Radius Mortgage Capital LLC, San Diego, has selected GMAC Mortgage Corp., Horsham, Pa., to handle the special servicing of mortgage loans.Radius is a whole-loan mortgage investor that focuses on credit-sensitive and liquidity-impaired residential loans. GMAC Mortgage said it will provide interim and retained subservicing for Radius' complete portfolio of first and closed-end second mortgages. The companies can be found online at http://www.radiusmc.com and http://www.gmacsolutions.com.
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Consumer advocacy group Better Markets filed a lawsuit in federal district court Thursday claiming the Federal Reserve's top regulator coached bankers on how to comment on proposed capital rules in "secret meetings."
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From higher immediate pricing to long-term impacts on the housing market, originators are assessing what the rise in the 10-year Treasury yield means.
55m ago -
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.
September 9 -
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.
September 9 -
Cyber policies must keep pace with a surge in incidents fueled by AI, as well a growing trend toward account takeovers.
September 9 -
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.
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