Freddie Mac's HomeSteps real estate owned unit has renewed its agreement with Vendor Resource Management, Irving, Texas. VRM is an REO disposition provider that also provides loss mitigation services to the government-sponsored enterprise. It has been an outsourcer for Freddie Mac since 2006. VRM also is a subsidiary of PCV Murcor, a national real estate valuation company based in Pomona, Calif.
The merger will conclude a 20-month saga that began in December 2024, when Two said United Wholesale Mortgage first approached it with an offer.
The company once known as Voxtur Analytics reset its path to focus on valuations since its own acquisition by Hale Capital Management, CEO Ryan Marshall said.
This was the second acquisition Luminate's mortgage arm has made since the start of 2025. The bank bought NJ Lenders Corp. in April of last year.
The Mortgage Bankers Association lowered its refi expectations by 5% this month, as rising mortgage rates are dampening borrowers' positions.
A group of community development financial institutions are asking a federal court in California to compel Treasury to disburse funds from the CDFI Fund before they expire in September.
A proposed seven-year mandatory selloff rule aimed at institutional investors was a factor in halting momentum for new BTR development, NAHB said.
