Mortgage industry of the United States

FHLB Dallas and Members Award $600K to 37 Community Organizations

Retrieved on: 
Monday, July 19, 2021
Professional services, Philanthropy, Other Philanthropy, Finance, Foundation, Banking, Federal Home Loan Banks, Mortgage industry of the United States, Dallas, Centre for Public Opinion Research, Cities in the United States

More than $600,000 in funding was awarded to 37 community-based organizations (CBOs) by the Federal Home Loan Bank of Dallas (FHLB Dallas) and its members.

Key Points: 
  • More than $600,000 in funding was awarded to 37 community-based organizations (CBOs) by the Federal Home Loan Bank of Dallas (FHLB Dallas) and its members.
  • FHLB Dallas awarded $400,000 in Partnership Grant Program (PGP) grants, and its members provided an additional $200,250.
  • PGP grants are awarded annually through FHLB Dallas member institutions and help promote and strengthen relationships between CBOs and members.
  • We designed the PGP to help our members build and strengthen relationships with local community-based organizations, said Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas.

LendingPad Integrates With Black Knight's Optimal Blue PPE to Streamline Loan Origination Process

Retrieved on: 
Monday, July 19, 2021
Loans, Mortgage industry of the United States, Loan origination, Mortgage loan

As a cloud-based mortgage loan origination system (LOS), LendingPad helps businesses streamline and manage loan origination processes and improve the customer experience.

Key Points: 
  • As a cloud-based mortgage loan origination system (LOS), LendingPad helps businesses streamline and manage loan origination processes and improve the customer experience.
  • Through this multi-point integration, LendingPad now seamlessly leverages the Optimal Blue PPE to enable wholesale, correspondent and retail lenders to generate real-time, compliant pricing scenarios regardless of their business channel.
  • "Our clients will greatly benefit from this key integration with the Optimal Blue PPE, delivering automation and pricing accuracy across multiple loan channels."
  • Using Optimal Blue's application programming interface (API), these connections will help LendingPad LOS users streamline the mortgage process, while enhancing loan officer productivity and reducing costs.

MeridianLink Announces Launch of Initial Public Offering

Retrieved on: 
Monday, July 19, 2021
Loans, Money, Finance, Mortgage industry of the United States, Economy, Loan origination, Mortgage loan, Underwriting, Mortgage

Costa Mesa, Calif., July 19, 2021 (GLOBE NEWSWIRE) -- Project Angel Parent, LLC (MeridianLink), parent company ofMeridianLink, Inc.,a cloud-based technology company that enables banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies to streamline loan decision making, loan origination, and customer collection workflows,today announcedthe launch of itsinitial public offeringof12,000,000shares ofitscommon stock.The offering consists of10,000,000shares offered byMeridianLinkand2,000,000shares to be sold by certain ofMeridianLinksexisting stockholders.

Key Points: 
  • Costa Mesa, Calif., July 19, 2021 (GLOBE NEWSWIRE) -- Project Angel Parent, LLC (MeridianLink), parent company ofMeridianLink, Inc.,a cloud-based technology company that enables banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies to streamline loan decision making, loan origination, and customer collection workflows,today announcedthe launch of itsinitial public offeringof12,000,000shares ofitscommon stock.The offering consists of10,000,000shares offered byMeridianLinkand2,000,000shares to be sold by certain ofMeridianLinksexisting stockholders.
  • In addition, theunderwriterswill havea 30-day option to purchaseup to an additional1,800,000shares from certain of the selling stockholders at the public offering price, less underwriting discounts and commissions.
  • The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol MLNK.
  • BofASecurities, Credit Suisse, and Barclays are acting as lead book-running managers for the offering.

First Tech Federal Credit Union Selects ICE Mortgage Technology’s Encompass Product and Pricing Service to Streamline Automation and Scale

Retrieved on: 
Monday, July 19, 2021
Professional services, Data management, Technology, Finance, Software, Banking, Loans, Mortgage loan, United States housing bubble, Finance, Mortgage industry of the United States, Economy, Financial services, Mortgage broker, First Tech Federal Credit Union, Intercontinental Exchange, FIRST TECH FEDERAL CREDIT UNION, INTERCONTINENTAL EXCHANGE

ICE Mortgage Technologys Encompass Product and Pricing Service allows First Tech Federal Credit Union to leverage pricing and eligibility capabilities in a native environment within Encompass, said Joe Tyrrell, President of ICE Mortgage Technology.

Key Points: 
  • ICE Mortgage Technologys Encompass Product and Pricing Service allows First Tech Federal Credit Union to leverage pricing and eligibility capabilities in a native environment within Encompass, said Joe Tyrrell, President of ICE Mortgage Technology.
  • Relentless operational efficiency is the vision for First Techs Residential Mortgage Lending Division, said Bruce Dickinson, Senior Vice President, Residential Mortgage Lending of First Tech Federal Credit Union.
  • The Encompass Product and Pricing Service helps First Tech Federal Credit Union to be better positioned for those challenges and demands for future success.
  • Encompass and the ICE Mortgage Technology logo are trademarks of the entities of ICE Mortgage Technology, Inc.

Freddie Mac Announces Pricing of $382 Million Multifamily Small Balance Loan Securitization

Retrieved on: 
Friday, July 16, 2021
Mortgage industry of the United States, Finance, Money, Mortgage-backed security, Loans, Economy, Affordable housing, Freddie Mac, Structured finance, Mortgage loan, Predatory mortgage servicing, Government-sponsored enterprise

Freddie Mac is also acting as mortgage loan seller and master servicer to the trust.

