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Rocket, Wells Fargo and others are buying loans in forbearance out of government-backed bonds, then selling them back to investors. 
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Scoop.it!
UK online mortgage broker Mojo Mortgages has raised £7 million in a Series A funding round joined by NVM Private Equity and Maven Capital Partners.
Vineet Anand's insight:
Mojo rases PS7 million in its Series A funding!
Scoop.it!
Mortgage finance software house Ellie Mae is to be acquired by private equity firm Thoma Bravo for $3.7 billion.
Vineet Anand's insight:
Ellie Mae gets acquired by private equity firm! Macroeconomic conditions reflecting overall housing sales of existing and new homes slowing down. Thoma Bravo must have a long term vision to create greater value.
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
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Mortgage companies bought $120 billion of loans from Ginne Mae until May and another $94 billion is available!