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LenderLive Gets New Majority Investor

New York-based private equity firm Aquiline Capital Partners has signed a definitive agreement to become majority investor in Colorado's LenderLive Network, Inc., both companies announced this week.

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Forecast: Full Steam Ahead for Housing

In its latest forecast, Wells Fargo's Economics Group cited a number of reasons optimistic housing market predictions for next year, namely easing of credit, job and income growth, and mortgage rates near their lowest levels in a generation.

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Republicans Bash Plan to Restart Contributions to Housing Funds

U.S. Representative Ed Royce (R-California), a senior member of the House Financial Services Committee, has issued a statement calling the Federal Housing Finance Agency (FHFA)'s announcement that the Agency will divert GSE money to the Housing Trust Fund and Capital Magnet Fund "outrageous."

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Caliber Welcomes New Regional VP

Full-service national lender Caliber Home Loans announced a new addition to its team, naming Kevin A. Ginsburg to the role of regional VP of Texas' central and southern regions.

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$2.7B Servicing Rights Portfolio Comes to Market

The offering, announced Friday, consists of Fannie Mae and Freddie Mac mortgages with more than $2.7 billion in unpaid principal balance, according to MountainView Servicing Group, which is acting as advisor on the sale. Bids are due December 18.

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Consumer Sentiment Rises in First-Look Reading

The Thomson Reuters/University of Michigan survey of consumer sentiment came in at a preliminary index reading of 93.8 for December, up from November's final reading of 88.8. December's report beat economists' forecasts by more than four points and puts the index at its highest level since January 2007.

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Fannie Mae Transfers Risk to Reinsurers in New Transaction

Fannie Mae has expanded its risk sharing offerings with Wednesday's announcement of a credit insurance risk transfer (CIRT) deal, which transfers the credit risk on a pool of loans from the taxpayers to a panel of domestic reinsurers. The new deal fulfills one of the 2014 Conservatorship Scorecard goals, which was to complete a variety of risk sharing transactions.

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DocMagic Acquires Doc-Tech Corp.

California's DocMagic, a provider of compliant loan document preparation services, has acquired the assets of Doc-Tech Corporation, according to a company announcement.

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