Phoenix Capital, Denver, is working on bringing an $800 million package of servicing rights to the auction market, according to one advisor familiar with the transaction. The seller is believed to be PMC Bancorp of California. No other information was available on the portfolio as NMN went to press. Phoenix and PMC did not return telephone calls on the matter.
Kastle lands another high-profile client, SWBC adds insurtech to its servicing platform, while other mortgage lenders also embark on new partnerships.
Informative Research also updates its flagship verification product, and nCino enables streamlined workflows for users of open-source protocols.
The fintech's chief executive, Michael Tannenbaum, explains why strategies it's been using primarily in the home equity market have broader implications.
Attom's data adds to signs that the market's loan performance buffer is solid but thinning in some areas, and shows the trend affects both ends of the market.
National Mortgage News is now accepting nominations for its annual Best Mortgage Companies to Work For program.
The new 47-page filing abandons the Racketeer Influenced and Corrupt Organizations Act allegations brought up in the previous 100-plus-page document.
