Falcon Digital Mortgage May 2024 Newsletter

 

 

Vendor News

Ginnie Mae Announces Change in Policy on Commingling of Digital and Paper Collateral

Ginnie Mae announced on 5/20/2024 a change to its longstanding Digital Collateral Program policy prohibiting the pooling of eNotes with paper notes. Effective 6/1/2024, approved Ginnie Mae eIssuers will be permitted to pool eNotes with paper notes in the same pool or loan package.

LEARN MORE

Ginnie Mae eNote Securitizations Climb Rapidly

It’s been only a few short years since Ginnie Mae launched its Digital Collateral Program. The program, which began as a pilot of a limited number of eIssuers and eCustodians, has expanded to include numerous other participants. Through 2023 more than 120,000 eNotes have been securitized, equating to more than $33 billion in digital collateral.

LEARN MORE

Snapdocs Partners with SitusAMC

Through the integration of Snapdocs eVault with SitusAMC’s ProMerit platform, warehouse banks can seamlessly manage eNote transactions within their existing systems, enhancing scalability and customer service in response to the growing demand for digital mortgages.

LEARN MORE

Industry Commentary and Education

Navigating AI in Mortgage: Opportunities and Challenges

AI remains a focal point in the mortgage industry. Mortgage professionals expect AI to accomplish a significant portion of their tasks within the next five years, with efficiency being the most anticipated benefit. However, the concerns around loss of personal touch, cyber threats, and data vulnerability are still prevalent.

LEARN MORE

Industry Conferences and Webinars

MBA Secondary & Capital Markets Conference & Expo I May 19-22, 2024

MBA Commercial/Multifamily Finance Servicing and Technology Conference I May 19-22, 2024

MISMO Spring Summit I June 3-6, 2024

HousingWire AI Summit I July 23, 2024

Please contact us if you have an event you would like to be included here.

Explore More

FHFA Credit Initiative: Five Areas of Lender Impact
10/19/2023

  DOWNLOAD PDF For additional information on how Falcon Capital Advisors can support your advocacy and transition contact Phil Bracken at [email protected] or Jim Voth at [email protected].

10.26.21 – Update: New Date for HUD-Held Vacant Loan Sale 2022-1 (“HVLS 2022-1”) – Now December 1, 2021.
09/21/2021

The U.S. Department of Housing and Urban Development (“HUD”) has announced an update to the date for the upcoming HUD-Held Vacant Loan Sale (“HVLS 2022-1”). The new date for this sale is now December 1, 2021, which replaces the previous sale date of November 10, 2021.

The sale will consist of due and payable Secretary-Held loans. The loans are first liens secured by 1 to 4-unit, vacant residential properties where the last surviving borrower is deceased. This sale will include increased bidding opportunities for non-profit and state & local government purchasers.

Entities interested in participating can contact the Office of Asset Sales Single Family Transaction Specialist at 1-844-709-0763 or email [email protected] for more information.

For prospective bidders to this sale, please refer to the section on this webpage entitled, For Prospective HUD Asset Sale Bidders, to become a qualified bidder and receive the Bidder Information Package for HVLS 2022-1.

09.16.21 – Announcing the HUD-Held Vacant Loan Sale 2022-1 (“HVLS 2022-1”).
09/15/2021

The U.S. Department of Housing and Urban Development (“HUD”) has announced the latest HUD-Held Vacant Loan Sale (“HVLS 2022-1”).

On November 10, 2021, HUD will offer multiple residential mortgage pools consisting of approximately 1,700 notes and a loan balance of approximately $417 million.

The sale will consist of due and payable Secretary-Held loans. The loans are first liens secured by 1 to 4-unit, vacant residential properties where the last surviving borrower is deceased.  This sale will include increased bidding opportunities for non-profit and state & local government purchasers.

Entities interested in participating can contact the Office of Asset Sales Single Family Transaction Specialist at 1-844-709-0763 or email [email protected] for more information.