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Industry veterans launch Canopy in bid to shake up residential due diligence space

Housing Wire

Residential due diligence is an area of the mortgage ecosystem that’s overdue for disruption, according to two industry veterans who want to offer something completely different in the due diligence space through their newly launched company, Canopy. That’s why it has to be done over and over again.”.

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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

Repurchases have been a hot topic for lenders, and to some degree, the agencies and investors have gotten a bad rap in these discussions,” said Nick Volpe , executive vice president of ACES Quality Management. “ Non-QM loans are those that cannot be purchased by the GSEs.

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Cenlar FSB names Thomas Donatacci as investor relations officer

Housing Wire

National mortgage loan subservicer Cenlar FSB announced on Thursday that it has named the Thomas Donatacci as its investor relations officer. Donatacci has extensive experience in servicing transactions and subservicing, due diligence, and M&A. chief of staff at Impac Holdings Inc.

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Underwriter shortage slowing the pace of private-label deals

Housing Wire

Underwriters are needed at the beginning of the process to conduct due diligence on mortgage originations, and they are in demand on the back-end of the pipeline to conduct due diligence on the loans being pooled and securitized in RMBS issuances sold to investors. It depends on who you are,” Mayhew explained.

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New MISMO standards are critical to a growing PLS market

Housing Wire

For a variety of reasons, including recent policy changes at Fannie Mae and Freddie Mac that cap second home and investor property loan volumes, and growth in jumbo loan volume driven by increasing home prices, there has been renewed interest in the PLS market and its future growth.

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The crypto-mortgage is the new kid on the block

Housing Wire

Karl Jacob, CEO and co-founder of LoanSnap , said the cyrpto-mortgage system his company has developed can originate more than just loans that LoanSnap mints. LauraMac is a software as a service, or SaaS, firm that provides due-diligence automation tools for the secondary market. Oasis Pro Markets is a U.S.-regulated

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Ask Brian: How Do Real Estate Developers Make Money?

Realty Biz

Many more people live in the surrounding area on acreage or at least large lots that have been individually developed. We think there might be good money to be made by developing the acreage into a residential development with large lots (1/2 acre each). How do real estate developers make money? Thanks in advance.