Items Tagged with 'Secondary market'


  • Virginia Partners Bank set to acquire majority of Johnson Mortgage Company

    Transaction takes effect on Jan. 1, 2018
    Virginia Partners Bank, a community bank that has operations in Maryland and Virginia, will soon acquire a majority interest in Johnson Mortgage Company, a residential mortgage company headquartered in Newport News, Virginia. Upon completion of the deal, Virginia Partners will own 51% of Johnson Mortgage.
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  • SIFMA voices concern about secondary market impact of rapid VA loan refinancing

    Supports Ginnie Mae, VA effort to address lenders targeting veterans
    Investors are concerned with the secondary market impact of mortgage lenders aggressively targeting servicemembers and military veterans for quick and potentially risky refinances, according to SIFMA, a prominent secondary market trade group. SIFMA voiced its concerns in a letter sent Wednesday to Ginnie Mae, which recently launched an investigation and a task force with the Department of Veterans Affairs to review a rise in rapid refinances among VA loans.
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  • Now is the time — Make housing reform a priority

    Exclusive op-ed from the president of the MBA
    Today, MBA is releasing a plan detailing how a future secondary mortgage market can work – describing a post-conservator end state for Fannie Mae and Freddie Mac. Our proposal includes transition steps detailing how to get from here to there and is the only paper that comprehensively addresses how the reformed secondary market would serve all Americans along the broad continuum of affordable housing needs.
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  • Mortech, Resitrader partner to provide real-time pricing data for whole loan trading

    Mortech data will now be available within Resitrader’s mortgage trading platform
    Mortech, a Zillow Group company that provides mortgage technology solutions for mortgage bankers and the secondary market, announced Wednesday that it is partnering with Resitrader to offer real-time pricing data within Resitrader’s whole loan mortgage trade management software.
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  • Ginnie Mae president: This is why independent banks need more access to credit

    Notes from the MBA Secondary conference
    The search for innovative ways to raise capital was the number one topic during the president of Ginnie Mae’s many conversations at the MBA Secondary Conference. Independent mortgage bankers do a tremendous job in opening the credit box for many borrowers. But what will happen to that credit access in the future if these institutions cannot find a way to access additional capital?
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  • MCT Trading selects Paul Yarbrough to oversee client on-boarding

    Will also manage secondary marketing technology and solution training
    MCT Trading, a risk management and advisory services company, announced the addition of Paul Yarbrough. In his new role, Yarbrough will manage new client on-boarding, oversee the company's secondary marketing technology, and more.
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  • From HW Magazine

    Mortgage technology product showcase: Sapphire and Pathway

    Veros enables easy appraisal submission to the secondary market
    Additionally, customers utilizing Sapphire or Pathway solutions — before delivering to these portals — have the ability to utilize a number of automated quality control tools including automated QC order and review rules and upfront appraisal scoring by VeroSCORE to provide a determination of appraisal risk.
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