Items Tagged with 'Secondary market'

ARTICLES

  • HECM mortgage-backed securities data reveals low flow and lots of payoffs

    Issuance totals highlight concerns about market health
    The latest data on HECM mortgage-backed securities sheds light on issues plaguing the struggling reverse mortgage industry. A report by New View Advisors reveals a massive, record-breaking wave of payoffs and assignments to HUD. Coupled with low origination volume, this could mean HMBS float will continue to decline, raising liquidity concerns for investors.
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  • American Mortgage Consultants launches new subsidiary

    New company, TechEssential, offers solutions suite for secondary market
    American Mortgage Consultants, a residential and consumer loan mortgage industry solutions provider, recently announced the formation of a new subsidiary, TechEssential, to provide solutions to ease transactions in the secondary mortgage market. AMC's CEO Michael Franco said the new subsidiary represents AMC’s larger commitment to technology as the underpinning of its business.
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  • Pavaso names Brenda Clem EVP of capital markets

    Industry veteran advocates for eNote, eMortgage and eWarehouse adoption
    Mortgage tech provider Pavaso named Brenda Clem executive vice president of capital markets. Clem has more than 30 years of experience in operations and secondary markets and is focused on how to use technology to advance residential lending.
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  • Digital mortgages slash turn times of mortgages to secondary market

    The two parts of the digital mortgage
    The final day of the Mortgage Bankers Association Secondary conference in New York City ended with a panel of experts who spoke on the importance of the digital mortgage to the secondary market. Panelists explained that consumers aren’t the only ones who benefit from the digital mortgage and eClosing process.
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  • Sponsored By
    Optimal Blue

    Optimal Blue automates complex secondary marketing functions with expanded solution

    New features include margin management, lock management and personalization
    Optimal Blue has invested heavily in the expansion of the features and functionality available through its enterprise secondary marketing solution. Surrounding core capabilities with a powerful and robust feature set not only differentiates Optimal Blue from other providers, but enables their client base to further enhance their already sophisticated secondary marketing strategies and sustain their competitive edge.
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  • 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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