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Effectual Wins $140M Cloud Services Contract with Ginnie

April 23, 2021
Maria Volkova
The New Jersey-based company will help modernize Ginnie Mae’s platform to provide enhanced security, monitoring and service delivery across its entire application portfolio.
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Plush with Stunning Profits, Mortgage Firms Boost Donations

April 23, 2021
Lisa Burden

Lenders both large and small are giving back to their communities. Credit the refi boom of 2020?


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For Sale: A Rare Ginnie Package. More MSRs to Come?

April 23, 2021
Paul Muolo

A thaw is in the air when it comes to auctioning off Ginnie Mae servicing rights...


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1Q21 ABS Issuance Spikes 87% as COVID Recovery Takes Hold

April 23, 2021
John Bancroft

Driving the improvement (no pun intended): the auto lending and leasing sector.


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Mortgage IPO Window Closed? Not for Tech Disruptors...

April 23, 2021
Paul Muolo

For now, Blend's IPO documents are confidential. But eventually its financials will hit the street.


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Texas Bank Kisses Correspondent Goodbye, Remains in Warehouse

April 22, 2021
Paul Muolo
Ocwen Financial is ramping up its servicing/MBS issuance game in a new deal with Texas Capital Bank.
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MBS Trading Declines but with Rates Headed Lower

April 22, 2021
Paul Muolo
Mortgage trading narrowed this spring at a time when rates were rising. Lo-and-behold, rates are headed south once again. But inflation fears are accelerating. What’s an MBS owner to do?
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Commercial Banks Report, Eking Out Lending Gains for 1Q21

April 22, 2021
Paul Muolo
Seven depository bellwethers have released mortgage origination figures for 1Q21. Overall, production increased from the fourth quarter but the devil is in the details.
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VA Readies COVID-19 Partial Claim Payment Program

April 22, 2021
Maria Volkova
The COVID-19 partial claim payment program proposal — without changes to the draft — has been submitted for review to the Office of Management and Budget.
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Calabria Acknowledges ‘Pinch’ on NOO/Second-Home Market Caused by Reg Change

April 22, 2021
Dennis Hollier

FHFA chief Mark Calabria: “The reality is that, in the short run, there will be a pinch on the market, if you will."


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