Rocket Mortgage and Annaly Capital Management, Inc. have announced a new subservicing agreement. Under this partnership, Rocket Mortgage will manage servicing and recapture activities for a portion of the mortgage servicing rights held by Annaly.
The featured business partner for October is ACI Worldwide. Known for its leadership in billing and payments, ACI Worldwide offers ACI Speedpay, which aims to drive efficiency and increase collections.
The American Fintech Council (AFC) has announced its support for the Promoting and Advancing Communities of Color Through Inclusive Lending Act, a bill sponsored by Representative Maxine Waters (D-Calif.). The legislation aims to enhance lending services for low- and moderate-income consumers and communities of color by improving technological capabilities in community development financial institutions (CDFIs) and minority depository institutions (MDIs).