Key Points: 
  • Freddie Mac is also acting as mortgage loan seller and master servicer to the trust.
  • In addition to the five classes of securities guaranteed by Freddie Mac, the trust will issue certificates consisting of Class B and Class R Certificates, which will not be guaranteed by Freddie Mac and will be sold to private investors.
  • Freddie Mac has a specialty network of Optigo Seller/Servicers and Optigo SBL lenders with extensive experience in this market who source loans across the country.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

Freddie Mac Named RMBS and CMBS Issuer of the Year

Retrieved on: 
Thursday, July 15, 2021
Financial markets, Structured finance, Mortgage-backed security, Mortgage industry of the United States, Fixed-income securities, Finance, Commercial mortgage-backed security, Freddie Mac

The RMBS and CMBS awards recognize Freddie Macs Single-Family Credit Risk Transfer (CRT) STACR and its Multifamily K-Deal securities, respectively.

Key Points: 
  • The RMBS and CMBS awards recognize Freddie Macs Single-Family Credit Risk Transfer (CRT) STACR and its Multifamily K-Deal securities, respectively.
  • The RMBS Issuer of the Year Award acknowledges Freddie Macs ongoing commitment to the credit risk transfer asset class, said Freddie Macs Mike Reynolds, Vice President of Single-Family CRT.
  • Through CRT, Freddie Mac helps ensure a better housing finance system for homebuyers while decreasing risk and providing unique opportunities for investors.
  • Were very proud to be named CMBS Issuer of the Year, said Robert Koontz, Freddie Mac Senior Vice President, Multifamily Capital Markets.

Freddie Mac: Housing Market Expected to Remain Strong Despite Supply and Price Concerns

Retrieved on: 
Thursday, July 15, 2021
Mortgage industry of the United States, Affordable housing, Freddie Mac, Mortgage loan, Finance, Economy

Therefore, Freddie Mac predicts that the market will remain strong through 2021.

Key Points: 
  • Therefore, Freddie Mac predicts that the market will remain strong through 2021.
  • As the economy continues to mend, the housing market remains strong even as certain obstacles have begun to slow sales across the country, said Sam Khater, Freddie Macs Chief Economist.
  • Khater continued, Despite the housing markets recent highs, there are indications of softening demand in recent home purchase mortgage applications data.
  • According to Freddie Macs Forecast:
    The average 30-year fixed-rate mortgage (FRM) is expected to be 3.1 percent in 2021 and 3.7 percent in 2022.

Delphix Reports Uptick in Employee Diversity Rates

Retrieved on: 
Thursday, July 15, 2021
Articles, Mortgage industry of the United States, Fannie Mae, DevOps, Fannie, Diversity, Human behavior, Economy

REDWOOD CITY, Calif., July 15, 2021 (GLOBE NEWSWIRE) -- Delphix , the industry leading data company for DevOps, announced an increase in its overall employee diversity rates from 29.5% in Q4FY21 to 31.7% in Q1FY22, a growth of over 2% over the last quarter.

Key Points: 
  • REDWOOD CITY, Calif., July 15, 2021 (GLOBE NEWSWIRE) -- Delphix , the industry leading data company for DevOps, announced an increase in its overall employee diversity rates from 29.5% in Q4FY21 to 31.7% in Q1FY22, a growth of over 2% over the last quarter.
  • Diversity is a core part of our values at Delphix.
  • Weve made progress, but theres a lot more work to be done, said Jedidiah Yueh, Founder and CEO of Delphix.
  • Leading companies, including UKG, Choice Hotels, J.B. Hunt, and Fannie Mae, use Delphix to accelerate digital transformation.

Essent Group Ltd. Announces Adolfo Marzol to Serve as Special Advisor to the Chairman and CEO

Retrieved on: 
Thursday, July 15, 2021
Professional services, Residential Building & Real Estate, Insurance, Finance, Construction & Property, Banking, Loans, Mortgage loan, Mortgage industry of the United States

Essent Group Ltd. (NYSE: ESNT) announced today that Adolfo Marzol will serve as Special Advisor to the Chairman and Chief Executive Officer.

Key Points: 
  • Essent Group Ltd. (NYSE: ESNT) announced today that Adolfo Marzol will serve as Special Advisor to the Chairman and Chief Executive Officer.
  • Adolfo played an instrumental role in Essents founding, and his deep knowledge across housing and mortgage finance will be valuable as we continue to expand and further strengthen our franchise.
  • I am very pleased to serve as Special Advisor and to contribute to Essents continued growth and industry leadership, said Marzol.
  • Essent provides private capital to mitigate mortgage credit risk, allowing lenders to make additional mortgage financing available to prospective homeowners.

Two Harbors Investment Corp. Announces Earnings Release and Conference Call for Second Quarter 2021 Financial Results

Retrieved on: 
Wednesday, July 14, 2021
Construction & Property, Professional services, REIT, Finance, Structured finance, Mortgage-backed security, Finance, Financial markets, United States housing bubble, Money, Mortgage industry of the United States, Fixed-income securities, Mortgage servicer, Residential mortgage-backed security, Mortgage loan, American Home Mortgage

Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, announced today that it will release financial results for the quarter ended June 30, 2021 after market close on August 4, 2021.

Key Points: 
  • Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, announced today that it will release financial results for the quarter ended June 30, 2021 after market close on August 4, 2021.
  • The company will host a conference call to review the financial results on August 5, 2021 at 9:00 a.m.
  • To participate in the teleconference, please call toll-free (877) 502-7185 approximately 10 minutes prior to the above start time.
  • Two Harbors Investment Corp., a Maryland corporation, is an internally managed real estate investment trust that invests in residential mortgage-backed securities, mortgage servicing rights and other financial assets.