Mortgage industry of the United States

Fannie Mae Prices $595 Million Multifamily DUS REMIC (FNA 2020-M53) Under Its GeMS Program

Friday, December 4, 2020 - 8:25pm

Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans.

Key Points: 
  • Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans.
  • We partner with lenders to create housing opportunities for families across the country.
  • We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk.
  • Before investing in any Fannie Mae issued security, you should read the prospectus and prospectus supplement pursuant to which such security is offered.

KBRA Assigns Ratings to L Street Securities Trust 2020-PMT1

Friday, December 4, 2020 - 7:10pm

Kroll Bond Rating Agency (KBRA) assigns ratings to 15 classes from L Street Securities Trust 2020-PMT1 (LSS 2020-PMT1), a credit risk sharing transaction with a total note offering of $1,700,000,000.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns ratings to 15 classes from L Street Securities Trust 2020-PMT1 (LSS 2020-PMT1), a credit risk sharing transaction with a total note offering of $1,700,000,000.
  • LSS 2020-PMT1 features credit exposure to Reference Obligations with original loan-to-value (LTV) ratios greater than 60% but less than or equal to 97%.
  • The CAA and the CCA represent unsecured contractual obligations of Fannie Mae.
  • The LSS 2020-PMT1 Reference Pool consists of 153,050 residential mortgage loans with an outstanding principal balance of approximately $43.6 billion as of the Cut-Off Date.

Churchill Mortgage Promotes Kathy Cook to Vice President, Closing

Thursday, December 3, 2020 - 6:24pm

NASHVILLE,Tenn., Dec. 3, 2020 /PRNewswire/ --Churchill Mortgage, an industry leader providing conventional, FHA, VA and USDA residential mortgages across 46 states, announced the promotion of Kathy Cook to vice president of closing.

Key Points: 
  • NASHVILLE,Tenn., Dec. 3, 2020 /PRNewswire/ --Churchill Mortgage, an industry leader providing conventional, FHA, VA and USDA residential mortgages across 46 states, announced the promotion of Kathy Cook to vice president of closing.
  • For the past decade, Cook has served in various roles within the Closing Department, most recently as assistant vice president.
  • In her new role, Cook will concentrate on the Closing Department's long-term vision and growing her team even further.
  • "For more than two decades, Kathy Cook has been part of Churchill's nucleus, and we are better professionals and indeed better people because of her," said Matt Clarke, COO of Churchill Mortgage.

Freddie Mac Prices $1.3 Billion Multifamily K-Deal, K-121

Thursday, December 3, 2020 - 6:54pm

The K-121 Certificates are backed by corresponding classes issued by the FREMF 2020-K121 Mortgage Trust (K121 Trust) and guaranteed by Freddie Mac.

Key Points: 
  • The K-121 Certificates are backed by corresponding classes issued by the FREMF 2020-K121 Mortgage Trust (K121 Trust) and guaranteed by Freddie Mac.
  • Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

Freddie Mac Prices New $3 Billion Three-Year Reference Notes Security

Wednesday, December 2, 2020 - 9:30pm

MCLEAN, Va., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today that it priced its new $3 billion, 0.25% three-year USD Reference Notes security due on December 4, 2023.

Key Points: 
  • MCLEAN, Va., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today that it priced its new $3 billion, 0.25% three-year USD Reference Notes security due on December 4, 2023.
  • The new Reference Notes security is offered via a syndicate of dealers headed by Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC.
  • This announcement is not an offer to sell any Freddie Mac securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

GO Mortgage named Top Mortgage Workplace by Mortgage Professional America

Wednesday, December 2, 2020 - 2:15pm

MILWAUKEE, Dec. 2, 2020 /PRNewswire-PRWeb/ -- GO Mortgage, a national full-service mortgage lender, has been named as one of the Top Mortgage Workplaces by Mortgage Professional America.

Key Points: 
  • MILWAUKEE, Dec. 2, 2020 /PRNewswire-PRWeb/ -- GO Mortgage, a national full-service mortgage lender, has been named as one of the Top Mortgage Workplaces by Mortgage Professional America.
  • The winners needed to achieve an 80% or greater average in satisfaction rating to be named to the list.
  • "It is always an honor to be named a top workplace," said Chad Jampedro, president of GO Mortgage.
  • GO Mortgage is a Brookfield, Wisconsin-based mortgage lender that operates as a DBA of GSF Mortgage Corporation.

Freddie Mac Announces Issuance of New Three-Year Reference Notes Security

Wednesday, December 2, 2020 - 2:48pm

MCLEAN, Va., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) announced today that it plans to issue a new three-year USD Reference Notes security, CUSIP number 3137EAFA2, due on December 4, 2023.

Key Points: 
  • MCLEAN, Va., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) announced today that it plans to issue a new three-year USD Reference Notes security, CUSIP number 3137EAFA2, due on December 4, 2023.
  • The new Reference Notes security will be offered via a syndicate of dealers headed by Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC.
  • This announcement is not an offer to sell any Freddie Mac securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

ABS Introduces The Loan Office Web

Wednesday, December 2, 2020 - 2:01pm

LONG BEACH, Calif., Dec. 2, 2020 /PRNewswire/ -- Applied Business Software, ABS, the leader in loan servicing and loan origination software in the lending industry, announced today the launch of The Loan OfficeWeb, a state-of-the-art servicing software for smaller lenders.

Key Points: 
  • LONG BEACH, Calif., Dec. 2, 2020 /PRNewswire/ -- Applied Business Software, ABS, the leader in loan servicing and loan origination software in the lending industry, announced today the launch of The Loan OfficeWeb, a state-of-the-art servicing software for smaller lenders.
  • ABS, established in 1978 and creators of The Mortgage Office, the most reliable and robust software in the lending industry, created The Loan Office in 2014 for small lenders, and is now launching its highly anticipated web-based version.
  • The Loan Office is a powerful and affordable loan servicing software for any entity servicing a handful to hundreds of loans.
  • Jasen Portero, COO and principal developer of The Loan Office said: "We are thrilled to launch the web-based version of The Loan Office.

Why Mortgage Pros Choose Nations Lending: It's "the marketing, the tech, the great rates."

Wednesday, December 2, 2020 - 12:00pm

INDEPENDENCE, Ohio, Dec. 2, 2020 /PRNewswire/ -- Why do mortgage professionals continue to choose Nations Lending , the independent, direct-to-agency mortgage lender based in the Cleveland, Ohio area, in 2020.

Key Points: 
  • INDEPENDENCE, Ohio, Dec. 2, 2020 /PRNewswire/ -- Why do mortgage professionals continue to choose Nations Lending , the independent, direct-to-agency mortgage lender based in the Cleveland, Ohio area, in 2020.
  • "This is a team that wants to be the best at what they do.
  • Darrimon arrives at Nations after spending the last two years at Mason-McDuffie Mortgage, and before that he managed a branch at Movement Mortgage.
  • Nations is an agency-direct lender with Fannie Mae, Freddie Mac and Ginnie Mae and retains mortgage servicing rights on 96 percent of the loans it originates.

Freddie Mac Prices $983 Million Multifamily K-Deal, K-F94

Tuesday, December 1, 2020 - 7:59pm

Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.

Key Points: 
  • Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.
  • This announcement is not an offer to sell any Freddie Mac securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.