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Dark Matter offers Empower integration with appraisal portal

Dark Matter Technologies, which operates the Empower loan origination system, has created an integration with the Uniform Collateral Data Portal maintained by the government-sponsored enterprises. This makes the company “an early adopter” in supporting the Uniform Appraisal Dataset 3.6 and the Forms Redesign initiative, a press release said. On June 10, the Mortgage Industry Standards […]

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Sequoia raises $478 million in RMBS

Sequoia Mortgage Trust 2025-6 (SEMT 2025-6) has issued 60 residential mortgage-backed certificates which are supported by 402 loans with a total balance of $478.8 million. The pool comprises first lien, fully amortizing fixed-rate mortgages with 15- and 30-year maturity terms, which were acquired by Redwood Residential Acquisition Corp. from various mortgage originators. The collateral is

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How an identity thief stole $2 million from HELOCs

Adobe Stock A federal jury has convicted Oluwaseun Adekoya of bank fraud conspiracy, money laundering conspiracy and aggravated identity theft. The case offers an in-depth look at a rising threat to banks and credit unions: identity theft used to steal from customers’ home equity lines of credit. A two-and-a-half-week trial exposed Adekoya as the ringleader

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