FSOC: Rise of Nonbank Mortgage Companies Poses Risk to U.S. Economy
The rise of nonbank mortgage lenders and servicers poses a risk to the stability of the U.S. economy, mainly because they are not adequately...
FHFA Taps Thaya Knight, Lydia Mashburn For Key Positions
Thaya Knight recently joined the Federal Housing Finance Agency (FHFA) as senior counsel for policy and regulation.
In addition, Lydia Mashburn joined the agency as deputy chief...
ARMCO Adds New Capabilities to ACES Audit Technology
ACES Risk Management (ARMCO), a provider of enterprise financial risk mitigation solutions, has released new enhancements to its auditing platform, ACES Audit Technology, including...
Ginnie Mae Using eOriginal For E-Vault Software and Services
Ginnie Mae, which is planning on adopting e-notes, recently announced that it has selected eOriginal Inc. as its provider for e-vault software and services.
eOriginal...
Fannie Mae: U.S. Economy Will Continue to Strengthen in 2020
Despite a potential breakdown in trade talks between the U.S. and China, as well as ongoing political uncertainty abroad, Fannie Mae’s Economic and Strategic...
FHFA Extends Deadline For Commenting on UMBS Pooling Practices
The Federal Housing Finance Agency (FHFA) has extended the deadline for interested parties to provide input on potential changes to Fannie Mae and Freddie...
Freddie Mac: Housing Market Remains on Solid Ground
Despite the possibility of an economic slowdown, the housing market appears to be in good shape and mortgage originators should see increased volume in...
eOriginal Launches New Digital Mortgage Closing Solution
eOriginal Inc. has launched a new digital mortgage closing solution, ClosingCenter, which is designed to deliver a simple and intuitive closing experience for lenders, borrowers...
Mortgage Connect Taps Brian Frye as EVP, Capital Markets
Capital markets veteran Brian Frye has joined Mortgage Connect as executive vice president, capital markets.
Mortgage Connect is national mortgage service provider, serving the origination,...
Mortgage Capital Trading Introduces InvestorMatic
Mortgage hedge advisory and secondary marketing software firm Mortgage Capital Trading (MCT) has introduced InvestorMatic, a new program designed to improve the lender experience...
Freddie Mac Promotes Frank Nazzaro to EVP and CIO
Frank Nazzaro is the new executive vice president and chief information officer (CIO) at Freddie Mac.
Nazzaro joined Freddie Mac in 2018 as chief technology...
Maren Kasper Resigns from Post at Ginnie Mae
Maren Kasper is stepping down from her post as executive vice president and chief operations officer for Ginnie Mae effective Oct. 18.
Kasper has also...
Lender Price Introduces Loan Pricing Tool for Non-QM Loans
Mortgage software provider Lender Price has released FLEX Pricer, a new pricing platform designed for non-QM lenders.
The new tool enables non-QM and non-agency lenders...
Treasury, FHFA Set Capital Retention Requirements For Fannie, Freddie
Let the re-capping begin.
The Treasury and the Federal Housing Finance Agency (FHFA) have agreed on how much capital government-sponsored enterprises (GSEs) Fannie Mae and...
Mortgage Capital Trading’s MCTlive! Goes Mobile
Mortgage Capital Trading’s MCTlive! application now comes in a mobile version, allowing secondary marketing managers to review reporting, manage loan pipelines, and conduct whole...
Industry to CFPB: Ditch the DTI Ratio Requirement for ATR/QM Rule
A coalition of mortgage lenders and industry associations is pushing the Consumer Financial Protection Bureau (CFPB) to eliminate the debt-to-income (DTI) ratio requirement from...
Diving In: What Lenders Need to Know about the Specified Pool Market
BLOG VIEW: Moving from best execution to mandatory represents a significant milestone in the evolution of a mortgage lender’s secondary marketing department, but the...
Administration Seeks to Fast Track GSE Reform
In what would be a major first step toward housing finance reform, the Treasury may end its net-sweep of Fannie Mae and Freddie Mac’s...
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...