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Flourish launches mortgage platform to help RIAs retain assets

On Tuesday, advisor tech provider Flourish launched a residential mortgage platform aimed at helping RIAs prevent asset outflows to banks and wirehouses during home financing decisions.  Processing Content The new offering, Flourish Lending, is available to more than 1,100 RIA firms on the platform and supports refinancing, cash-out refinancing and new home purchase loans of […]

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FHFA plan renews its effort to grow counterparty oversight

The Federal Housing Finance Agency’s latest performance review plan emphasizes interest in having more power to review Fannie Mae and Freddie Mac’s business partners. Processing Content “Currently, US Federal Housing does not have statutory authority to oversee third-party service providers. These third-party relationships can potentially pose risks,” the agency — which Director Bill Pulte alternately

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Major GSE investor echoes Ackman’s call for Fannie, Freddie uplisting

Oksenholt Capital Management, an investor in Fannie Mae and Freddie Mac’s stock, is echoing earlier calls by billionaire Bill Ackman for the government-sponsored enterprises’ shares to be moved back to a major exchange. Processing Content “In my view, the time has come for Fannie Mae and Freddie Mac to return to a major public exchange

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