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Industry News
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SRE Mortgage Alliance Closed In 4Q 2021, All Staff Laid Off
Company president confirms wholesale division cuts; business now operating via SRE.com.
More Originators/Aggregators Set Their Sights On Securitization Opportunities
Fitch Ratings added six originators/aggregators to its coverage over the past quarter, which Fitch believes, is as a result of more originators and aggregators turning to securitization opportunities.
KBRA Assigns Preliminary Ratings To OBX 2022-NQM2 Trust
Kroll Bond Rating Agency assigned preliminary ratings to eight classes of mortgage pass-through notes from OBX 2022-NQM2 Trust.
32% Of Black Homeowners Believe Their Homes Were Unfairly Appraised
A 2022 LendingTree study reported that 32% of Black homeowners believe that their home's value was unfairly appraised.
Freddie Mac To Launch Direct-Deposit Assessment Tool
The new, automated assessment tool will help reduce paper documentation so loans can close faster.
Black Knight Acquires Remaining Interest In Optimal Blue Holdco for $1.16B
Black Knight Inc. acquired the outstanding interest of Optimal Blue Holdco LLC from Cannae Holdings Inc. and Thomas H. Lee Partners, L.P. for nearly $1.16 billion in stocks and cash.
Fathom Holdings Subsidiary Acquires Cornerstone First Financial
The mortgage industry is still in the midst of consolidating as acquisitions and mergers continue to take place.
Fannie Mae Reports Strong 4Q & 2021 Results
For the full year, Fannie Mae reported net income of $22.2 billion, an 88% increase from $11.8 billion for all of 2020.
Revolution Mortgage Opens New Location In Texas
Revolution Mortgage is expanding its footprint in the Texas market with a new location in Spring, TX.
KBRA Assigns Preliminary Ratings To RCKT Mortgage Trust 2022-2
Kroll Bond Rating Agency assigned preliminary ratings to 46 classes of mortgage pass-through certificates from RCKT Mortgage Trust 2022-2.