Due to continued liquidity constraints in the reverse mortgage space, Ginnie Mae has begun exploring a new securitization product that would accept HECM loans with balances above 98% of FHA’s Maximum Claim Amount.
Read More »Steve Pawlowski Named Head of Tech Solutions at MCT
After more than 30 years with Fannie Mae’s Capital Markets and Single-Family Digital Products and Services divisions, Pawlowski joins MCT to provide leadership on all of the company’s tech developments.
Read More »Congress Members Call for Pause on GSE Capital Framework
A letter sent to FHFA Director Mark Calabria outlines their concerns that stakeholders will not have enough time to respond by the August 31 deadline.
Read More »MCT Scores Top Marks in Product Satisfaction
The STRATMOR Technology Insight study rated MCT as the leader in overall satisfaction, lender loyalty, and functionality effectiveness in the production pipeline hedging industry.
Read More »The Impact of Privatizing the GSEs
Currently, Fannie Mae and Freddie Mac are the biggest players in the secondary market. But what if the market was moved from the government to the private sector?
Read More »Computershare to Acquire LenderLive
Computershare Loan Services (CLS), a global leader in mortgage servicing, announced its intent to acquire LenderLive Network, LLC, a leading fulfillment and secondary market service provider in the U.S. mortgage industry. Founded in 1999, LenderLive Network (LLN) has offices in the Denver, Los Angeles, and Jacksonville, Florida, areas.
Read More »Blend to Further Digital Mortgage Process With Fannie Mae
Blend, a California-based technology company created to drive the consumer lending industry into the digital age, recently announced it’s the first end-to-end platform will be approved to provide asset verification reports for the Desktop Underwriter (DU) validation service, a component ...
Read More »Freddie Mac Slaps a Price Tag on STACR Deal
Freddie Mac, in conjunction with J.P. Morgan and BNP Paribas as co-lead managers and bookrunners, recently announced the price of its fourth Structured Agency Credit Risk (STACR) debt note offering at $787.5 million. Mortgages in the reference pool have an unpaid principle balance of $31.6 billion. STACR is an ongoing effort to transfer a portion of its mortgage credit risk to private investors.
Read More »Supreme Court: Secondary Markets Not Subject to FDCPA Regulations
On Monday, a unanimous Supreme Court decision could have vast implications for the mortgage and loan industry, particularly the secondary market, unless the Fair Debt Collection Practices Act is amended by Congress. The petitioners brought their case in front of the Supreme Court in an appeal of the 4th Circuit Court ruling in favor of the respondent. Justice Neil Gorsuch delivered his first opinion since his conferral to the Court.
Read More »Industry Veteran Dave Hurt Joins Black Knight Data & Analytics
Black Knight Financial Services’ Data and Analytics division announced this week the hiring of Dave Hurt to lead business development in capital markets and government entities. He will be responsible for developing new client relationships and maintaining existing ones.
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