Dutch bank ABN Amro Holding NV is entertaining offers for its U.S. mortgage division, industry sources have told MortgageWire.A spokesman for ABN Amro Mortgage, Ann Arbor, Mich. -- the nation's eighth-largest servicer, with $220 billion in receivables -- declined to discuss the matter, citing a company policy not to comment on "rumors and speculation." One investment banker told MW that, "I don't know how formal the process is, but it's definitely out there." (For full details, see the Nov. 6 issue of National Mortgage News.)
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Atlas VMS acquired CloseClear.ai to help lenders prevent post-appraisal GSE buybacks. The tech continuously matches active pipelines against live disaster maps to plug closing blind spots.
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BTIG is predicting mortgage origination volume for loanDepot, PennyMac Financial Services, Rithm, Rocket Cos., and UWM Holdings combined will be 5% lower than the industry consensus for the third quarter.
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Cyber policies must keep pace with a surge in incidents fueled by AI, as well a growing trend toward account takeovers.
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Researchers showed a message with no return address slips past Reject Direct Send. Credit unions were told to close this kind of gap in 2021.
September 9 -
Also, the Broker Action Coalition announced Jamie Cavanaugh as its next CEO, while Dark Matter Technologies added two new members to its leadership team.
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