Tag Archives: Company News

On Tuesday Ginnie Mae gave the green-light to mortgage lender and servicer Carrington Mortgage Services, LLC to issue single-family mortgage-backed securities, allowing the company to package and securitize FHA loans.

On Thursday news reports confirmed that mortgage giant JPMorgan plans to scale back a $154 billion mortgage portfolio to a bare minimum on its balance sheets, even as it battles through continuing mortgage losses, multiple suits and settlements over past loan-servicing practices.

In a statement released Thursday, Global DMS announced that the Uniform Collateral Data Portal would now offer its appraisal process management software to lenders and appraisal companies.

In a statement, TD Bank announced the creation of a step-by-step kit that it dubs the First Time Homebuyer Kit, a program that will guide first-time homebuyers through the homeownership process.

On Friday lending giant Prudential Mortgage Capital Company announced a joint venture with Perella Weinberg Partners that will allow the two companies to store and originate future commercial mortgage-backed securities (CMBS). Participation in the re-emerging CMBS market is critical to maintaining our leadership position in the commercial mortgage arena, David Twardock, president of Prudential Mortgage, said in a statement.

Kinecta Federal Credit Union released a statement Tuesday announcing that it will repackage HomePath mortgages from Fannie Mae with new incentives and financing terms, with additional incentives offered by the GSE that include revised closing costs and a selling bonus for agents.

Last week Churchill Mortgage released a statement announcing its expansion into the Houston market, marking a grab for the mortgage company with branches and services in 25 states.

On Tuesday popular car insurance company Esurance announced a deal with Security First Insurance Company that allows the two to offer homeowners' insurance in Florida. The partnership arrives on the heels of a Quinnipiac University poll that held a resounding 63 percent of Floridians felt that property insurance is hard to come by, with about three-fourths of those agreeing on the inaccessibility of property insurance.

Adding to an innovative new remediation platform it launched in May, the National Association of Field Mortgage Services announced key additions that propose to enhance the speed and ease in field services.

The real estate information marketplace Zillow has expanded its database of homes, leveraging user-submitted data to add more than 25 million new home valuations generated from the company's proprietary Zestimate algorithms, which are Zillow's own market value estimates based on various details available about individual properties. The company says it now has data, Zestimates, and Rent Zestimates on more than three-quarters of all homes in the United States.