Author: Michael Gersitz

On the heels of completing its first credit insurance risk transfer (CIRT) deal of the year in early March, Fannie Mae has announced that it has executed two additional CIRT deals.  The newest deals, CIRT 2022-2 and CIRT 2022-3, together transferred $1.8 billion

Mortgage rates, rates New York-based Mortgage Industry Advisory Corp. (MIAC) is in the market with two whole-loan offerings of nonperforming Ginnie Mae-insured mortgages that combined are valued at more than $1.2 billion. The two deals involve nonperforming loans that are eligible for

Nonbanks and mortgage subsidiaries of chartered banks reported grim profitability figures in the fourth quarter of 2021, when costs reached a new high and margins fell to the lowest level since early 2019. And most industry observers think it will

Digital mortgage platform Maxwell has brought on Amy Brandt to its board of directors to gain perspective on the challenges that lenders face and the gaps in the mortgage digitalization process. A veteran with two decades of experience in digital

Freddie Mac today named Wendell Chambliss, its top counsel for affordable housing goals, as chief diversity and inclusion officer. Chambliss will assume the role April 11. Chambliss will take over for Dionne Wallace Oakley, who has been balancing the diversity

Servicers’ forbearance portfolio volume dropped in February for the 21st-consecutive month, with more borrowers current on their mortgage payments due to improvements in the economy and viable loss mitigation options. The total number of loans in forbearance decreased by 12

Fannie Mae is off to steady start on its path toward issuing $15 billion in notes this year through its Connecticut Avenue Securities (CAS) real estate mortgage investment conduit, or REMIC. The agency is about to unveil its third deal

Most title business owners dream of the day they can sell the firm they’ve built for the maximum multiple. Others look forward to building their brands with strategic acquisitions when the timing is right. Here are some tips and pointers

During the Great Recession, “zombie foreclosures” were a thorn in the side of servicers. With no money to pay their mortgages, some underwater borrowers simply abandoned their homes. When the Covid-19 pandemic began in March 2020, zombie foreclosures were one

Tomo, a fintech startup focused on the purchase mortgage sector, announced raising a $40 million Series A led by SVB Capital, according to a press release shared with FinLedger. The fundraise more than doubles Tomo’s valuation to $640 million. It