOM Reports

ATTOM's third-quarter 2021 U.S. Residential Property Mortgage Origination Report shows that 3.59 million mortgages secured by residential property (1 to 4 units) were originated...

Fannie Mae Promotes Finance Leaders Chryssa Halley and Jim Holmberg

Fannie Mae has picked Chryssa C. Halley as executive vice president and CFO. In this role, Halley reports to Fannie Mae’s president and is...

Open Mortgage Names Joe Stephenson President

Open Mortgage, a multi-channel mortgage lender, has named Joe Stephenson its new president. The newly created position will oversee day-to-day mortgage lending operations for the...

FHFA Baseline Conforming Loan Limit Increases for 2022

The Federal Housing Finance Agency (FHFA) has announced the conforming loan limits (CLL) for mortgages to be acquired by Fannie Mae and Freddie Mac...

LoanLogics Expands Portfolio of Origination Tools with Acquisition of LoanBeam

LoanLogics, a provider of loan quality control and document processing solutions, is acquiring LoanBeam, a provider of income calculation and verification technology endorsed by...

Improving Mortgage Servicing for Borrowers with Limited English Skills

BLOG VIEW: Mortgage industry regulators mandate that lenders and servicers must treat all mortgage borrowers fairly and provide equal access to services regardless of...

Sagent Hires Mikhail Cook as EVP of Strategic Sales

Mikhail Cook has joined mortgage servicing software firm Sagent as executive vice president of strategic sales. Previously, Cook served in SVP of sales roles at...

First American: House-Buying Power Exceeds Median House Prices in Many Markets

The September 2021 First American Real House Price Index (RHPI) shows that real house prices increased 1.7% between August 2021 and September 2021 and...

MBA Reports Increase in Independent Mortgage Banks’ Production Profits

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $2,594 on each loan they originated in the third...

House Prices Increased 18.5 Percent Over the Past Year, FHFA Observes

U.S. house prices rose 18.5% from the third quarter of 2020 to the third quarter of 2021 according to the Federal Housing Finance Agency...

New Home Sales Increased Slightly in October but Are Down From a Year Ago

New home sales increased 0.4% in October compared with September but were down 23% compared with October 2020, according to estimates from the U.S....

SitusAMC Launches Securent Insurance for MBS, MSR Markets

SitusAMC has debuted Securent, a provider of comprehensive risk management and insurance programs for mortgage and mortgage-backed securities (MBS) stakeholders. Securent’s loan defect insurance protects...

National Association of Realtors Reports Pending Home Sales Increase in October

Pending home sales increased in October, rebounding after a decline the month prior, according to the National Association of Realtors (NAR). Contract activity rose month-over-month...

MISMO to Standardize Bid-Wanted in Competition Dataset for MBS Sellers

MISMO, the real estate finance industry's standards organization, is standardizing the bid-wanted in competition (BWIC) dataset format to facilitate accuracy, liquidity and rapid pricing...

Home Prices Reach New High, Reports Redfin

Home prices hit a new all-time high of $359,975 in the four-week period ending November 21, according to a new report from Redfin. This...

How Mortgage Lenders Can Engage Consumer-Direct Customers at Scale

BLOG VIEW: Today’s borrower expects the mortgage experience to be timely, customized and digital. So much so that 63% of consumers feel an online...

Mortgage Applications Increased Despite Rising Rates

Mortgage application volume increased 1.8% on an adjusted basis during the week ended November 24, despite a slight increase in mortgage rates, according to...