Atlas VMS CEO Erik Morin

Atlas deal signals shift to live GSE disaster monitoring

Atlas VMS is acquiring an artificial intelligence platform that protects lenders from government-sponsored enterprise repurchase risk by continuously monitoring active mortgage loan pipelines against live federal disaster data. Processing Content The valuation and mortgage solutions company bought CloseClear.ai, which matches loans against disaster areas at the ZIP and county level, with exact-coordinate precision when available, […]

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Q3 agency MBS lags targets as home equity, non-QM gain ground

When the third quarter is over at the end of the month, it is likely agency mortgage-backed securities issuance volume will not reach either BTIG and consensus expectations, a new report said. As borrowers shift toward home equity products, originators focused on HELOC and non-QM securitizations have a distinct competitive edge.  Processing Content “If we

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Bessent triples debt buyback but market shows disappointment

The US Treasury tripled the initial size of its next buyback of longer-dated government debt, in an announcement that was met with initial disappointment by investors.  Processing Content The Treasury Department said it will buy up to $6 billion of outstanding securities set to mature in the 10- to 20-year sector. It’s the first such operation under

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