FCI Fintech developed a patent-pending interplanetary file system that allows the private blockchain to be live with the servicing program.

More bulk auctions of mortgage servicing rights are on the horizon; Real estate investment trust AGNC reports preliminary estimates for the third quarter of 2023; ICE reports that foreclosures increased in September; Attom finds home seller profit margins rose in 3Q.

The lender believes the program is a good fit for the wholesale channel because it helps brokers stand out...

Expanded-credit mortgage securitizations picked up in the third quarter of this year as second-rung players increased their participation in the market. (Includes three data tables.)

The issuance, sized at $342.0 million, received preliminary AAA ratings from Fitch Ratings and Kroll Bond Rating Agency.

Officials at FCI Lender Servicing believe financial institutions will be required to use blockchain within five to 10 years given the transparency it offers.

Redwood Trust and Point partnered to co-issue the second-ever rated home equity investment securitization.

The company’s buy-before-you-sell product will initially be offered through the wholesale channel.

MFA Financial and other non-QM players could benefit if interest rates stabilize heading into 2024.

Founders of the hedge fund allege that company executives are breaching their fiduciary duty by blocking shareholders from hearing details of a rival bid to Rithm Capital’s offer.