Wednesday, August 15, 2018
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Street Solutions Now Integrated with Promontory MortgagePath

Users of Street Solutions Inc.’s Loan Management System (LMS) should be interested to know that the system is now integrated with Promontory Fulfillment Services’...

Fannie Mae: Rising Home Prices Chipping Away at Consumer Confidence

Rising home prices are chipping away at consumer confidence in the housing market, Fannie Mae’s Home Purchase Sentiment Index shows. The index fell in July...

Verus Mortgage Capital Raises Loan Amounts, DTIs For its Non-QM Loan Program

Verus Mortgage Capital, a non-QM correspondent investor backed by Invictus Capital Partners, recently increased loan amounts and debt-to-income ratios for its Investor Solutions Program. Specifically,...

MCT Automates Tri-Party Agreement for Bid Tape AOT Loan Sale Executions

Mortgage hedge advisory and secondary marketing software firm Mortgage Capital Trading Inc. (MCT) says it has found a way to automate the Tri-Party Agreement...

Mel Watt Under Investigation for Alleged Sexual Harassment of FHFA Employee

Mel Watt, director of the Federal Housing Finance Agency (FHFA), is reportedly being investigated for alleged sexual harassment of an employee. According to a Politico...

Fannie Mae Announces Winning Bidder on $6.14B Pool of RPLs

DLJ Mortgage Capital Inc. (Credit Suisse) is the winning bidder on a pool of approximately 26,900 reperforming loans totaling $6.14 billion in unpaid principal...

Verus Mortgage Capital Boosts Loan Amounts for Several Non-QM Programs

Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-prime lending solutions, has increased loan amounts for several of its non-QM programs and...

OpenClose Launches Mobile Version of DecisionAssist

Mortgage software firm OpenClose has launched DecisionAssist Mobile for Originators, a new app that instantly returns product and pricing decisions for both agency and...

Optimal Blue Buys Resitrader

Optimal Blue, a financial technology company that operates the nation’s largest digital mortgage marketplace, has acquired Resitrader, which operates a digital whole loan trading...

Trump Administration Advances Plan for Housing Finance Reform

The Trump Administration on Thursday introduced a housing finance reform plan that - similar to past proposals - would lessen the government's footprint in...

MIAC Updates VeriFi Due Diligence Platform

Mortgage Industry Advisory Corp. (MIAC), a provider of financial analytics solutions, recently released the newest version of its due diligence software platform, VeriFi 3.0. The new version provides users...

FHFA Seeks Feedback on Proposed Capital Reserve Structure For Fannie, Freddie

How much capital should government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have in their reserves in order to adequately protect taxpayers from a...

Fannie Mae Announces Sale of $1.64B NPL Pool

MTGLQ Investors LP is the winning bidder on a pool of non-performing mortgage loans (NPLs) recently auctioned by Fannie Mae. The sale includes approximately 9,800...

Finastra’s Fusion Mortgagebot POS Now Integrated with Optimal Blue’s PPE

Finastra’s point of sale solution is now integrated with Optimal Blue’s product and pricing engine. This will enable banks and credit unions using Finastra’s Fusion MortgagebotPOS...

LendingQB’s LOS Now Supports MCT’s BAM

LendingQB’s loan origination platform now supports the new Bid Auction Manager (BAM) technology within Mortgage Capital Trading’s (MCT) MCTlive! secondary marketing software platform. This new integration...

Freddie Mac Prices Second SCRT Offering For 2018

Freddie Mac reports that it has priced its second Seasoned Credit Risk Transfer Trust (SCRT) offering of this year - a rated securitization of...

Achieving Best Execution for Ginnie Mae MBS

Broker-dealers are increasingly encouraging their originator clients to consider building custom, single-issuer pools.

TMS Acquiring LoanLogics’ Non-Core MSR Consulting Products

Transformational Mortgage Solutions (TMS), a provider of management consulting services for the mortgage industry, is acquiring LoanLogics' non-core MSR consulting products and re-branding LoanLogics'...

Tavant Working with Freddie Mac on Loan Data Delivery

Tavant, a provider of digital products and solutions for the consumer lending industry, says it is collaborating with Freddie Mac to launch a one-click...

Resitrader Adds New Features to its Whole Loan Trading Platform

Resitrader has added new features to its whole loan trading platform, including a highly configurable eligibility engine that enables sellers to identify loan characteristics...