Former Ginnie Mae president applauds the development of new HMBS product

Ted Tozer, former president of Ginnie Mae during the Obama administration and current president Alanna McCargo’s most recent Senate-confirmed predecessor, applauded the news that the company is looking into the development of a new Home Equity Conversion Mortgage (HECM)-backed Security (HMBS) produc
Read MoreExecs from Dark Matter Technologies focus on automation to increase Empower’s market share

Dark Matter Technologies, formerly Black Knight Origination Technologies, is gearing up to bring more lenders on to use its Empower loan origination system in 2024.The firm is primarily focused on creating an application programming interface (API) marketplace where Dark Matter Technologies can coll
Read MoreCalifornia commission suit alleges collusion in the City of Angels

Lights, camera, lawsuit! A copycat commission lawsuit has been filed in Los Angeles.The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. It was filed on Wednesd
Read MoreStavvy’s CTO on moving a whole industry to digital

HousingWire Editor in Chief Sarah Wheeler sat down with Jim Butler, chief technology officer at Stavvy, to talk about moving real estate from paper to a digital transaction, how the company is using AI, and the vibe you get working with industry experts. Previously, Butler served as CTO of HqO, an e
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