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....
OneWest Bank FSB has announced the purchase of a $1.4 billion multifamily and commercial real estate loan portfolio from Citibank NA. The portfolio, which includes approximately 600 loans, is a strategic addition to OneWest Bank’s growing commercial real estate lending business. “We are pleased to... more
Wipro Gallagher Solutions (WGS), a provider of cost-effective, end-to-end loan origination technology and fulfillment services for mortgage lenders, has announced an integrated joint offering with Mortech Inc., a mortgage technology software company specializing in daily pricing, product... more
The Financial Industry Regulatory Authority (FINRA) announced that it has fined Goldman Sachs & Company a total of $650,000 for failing to disclose that two of its registered representatives, including Fabrice Tourre, a Goldman vice president, had received formal notices from the Securities and... more
I receive a lot of questions regarding the short-term direction of the markets, as well as the long-term viability of the industry. By now, you should recognize that I am not much for predictions. There are too many uncontrollable factors that can intervene. However, there are some factors that... more