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.
-
The deal reinforces PennyMac's AI-focused pivot and will also accelerate development and growth of its proprietary servicing platform, the lender said.
30m ago -
Rithm and UWM Holdings are the favorite names among publicly traded lenders, while BTIG adds coverage of Better Home & Finance at a buy rating.
1h ago -
This industry executive finds subservicing mortgages impacted by rule changes and relatively higher delinquency rates helps test operations and keep them sharp.
1h ago -
Higher mortgage rates and affordability pressure prompts Fitch Rating's revision from 'neutral' to 'deteriorating'
7h ago -
A California appellate court reversed a lower court's dismissal of a lawsuit over CrossCountry's alleged 2021 raiding of a Seattle-area branch.
8h ago -
HUD said its Office of Fair Housing and Equal Opportunity has reduced a Biden administration case backlog by 27% and accelerated investigations.
June 15








