Secondary

Mortgage Capital Trading Inc. (MCT) has released new secondary marketing technology to improve the industry’s existing loan sale practices
Mortgage Capital Trading Inc. (MCT) has released new secondary marketing technology to improve the industry’s existing loan sale practices. Dubbed Bulk Acquisition Manager (BAM), the solution automates the process of packaging and transferring bulk loan bids, which benefits investors, lenders and... Keep Reading....
Mortgage Capital Trading Inc. (MCT), developer of MCTlive!, has announced that it has added a number of new features to its best execution service offering
Mortgage Capital Trading Inc. (MCT), developer of MCTlive!, has announced that it has added a number of new features to its best execution service offering. The enhancements outpace existing competitor offerings and position MCT to capture additional business among lenders. “We already enjoy a ... more
The National Credit Union Administration (NCUA) has announced that Nomura Asset Acceptance Corporation and Nomura Home Equity Loan Inc. have agreed to jointly pay more than $3 million to settle claims
The National Credit Union Administration (NCUA) has announced that Nomura Asset Acceptance Corporation and Nomura Home Equity Loan Inc. have agreed to jointly pay more than $3 million to settle claims stemming from the sale of allegedly faulty residential mortgage-backed securities (RMBS) to the... more
Freddie Mac ended the third quarter with $2.3 billion in both net income and comprehensive income, plus $3.6 billion of net interest income. As a result of its profits, the government-sponsored enterprise will be returning $101.4 billion in cumulative dividends to the Treasury. During the third... more
NAMB—The Association of Mortgage Professionals has announced that CEO Donald J. Frommeyer, CRMS, has decided to leave his position as chief executive officer of the association
NAMB—The Association of Mortgage Professionals has applauded recent announcements made by both Fannie Mae and Freddie Mac in regards to representation and warranty procedures. Reps and warrants are the rules under which the government-sponsored entities (GSEs) can require the repurchase of loans by... more