Florida industry appointments update - 11/13/2006

National Mortgage Professional

Nov 12, 2006

Lydian Technology Group launches integration solutionMortgagePress.comMortgage integration solutions Lydian Technology Group has launched the Mortgage Connectivity Hub, an integration software solution for mid- to large-sized lenders. The Mortgage Connectivity Hub builds on Lydian Technology Group's software components and provides an out-of-the-box integration solution that is accessible to mid- and large-sized lenders. The ready-to-deploy integration software solution rapidly and seamlessly connects disparate computer systems, including origination, servicing, accounting and other systems. Lydian Technology Group is a provider of business infrastructure and integration software, based in Jacksonville, Fla. For more information, call (877) 935-5368 or visit www.wellfounddecade.com.

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Nov 12, 2006

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)...