Austin, Texas-based mortgage accounting vendor Mortgage Banking Solutions has merged with San Diego-based Abacus Accounting Services. Abacus offers bookkeeping services to mortgage banks in the western U.S. MBS now offers bookkeeping services in addition to their CFO2Go product suite. The technology can now fully support outsourced bookkeeping activity with remote secure servers.
M&A, complementary to widespread artificial intelligence implementation, is also high on the list of upcoming priorities for new Dark Matter CEO Vikas Rao.
Check out the initial reveal of the 28th edition of National Mortgage News' Top Producer survey, in a year where falling rates helped industry-wide volume.
The NEXA CEO accused his rival of lashing out at his company despite its own alleged wrongdoing in poaching loan officers and diverting loans.
The government guarantor aims to distinguish delinquencies reported as a result of a Federal Housing Administration rule change from broader market trends.
The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.
Delinquencies also showed signs of overall improvement in March, despite an increase in foreclosure numbers, ICE Mortgage Technology said.
