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....
Fannie Mae has unveiled a new program designed ease the representations and warranties aspects on mortgage origination
Fannie Mae has unveiled a new program designed ease the representations and warranties aspects on mortgage origination. Under the new Day 1 Certainty Program, Fannie Mae will offer lenders income, assets, and employment validation services to lenders through its Desktop Underwriter system. Fannie... more
A new secondary mortgage market is being proposed in Jamaica, with the goal of breathing new financial vitality into the Caribbean nation’s residential property space
A new secondary mortgage market is being proposed in Jamaica, with the goal of breathing new financial vitality into the Caribbean nation’s residential property space. According to a report in The Gleaner, Prime Minister Andrew Holness addressed an audience at a Realtors Association of Jamaica... more
Credit unions maintained a 6.1 percent share of the mortgage market share in 2015
RBS Securities Inc., a division of Royal Bank of Scotland, agreed to a $120 million settlement with the state government of Connecticut regarding charges of problematic underwriting of residential mortgage-back securities (RMBS) in the years prior to the 2008 financial crisis. Under the terms of... more
Nearly 900 mortgage originators, housing finance experts, and government officials will join Ginnie Mae over the next two days to explore the most critical challenges still facing the housing finance industry
Nearly 900 mortgage originators, housing finance experts, and government officials will join Ginnie Mae over the next two days to explore the most critical challenges still facing the housing finance industry. The two-day 2016 Ginnie Mae Summit in Washington, D.C. will focus on the shift to... more