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.

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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.

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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.

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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.

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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.


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Falcon Digital Mortgage September Newsletter

09/01/2022

Earlier this month, our team attended the MISMO Fall Summit in D.C. Since it was held in D.C., government and agency attendance was high and the overall attendance was strong. The event kicked off with Ginnie Mae's President Alanna McCargo's opening address that discussed the agency's modernization, ESG and housing affordability efforts.

CDFI Advisory: “What to Expect in the Revised CDFI Application”

09/13/2023

On August 21, 2023, Acting Director of the Community Development Financial Institutions Fund (“CDFI Fund”) Marcia Sigal indicated that the CDFI Fund is still on track to release the new CDFI Application (“Application”) sometime this fall.[1] What can we expect to see in the new Application[2]? The Community Development Advisory Board meeting on July 31 […]

Falcon Digital Mortgage December Newsletter

12/06/2022

What a year! We started relatively strong, coming off the best year ever in terms of originations. But as we all know, interest rates doubled over the course of the year causing a precipitous drop in volume, which in turn stalled the real estate market.