LoanPASS PPE Now Available Through The Mortgage Collaborative
The Mortgage Collaborative has added the LoanPASS product and pricing engine (PPE) to its preferred partner network.
The cloud-based, multi-faceted loan decisioning platform caters to...
Clear Capital, LenderX Team to Mitigate Errors Contributing to Loan Repurchases
Loan repurchases increased from $1.1 billion in 2020 to $2.1 billion in 2022, according to a recent report from Sterling Point - and errors...
SitusAMC Brings ProMerit Warehouse Lending System Into the Cloud
Software firm SitusAMC reports that its warehouse lending system, ProMerit, is now accessible through a cloud-hosted, software-as-a-service (SaaS) platform.
The new functionality significantly enhances client...
Ginnie Mae Modifies Eligibility Requisites for HMBS Pooling
Ginnie Mae has revised its Home Equity Conversion Mortgage (HECM) Mortgage-Backed Securities (HMBS) requirements to allow securitization of multiple participations related to a particular...
ICE, DeltaTerra Join Forces on Climate Risk Analytics Solution
As the threat of climate change takes on greater importance throughout the world, investors are requiring more definitive statistics to make sound decisions. Intercontinental...
MBA Taps George Rogers as VP of Legislative Affairs
George Rogers, an experienced government affairs executive and attorney, has joined the Mortgage Bankers Association (MBA) as vice president of legislative affairs.
Rogers was previously...
Freddie Mac to Auction $628 Million in Non-Performing Loans
Freddie Mac is conducting an approximate $628 million non-performing loan (NPL) sale, via an auction of seasoned non-performing residential first-lien loans held in Freddie...
Angel Oak Mortgage REIT Participates in Third Securitization
Angel Oak Mortgage REIT Inc. (AOMR), a real estate finance company focused on acquiring and investing in first-lien non-QM loans and other mortgage-related assets,...
Verus Mortgage Capital Introduces Closed End Second Lien Mortgage Program
To help mortgage lenders capitalize on the growing home equity market, Verus Mortgage Capital (VMC), a correspondent investor specializing in residential non-QM and investor...
UBS to Pay $1.435 Billion to Settle Case Related to 2008 Financial Crisis
UBS AG and several of its United States-based affiliates have agreed to pay $1.435 billion in penalties to settle a civil action filed in...
Superior Court Win in RMBS Case May Have Broad Implications
Trial law firm McKool Smith recently secured a summary judgment win in a novel case that may have far-reaching consequences for thousands of residential...
MCT Taps Steve Pawlowski as Head of Technology Solutions
Steve Pawlowski has joined Mortgage Capital Trading, Inc. (MCT) as as managing director, head of technology solutions.
Pawlowski brings extensive industry experience to MCT, including...
Ginnie Mae MBS Portfolio Slightly Lower in July
Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding grew to $2.44 trillion in July. That figure includes $37.5 billion of total MBS issuance, leading to...
Residential Loan Investor Invictus Finalizes 50th Securitization
Invictus Capital Partners LP, a Washington, D.C.-based alternative investment management firm, solidified its position as a private credit investor in residential loans by completing...
Fannie Mae GeMS Issuance: $641 Million Multifamily Social DUS REMIC
Fannie Mae priced a $641 million Multifamily Social DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on July 21;...
Fannie Mae Prices Sixth CAS REMIC Transaction at $766 Million
Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2023-R06 – an approximately $766 million note offering that represents Fannie Mae's sixth CAS REMIC...
Freddie Mac Single-Family Green MBS Issuance Near $1.4 Billion in 2022
Freddie Mac has released its 2022 Green MBS Impact Report showing the company issued $1.372 billion of Single-Family Green Mortgage-Backed Securities (MBS) for the...
Fifth Fannie Mae CAS REMIC Deal Priced at $738 Million
Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2023-R05 – an approximately $738 million note offering that represents Fannie Mae's fifth CAS REMIC...
TPT, WMC Merge to Form REIT with $1.2 Billion in Assets
Terra Property Trust (TPT) Inc. and Western Asset Mortgage Capital Corporation (WMC) have entered into a definitive merger agreement to form a real estate...
Angel Oak Latest Securitization: $284.5 Million
Angel Oak Mortgage REIT Inc., a real estate finance company focused on acquiring and investing in first-lien non-QM loans and other mortgage-related assets in...