Metacapital Management, the hedge-fund firm run by former Lehman Brothers Holdings mortgage-bond trader Deepak Narula, returned 28% in the first half of this year, boosted by government-backed debt that benefits from limited homeowner refinancing. Now the New York-based firm is seeking to protect against one of the “biggest” risks in the $5.2trn market for agency mortgage bonds, Narula wrote in a July 22 letter to investors.

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Quicken Loans hits “pause” on One Reverse Mortgage, moves all employees to Rocket Mortgage

Quicken Loans has become the largest mortgage lender in the country over the last few years due in large part to the growth of Rocket Mortgage, the company’s digital mortgage platform. As it turns out, Rocket Mortgage is becoming so big that it’s now consuming other parts of the Quicken Loans family of companies too, namely the company’s reverse mortgage lender.

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Former Speaker of the House Paul Ryan joining board of CIS Credit Solutions

CIS Credit Solutions, which provides credit services for mortgage lenders, is adding a big name to its newly formed advisory board. The company announced Tuesday morning that former Speaker of the House Paul Ryan is joining the company’s board.

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3d rendering of a row of luxury townhouses along a street

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