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How one mortgage servicing company is prioritizing home retention during economic uncertainty

How one mortgage servicing company is prioritizing home retention during economic uncertainty

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Nearly two years ago, Ocwen acquired PHH Corporation, and Glen Messina became the president and CEO of the newly combined companies. Today, Ocwen Financial Corporation is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. HousingWire spoke with Messina on the progress that’s been made in reshaping the mortgage servicer and originator, its evolving business model and its progress in turning around the company.

HousingWire: How does the Ocwen of today compare to the companies that merged two years ago?

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Glen Messina: The Ocwen of today is a different organization, and I believe we are stronger, more efficient and more diversified. We’ve transformed the business to be both a lender and servicer, and our originations business is growing at a very fast clip to keep up with demand.

In servicing, we are one of the largest and most experienced special servicers, managing more than 1.3 million borrowers, thousands of investors and more than 100 subservicing clients. At the end of Q2, we serviced more than $206 billion in UPB.

On the originations side, we’ve built a scalable, multi-channel lending platform that has grown volume by 16X in just the past year. In August, we originated more than $2.5 billion in loans and flow MSRs, which puts us at an annual run-rate of $30 billion.

One thing that hasn’t changed is our commitment to our customers – helping homeowners is one of our guiding principles and our mission is focused on creating positive outcomes for homeowners, communities and investors.

Financially, we are in the final stages of arguably the most significant turnaround in the mortgage industry – our profitability is improving, our originations business is rapidly growing and our strong subservicing and special servicing capabilities position us very well to continue the momentum we have. We’re really proud of the team and what we have achieved so far. 

HW: Historically, Ocwen was a special servicer of non-performing loans, while PHH subserviced performing loans. What’s your strategy now, and how do you intend to grow your servicing business? 

GM: We’re executing our strategy of leveraging our historic strengths managing both performing and delinquent loans to offer the market the best of both worlds at a single servicer. We think of our servicing capabilities in four quadrants: performing owned servicing, performing subservicing, special owned servicing and special subservicing. In these four quadrants we service conforming and government mortgages, small balance commercial loans and private securities. We’ve built a multi-channel origination platform to replenish and grow our servicing portfolio across each of the four quadrants, giving us the flexibility to pivot to market opportunities and optimize capital deployment. For example, in the near term, we are building our portfolio of owned performing servicing and subservicing.

Longer term, we believe we are well positioned to assist borrowers needing loss mitigation as they reach the end of their COVID-19 forbearance plans, and in the process provide valuable services to investors. We expect this will lead to growth opportunities in both special owned servicing and special subservicing.

Our core competency for the past decade has been to help homeowners avoid foreclosure, while setting the bar in terms of operational efficiency and improving outcomes for borrowers and investors. Since the mortgage crisis, we’ve completed more than 1.5 million non-foreclosure workouts for consumers – far more than any other servicer. We really hold ourselves up as the best in the business at managing delinquent or high-risk assets and keeping families in their homes.

These competencies are critical in today’s uncertain economic environment. With the COVID-19 pandemic, there are now more than 3.6 million borrowers in forbearance, a significant number of whom may unfortunately end up going into a default scenario.

Given compliance and reputational concerns, in my opinion you’re going to see banks moving away from in-house default servicing, to the extent that they can. As they do, special and default servicing will shift back to subservicers and the non-bank sector.

There are only a handful of servicers that have maintained core competency in loss mitigation and default. This will obviously be attractive as investors and MSR holders cope with the aftermath of the pandemic.

We believe we have a very compelling story to tell when it comes to overall servicing performance. Moody’s ranks us as a leading servicer in terms of total delinquency cycle time performance, and our servicing cost per loan for performing and non-performing loans compares favorably to MBA benchmarks, as does our call center performance in terms of average hold time and call abandonment rate.

HW: You mentioned that you’re ramping up your originations operation. How is that going, and what kind of volume do you expect to generate?

GM: We’re very excited about the multi-channel originations platform that we’ve built. Over the past 18 months, we’ve built the capability to originate through bulk purchases, direct flow arrangements, the Fannie Mae SMP and Freddie Mac CRX programs, and our correspondent and portfolio recapture platforms. In our Liberty Reverse Mortgage operations, we originate through retail, wholesale and correspondents, and we’re a top 3 HECM originator nationwide.

We have built an Enterprise Sales team that markets all these capabilities plus performing and special subservicing and portfolio retention services. There are few companies today offering the breadth of products our team offers under one roof.

We are seeing strong growth across our forward and reverse lending channels and have increased quarter-to-date volume in August by 16X in the past year. We continue to grow our correspondent seller base, expand our delivery partners for the GSE co-issue program and expand our portfolio recapture capacity and capabilities.

To support our growth, we have increased originations headcount by approximately 40% since the beginning of this year, and we plan to increase headcount by an additional 35% through the balance of 2020. This will roughly double our total originations staffing by year-end 2020 versus year-end 2019. We continue to expand our operating capabilities through hiring, technology development and continued process improvement.

HW: On your most recent earnings call, you referenced the Ocwen/PHH Enterprise Sales strategy. Why is this so important for the company’s transformation, and how is it being received in the market?

GM: Our value proposition is simple: if you’re a lender, we can help whether you want to retain, release or recapture mortgage assets. The market has really taken to the idea of having one counterparty to offer all these services. We’re providing liquidity through whole loan and MSR purchases — both directly and through the GSE co-issue platforms.

