Secondary Market

LoanLogics, a company specializing in loan quality management and performance analytics technologies for the mortgage industry, announced it has raised $11.2 million in funding from growth equity firm Volition Capital and existing investors.

With the implementation date for the ability-to-repay and qualified mortgage (QM) guidelines creeping ever close, Fitch Ratings expects it will have to adapt its ratings process to work them in.

Carrington Property Services announced it is taking over property management responsibilities on rental properties owned by capital management firm Gorelick Brothers Capital.

Freddie Mac announced Tuesday that it has obtained an insurance policy intended to attract new sources of private capital from non-mortgage guaranty insurers and reinsurers.

In an effort to offer further support to the mortgage brokerage and correspondent lending communities, Texas-based 360 Mortgage Group announced the launch of a new aggressive pricing model on all currently offered mortgage products.

Pacific Union's CEO, Mark A. McLaughlin, was named as the recipient of the 2013 RISMedia Real Estate Leadership Award, a national award recognizing members of the real estate community who embrace innovation and blaze new trails.

In the midst of an ongoing political debate surrounding their future, Fannie Mae and Freddie Mac continue to see strong profits.

Freddie Mac announced its multifamily division has received an initial commercial mortgage-backed securities (CMBS) master servicer rating of CMS2 from Fitch Ratings--the highest initial rating ever assigned by Fitch for a master servicer.

Bill Griffin, EVP at Lender Processing Services (LPS), has been elected to serve on the Mortgage Bankers Association's (MBA) board of directors, the company announced.

Freddie Mac announced Tuesday it has priced a $630 million offering of Structured Agency Credit Risk (STACR) debt notes, marking the second STACR offering in which private sources--not taxpayers--took on the credit risk. "STACR is part of Freddie Mac's strategy to share credit risk with private investors while also fostering an agency credit market," said David Lowman, EVP of single-family business for the GSE.