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National Mortgage Professional

Feb 01, 2005

GE introduces errors and omissions productMortgagePress.comGE Insurance Solutions, errors and omissions, professional liability coverage GE Insurance Solutions has launched a product offering errors and omissions professional liability coverage for mortgage loan originators and brokers. The application and underwriting process is automated, and individual applicants can apply for coverage online at www.giffordwells.com and will receive their results within minutes. Headquartered in Kansas City, Mo., GE Insurance Solutions provides commercial insurance, reinsurance and risk management services. For more information, call (800) 255-6931 or visit www.geinsurancesolutions.com.

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Feb 01, 2005

Non-QM

Impac Mortgage Slashes Staffing Levels By 48%

From 330 in 4Q 2021, headcount now stands at 170 for California lender

Editor's note: This story has been updated to fix a reporting error made on staffing levels. Citing “significant market pressure,” Impac Mortgage announced during its second quarter earnings call that staffing has been reduced over 48% since the beginning of 2022. A company...

Analysis and Data

GSEs Pass Their Annual Stress Tests

Both Fannie & Freddie are sufficiently capitalized, FHFA says.

Fannie Mae and Freddie Mac have passed their annual financial stress tests. That's the word from the Federal Housing Finance Agency (FHFA), which said last week that despite facing a combined credit loss of just over $17 billion, both government-sponsored enterprises (GSEs)...