Fresh Today

Fresh Today

WASHINGTON—Mortgage Translations has been launched jointly by the Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac as a new centralized hub of online resources now available to assist lenders and others in the mortgage business as they serve limited English proficient (LEP) borrowers.

CIRCLE, Mont.–Two Montana credit unions have announced merger plans. The $9-million Fallon County FCU in Baker said its members have voted in favor of merging into the $71-million McCone County FCU.

WASHINGTON—The Treasury Department’s Financial Crimes Enforcement Network has been looking into whether foreign buyers are using shell companies to buy luxury U.S. real estate in order to launder money for almost three years, but two Democratic senators want the government to do more to figure out how much criminal activity is prevalent in such deals.

DALLAS–Calyx Software, a provider of mortgage software solutions, said all Calyx Point users can now access Deephaven’s non-QM mortgage products, enabling them to serve more borrowers and capitalize on the growing opportunities for non-QM.