Granite Point Mortgage Trust Inc. Announces Internalization of Management

Enhances Overall Value Proposition for Stockholders NEW YORK–(BUSINESS WIRE)– Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) announced today that it and its external manager, Pine River Capital Management L.P. (“Pine River” or the “Manager”), have signed a definitive agreement to internalize the Company’s management […]

Granite Point Mortgage Trust Inc. Announces Update on Process to Internalize Management Function

NEW YORK–(BUSINESS WIRE)–Oct 7, 2020– Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today provided an update on the previously announced internalization of the Company’s management function from its external manager, Pine River Capital Management L.P. (“Pine River” or the “Manager”). As previously disclosed, the […]

Essent Group Ltd. Announces Closing of $399.2 Million Reinsurance Transaction and Related Mortgage Insurance-Linked Notes

Essent Group Ltd. (NYSE: ESNT) announced today that its wholly-owned subsidiary, Essent Guaranty, Inc., has obtained $399.2 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in September 2019 through July 2020 from Radnor Re 2020-2 Ltd., a newly formed Bermuda special purpose insurer. Radnor […]

Mortgage Contracting Services Announces New Ownership

Company recapitalizes balance sheet through substantial reduction in debt, obtains new long-term financing to facilitate growth, execute strategy as high-quality service provider to financial, real estate sectors LEWISVILLE, Texas, Oct. 5, 2020 /PRNewswire/ — Mortgage Contracting Services, MCS, a leading provider of specialized services to financial institutions, is pleased to […]

TIAA Bank Expands Digital Mortgage Capabilities with Black Knight’s Mortgage Origination Suite

Empower Loan Origination System To Support All of Bank’s Lending Channels – TIAA Bank will implement the Empower loan origination system across its origination platforms – In addition, the bank will also use Black Knight’s artificial intelligence capabilities, as well as its product, pricing and eligibility engine, fee monitoring service […]

VersaBank’s New Instant Mortgage Lending Channel to Be Led by Real Estate Finance Veteran Jim Gardiner

LONDON, Ontario–(BUSINESS WIRE)–VersaBank (“VersaBank” or the “Bank”) (TSX:VB) today announced that it has appointed veteran real estate finance executive, Jim Gardiner, to the position of Product Champion, Instant Mortgage, to lead the Bank’s new Instant Mortgage lending business. Mr. Gardiner brings more than thirty years of real estate lending experience […]

What is Mortgage Insurance and How Does it Work?

Meghan Webber, Greater Lansing Association of REALTORS® Published 1:04 p.m. ET Sept. 30, 2020 CLOSE Mortgage insurance makes it possible for buyers to hand over a much smaller down payment and still qualify for a loan. (Photo: eternalcreative, Getty Images/iStockphoto) Some buyers are able to make a significant down payment on […]

Kevin McCrea joins Mortgage Connect as Vice President of PR & Marketing

Press release content from PR Newswire. The AP news staff was not involved in its creation. Click to copy PITTSBURGH, Sept. 30, 2020 /PRNewswire/ — Mortgage Connect, a leading national mortgage services provider for the nation’s largest financial institutions, investors and servicers, today announced Kevin McCrea as Vice President […]