Fitch Risk, an affiliate of Fitch Ratings that provides risk technologies and services, has announced an agreement under which Freddie Mac will license Fitch Risk's OpVar software.The company said Freddie Mac will use the software's operational risk data collection, analysis, and reporting to improve Freddie's risk management capabilities. Fitch Risk said OpVantage, its operational risk division, is the first company to market operational risk software. The company can be found online at http://www.fitchrisk.com.
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Meet the top loan originators in the 28th edition of National Mortgage News' annual ranking and learn how they approach purchase business.
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Rocket, United Wholesale Mortgage and Pennymac said they will use the new government-sponsored enterprise credit metric as large lenders get on board.
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One-time Rocket exec Mike Fawaz founded brokerage and tech firm Origna8 with his former adversary's backing, which both say will enable it to quickly scale.
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Federal Reserve Chair Jerome Powell told reporters Wednesday that he would remain on the Fed board after his term as chair expires next month, resolving the last and most significant open question about his departure and the onset of Kevin Warsh's leadership at the central bank.
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President Biden had issued a rule in 2024 requiring newly constructed homes to abide by an energy mandate to be eligible for FHA- or USDA-backed mortgages.
April 29 -
Eligible purchases with the Better Home Equity Card, which lets homeowners instantly spend funds drawn from a home equity line of credit, earn 1% cashback.
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