Ginnie Mae annual report touts HMBS 2.0 work as commitment to reverse mortgage space

Ginnie Mae this week released its fiscal year 2024 financial report, which describes how the company has aimed to provide liquidity to the mortgage industry, accessibility to affordable housing and value to U.S. taxpayers. As housing advocates continue to call for the company to receive full funding
Read MorePowell’s remarks shoot mortgage rates higher
The fallout from Fed day got out of hand very quickly. The market reacted badly to the FOMC statement and remarks by Federal Reserve Chairman Powell during the Q&A presser, sending the 10-year yield and mortgage rates higher. Also, the Dow was down over 1,000 points today. So what gives? Market play
Read MoreCreditXpert announces launch date for new credit optimization platform

CreditXpert, a leading mortgage technology company, announced on Wednesday the launch date for its new credit optimization platform. The company will replace its What-if Simulator and Wayfinder tools with the new platform on Dec. 31. CreditXpert seeks to take a different approach when addressing hom
Read MoreICE, Sagent are expanding their footprints with new offices

Intercontinental Exchange Inc. will spend at least $173 million to locate the headquarters of its Mortgage Technology division to Jacksonville, Fla. The company, city officials and the JAX Chamber‘s economic development arm, JAXUSA Partnership, announced the expansion Tuesday and was confirmed by th
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