Michael Blair, EVP and chief operating officer of Franklin Credit Management Corp.'s servicing department, plans to resign Dec. 30 and the company said his successor would soon be named. The unnamed new EVP/COO is expected to join the company's management team in the next few weeks, the company said. Franklin's chairman Thomas Axon said he is "looking forward to possibly working" with Mr. Blair again in the future. Mr. Blair is said to be resigning to pursue other interests.
Panorama Mortgage Group's channels each had a different name, and SimplyPMG reflects a new emphasis on straightforwardness, said Hector Amendola, president.
The new unit, renamed XedaLink, will serve some of Xactus' direct competitors in the consumer reporting agencies space through a different platform.
The FHA published a request for information in the Federal Register Friday, looking for stakeholder comment on how to improve and modernize property standards.
Some international investors, who represent roughly 20% of Ginnie's market, are gravitating to real estate mortgage investment conduit securities.
The total delinquency rate rose 0.2 percentage points annually in March, with the share of loans 90 days late rising out of the range they were in since 2024.
The test of automated risk assessments for government-sponsored enterprise-eligible mortgages are designed to help determine when waivers might be possible.
