Freddie Mac has announced the settlement of a $4.0 billion, 30-year, 6% Gold MACS Strip security.The weighted average coupon of the issue (CUSIPs: IO 31282YSS9, PO 3128HWC62) is 6.57%, and the weighted average loan age is two months, the government-sponsored enterprise reported. The lead underwriters of the transaction were Banc of America Securities and RBS Greenwich Capital. Freddie Mac can be found online at http://www.freddiemac.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.
Cyber policies must keep pace with a surge in incidents fueled by AI, as well a growing trend toward account takeovers.
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.
Also, the Broker Action Coalition announced Jamie Cavanaugh as its next CEO, while Dark Matter Technologies added two new members to its leadership team.
