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...
Mid America Mortgage Expands Relationship with Spectrum Mortgage Holdings
Mid America Mortgage Inc. reports that it has expanded its relationship with Spectrum Mortgage Holdings to offer warehouse lines of credit in conjunction with...
Digital Risk Hires Sadie Gurley as Head of Diligence Services
Sadie J. Gurley recently joined Digital Risk, a provider of end-to-end origination, due diligence, compliance and technology services, as head of diligence services.
Gurley has...
Cloudvirga Delivers Single-Click, Dual-AUS Submission of Loan Data
Mortgage point-of-sale (POS) software provider Cloudvirga recently launched single-click submission of loan data to Freddie Mac’s and Fannie Mae’s automated underwriting systems.
The dual-AUS submission...
Fannie Mae Sells Two Reperforming Loan Pools with Aggregate UPB of $1.96 Billion
NRZ Mortgage Holdings LLC (Fortress) and Towd Point Master Funding LLC (RMBS Cerberus) are the winning bidders on two separate pools of reperforming mortgage...
FHFA Sets Date For Issuance of New Common Security
Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will start issuing a new, common security - the Uniform Mortgage-Backed Security (UMBS) - in place...
Resitrader Saw More Than $10 Billion in Bid Volume in February
Resitrader Inc. reports that its online exchange for whole loan trading hit a major milestone in February: More than $10 billion in monthly bid...
Mortgage Lenders Have Bleak Outlook in Fannie Mae’s Lender Sentiment Survey
With falling demand from consumers, increased competition from new entrants and shrinking profits, it’s not exactly a great time to be a mortgage lender,...
Quest Advisors Using TRK’s Insight RDM Mortgage QC Audit Platform
Mortgage quality assurance firm Quest Advisors is using TRK Connection’s cloud-based QC audit platform, Insight Risk & Defect Management (Insight RDM), to power its...
What Happens If Mortgage Rates Soar?
For the real estate sector, the thought of higher rates is strangely worrisome.
MPF Program Now Using LoanScorecard’s PPE
The Mortgage Partnership Finance (MPF) Program of the Federal Home Loan Bank System is now using LoanScorecard’s Portfolio Producer product and pricing engine (PPE)...
Freddie Mac Needs Treasury Draw of About $300 Million
Government-sponsored enterprise Freddie Mac will require a Treasury draw of about $300 million in order to cover losses it incurred in the fourth quarter...
Senate Bill Would Reverse FHFA Ruling Barring ‘Captive Insurers’ from FHLB Membership
A bipartisan bill introduced in the Senate would reverse a 2016 ruling from the Federal Housing Finance Agency (FHFA) to disallow captive insurance companies...
Resitrader Now Integrated with Freddie Mac
Resitrader Inc., which operates an online exchange for whole loan trading in the secondary mortgage market, has completed connectivity of its digital pricing and...
Mortgage Capital Trading Hires Ian Miller as CMO
Ian Miller has joined mortgage hedge advisory and secondary marketing software firm Mortgage Capital Trading Inc. (MCT) as chief marketing officer.
Miller has a proven...
Freddie Mac Rolls Out ACIS Forward Risk Mitigation
Freddie Mac has expanded its Agency Credit Insurance Structure (ACIS) program with ACIS Forward Risk Mitigation (AFRM), a front-end credit risk transfer (CRT) offering...
FHFA Wants Feedback on GSEs’ Use of Alternative Credit Scoring Models
The Federal Housing Finance Agency (FHFA) is seeking feedback regarding the operational and competition considerations of changing Fannie Mae and Freddie Mac’s current credit...