Milliman has acquired from Apex Analytics the Blue Water mortgage servicing rights valuation and hedging business. Processing Content Terms of the deal, which closed on July 24, were not disclosed. This was the only portion of Blue Water included in the transaction, said Brett Ludden, managing director and head of mortgage solutions at Milliman. “There […]
Milliman gains MSR hedging scale with Blue Water buy Read More »
More than 70 mortgage originators are or will be using FICO 10T, nearly three months after the government-sponsored enterprises began allowing loans sold to them to be scored using this model. Processing Content May and June were the strongest months of lender enrollment to date, FICO said. “We’re at an inflection point in mortgage credit
Over 70 mortgage lenders now signed up for FICO 10T Read More »
Redwood Trust shared some details around how nonqualified mortgages and other new products helped it cope with the industry’s tough market conditions in the second quarter as it confirmed prereported results and bottom line challenges due to legacy assets. Processing Content Redwood recorded a $2.9 million loss to common stockholders ($1.1 prior to payouts to
How Redwood is leaning into new loans to lift originations Read More »