Origination

The Agency, a brokerage with a leading role in a Netflix show, names New American Funding their preferred mortgage provider, stripping that title away from CrossCountry Mortgage.

The cohort is outperforming the broader market — up more than 50% year-to-date versus the S&P 500's 18% gain. 

Denver-based Proprietary Capital, who offers a platform for institutional investors seeking returns from mortgage-related assets, agreed to purchase the New Jersey-based lender as it seeks to increase the number of opportunities it offers.

The real estate investment trust declined to comment on its bid to buy Western Asset Mortgage Capital, a company that received a sweetened competing offer from Terra Property Trust last week.

Negotiations are ongoing, but the legal move ends the restraining order trial in federal court scheduled for Aug. 14.

Lenders including Goldman Sachs Group Inc. and JPMorgan Chase & Co. have been trying to sell debt backed by offices, hotels and even apartments in recent months, but many are finding that tidying up loan books is no easy feat when concerns about commercial real estate have surged.

Radian and MGIC grabbed a larger portion of new insurance written during the period while maintaining pricing discipline.

The new technology expands the capabilities of automation used to obtain digital transcript information from self-employed borrowers.

Companies that don't use the technology on average pay $1.76 million more and take 108 days longer to respond to incidents than firms that utilize it.

The alleged scam targeted elderly Vietnamese-American homeowners in California and fooled banks into distributing illicit funds to the perpetrators.