David Applegate Stepping Down as CEO of CSS
Following the successful implementation of a uniform mortgage backed security for government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, David Applegate will step down...
Freddie Mac Launches New Home Renovation Program
Freddie Mac has launched a new home renovation loan program that allows home buyers to also finance the cost of renovations with a single-close...
Freddie Mac Settles its First SLST Securitization of 2019
Freddie Mac has settled its first Seasoned Loans Structured Transaction Trust (SLST) offering of 2019 - a securitization of approximately $1.2 billion including both...
MAXEX Receives Investment From AGNC
Residential mortgage loan exchange MAXEX recently received a Series B round of venture capital.
The company, which claims it is reinventing the secondary mortgage market...
MCT Introduces New Solution to Automate TBA Trading
Mortgage hedge advisory and secondary marketing software firm Mortgage Capital Trading (MCT) has launched a new product that enables more efficient bidding of TBA...
Angel Oak Enhances its Correspondent Lending Channel
Angel Oak Mortgage Solutions reports that it is enhancing its correspondent lending channel with new technology, infrastructure and high-level talent that reflect the growth...
Mortgage Capital Trading Taps Leslie Winick as Chief Strategy Officer
Leslie Winick has joined mortgage hedge advisory and secondary marketing software firm Mortgage Capital Trading Inc. (MCT) as chief strategy officer (CSO).
Winick has a rich background...
Incenter Mortgage Advisors Hires Ed Brady as Director of Whole Loan Trading
Ed Brady has joined Incenter Mortgage Advisors as director of whole loan trading.
Brady has more than 35 years of residential mortgage secondary market experience....
New Freddie Mac Single-Family Investor Reporting Requirements Coming in May
Get ready for new investor reporting requirements from Freddie Mac.
As part of its Investor Reporting Change Initiative (IRCI), the company will revise its...
Calabria Takes the Reins as Director of FHFA
Mark Calabria is now officially the director of the Federal Housing Finance Agency (FHFA), following a swearing-in ceremony held Monday, and will serve a...
MorVest Capital Hires Larry Charbonneau as Managing Director, Mergers and Acquisitions
Larry Charbonneau has joined mortgage advisory firm MorVest Capital as managing director, mergers and acquisitions.
Charbonneau is a well-respected industry veteran with a formidable reputation...
Maxwell Now Integrated with OptimalBlue
Maxwell's digital mortgage origination platform is now integrated with OptimalBlue’s secondary marketing automation platform.
By leveraging Optimal Blue’s comprehensive product eligibility and pricing API, Maxwell’s...
LendingTree Now Using Lender Price PPE
Lender Price has integrated its product pricing and eligibility (PPE) engine with LendingTree, a marketing and lead generation platform that connects borrowers with lenders.
The...
GSEs Set to Start Issuing Single Common Security
The infrastructure is in place, testing is complete and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are set to start issuing a single...
Freddie Mac Prices $2.1 Billion Securitization of RPLs
Freddie Mac's first Seasoned Credit Risk Transfer Trust (SCRT) offering of 2019 is a rated securitization of approximately $2.1 billion backed by a pool...
Fannie Mae Announces Second CAS CRT Deal of the Year
Fannie Mae priced its second credit risk transfer (CRT) transaction of the year, a $1 billion note offering consisting of more than 107,000 single-family...
Non-QM RMBS Continued to Perform Well in Q4
The credit performance of residential mortgage-backed securities backed by non-qualified, or non-QM, mortgage loans remained strong in the fourth quarter, a recent report from...
Fannie Mae Selling $3.1B Pool of Re-Performing Mortgages
Fannie Mae is auctioning a portfolio of 15,100 re-performing mortgage loans with unpaid principal balance of approximately $3.01 billion.
Re-performing loans are mortgages that were...
OptimalBlue Introduces Mortgage Pricing Benchmarking Tool
OptimalBlue is putting the transactional data captured by its secondary marketing automation platform to good use with the introduction of a new online benchmarking...
NAR Introduces Plan to Re-Charter GSEs as ‘Publicly Regulated Private Utilities’
Adding to the recent buzz around housing finance reform, the National Association of Realtors (NAR) has introduced its own proposal for transitioning government-sponsored enterprises...