Fannie Mae has announced that its recent tender offers for up to $21.04 billion of callable debt securities resulted in a repurchase of $4.16 billion of the securities.The securities were originally issued with European-style one-time call options that have since expired. The government-sponsored enterprise said the offers were part of its effort to maintain a liquid and transparent market for its debt products. Fannie Mae can be found online at http://www.fanniemae.com.
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.
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.
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.
Cyber policies must keep pace with a surge in incidents fueled by AI, as well a growing trend toward account takeovers.
Also, the Broker Action Coalition announced Jamie Cavanaugh as its next CEO, while Dark Matter Technologies added two new members to its leadership team.
