Secondary markets

American International Group will provide reinsurance coverage on three years of United Guaranty's policies and that was an important consideration to do the deal with Arch, said AIG's Rob Schimek.

The owner of 9 West 57th St., an entity controlled by real estate developer Sheldon H. Solow, is using the loan to refinance the building, cashing out $485 million of equity in the process.

Regardless of who wins in November, the mortgage industry will see significant changes, but Hillary Clinton and Donald Trump would take very different approaches to housing and regulatory issues, said Mortgage Bankers Association President and CEO David Stevens.

Mortgage rates moved slightly lower for the week, helping to spur ongoing refinance activity, according to Freddie Mac.

Though the Federal Housing Finance Agency has yet to provide full details about its new refinancing program to be launched next year, some analysts and industry observers are already convinced it will have only a limited impact.

Affiliates of Goldman Sachs, Lone Star Funds and Neuberger Berman are among the winners of Fannie Mae’s latest nonperforming loans auction.

Efforts to expand diversity and inclusion are critical to any industry, but they're becoming especially important in mortgage finance, where the customer base is evolving and more millennial and multicultural consumers are ready to buy homes.

To commemorate the 40th anniversary of National Mortgage News, we look to the future of the mortgage industry — a future that lies at the intersection of people, policy, technology and capital.

So long as government-backed entities are guaranteeing 90% of originations, competition that could result in greater mortgage options for borrowers is being stifled. But a return of private capital to the market, possibly through securitization, could fix that.

From helping to create one of the first loan origination systems to setting the stage for the financial crisis, these 10 people left an indelible mark on the mortgage industry. But where are they now?