We’re subservicing both performing and delinquent loans — all private-labeled and customized to each client. And because we’re a lender and not just a subservicer, we’re helping MSR owners recapture customers and defend against runoff. Finally, we’re servicing commercial assets and helping clients originate reverse mortgages.

We can offer all these services and execution strategies as a single enterprise partner. What we’re finding is when our account executives sit down with a client or a prospect, it’s a much broader, more strategic conversation about how we can help grow their business.

Currently, when considering just our top sales prospects, we’re looking at more than $100 billion of new business opportunities across our various channels — thanks to our enterprise sales team.

HW: Most observers expect defaults to rise due to the economic repercussions of the pandemic. What’s your view?

GM: In terms of the fallout from the COVID-19 pandemic, I think we’re still in the early innings. As we disclosed on our Q2 earnings call, we had about 112,000 borrowers in forbearance as of mid-July. The good news is we’ve not seen a lot of new requests, and roughly 35% of our borrowers who are on forbearance plans were still making their payments.

As far as borrowers approaching their initial forbearance period expiration, roughly 22% were fully reinstating and most of those remaining were extending. Only about 1% have gone into to loss mitigation, which is a great sign.

There are millions of credit-stressed borrowers who are going to need modifications of some kind, and this is going to be a significant challenge for our industry. Unfortunately, we expect up to 25% of our borrowers on forbearance who have Ginnie Mae or non-agency mortgages are likely going to need loss mitigation assistance.

What our team brings to the table is extensive experience in curing defaulted assets and helping homeowners stay in their homes. We have home retention experts working directly with borrowers, educating them on their various options and doing everything possible to avoid foreclosure and keep families in their homes. Many of our resident default experts have been with us for a long time and had to manage through the 2008 financial crisis. This in-house knowledge is helping us help homeowners get through the pandemic.

Our goal is always to try to work with the consumers to produce the best outcomes for their families while balancing the needs of the investor. We take our mission to serve consumers very seriously, and we’ve partnered with a number of community advocacy firms — including the NAACP, HomeFree-USA and others — to conduct virtual borrower outreach events in local communities.

HW: When Ocwen and PHH merged, you were facing a turnaround situation as well as the challenge of combining two publicly traded companies. What steps have you taken to return the company to profitability?

GM: Over the past two years, we have executed an enterprise-wide transformation program focused on the integration of two large mortgage companies, improving profitability and building a balanced business model across servicing and originations, while maintaining a strong focus on compliance and quality. I believe what we have accomplished, in a relatively short timeframe, is nothing short of a remarkable turnaround.

Since Q2 2018, we’ve reduced our annualized pre-tax loss by $228 million and increased our annualized adjusted pre-tax earnings run rate before the amortization of NRZ lump-sum payments by more than $350 million. We’ve been executing on continuous cost improvement actions that have reduced our adjusted operating expenses by more than 40%, resulting in a very competitive cost structure. Assuming no adverse changes to market conditions and legal or regulatory matters, we expect adjusted pretax income will be positive for 2020, and we expect positive GAAP earnings in 2021.

HW: Like most of the industry, Ocwen has been operating remotely for the past six months. How difficult was that transition?

GM: When the pandemic was in its earliest stage, we made the call to move our employees to remote work right away. Our human resources, operations and technology teams — and many others who worked around the clock for days — did a spectacular job making this happen. In a very short period of time, we were able to procure the necessary technology and transition our entire global workforce — more than 5,000 associates — to a remote work environment, with the exception of certain jobs that needed to be performed in the office, with minimal disruption to our employees and customers.

We conducted a company-wide survey a couple of months after the transition to see how employees were doing, and 82% of our employees said they were as or more productive working remotely. They like the flexibility of working from home and feel they can better balance their work and personal lives.

Everyone is going through a lot right now with the pandemic, especially those who are trying to balance virtual or hybrid learning for their children with work. It’s hard, and we are trying to do everything we can to help them through this time.

Overall, our employees are operating at a very high level and I couldn’t be prouder of the team. So, I think the transition was executed very well and our employees adapted quite well.

We are looking at business resumption plans and different scenarios, keeping the health and safety of our employees as our top priority. At the end of the day, our current work-from-home model is unlikely to change any time soon. Longer term, we expect remote working will be a permanent part of our business model, and our office environment is likely to look and be utilized very differently from what it was in the past.

The post How one mortgage servicing company is prioritizing home retention during economic uncertainty appeared first on HousingWire.

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Supreme Court To Hear Arguments In Biden Admin’s Censorship Of Social Media Posts

Supreme Court To Hear Arguments In Biden Admin’s Censorship Of Social Media Posts

Authored by Tom Ozimek via The Epoch Times (emphasis ours),

The…

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Supreme Court To Hear Arguments In Biden Admin’s Censorship Of Social Media Posts

Authored by Tom Ozimek via The Epoch Times (emphasis ours),

The U.S. Supreme Court will soon hear oral arguments in a case that concerns what two lower courts found to be a “coordinated campaign” by top Biden administration officials to suppress disfavored views on key public issues such as COVID-19 vaccine side effects and pandemic lockdowns.

President Joe Biden delivers the State of the Union address in the House Chamber of the U.S. Capitol in Washington on March 7, 2024. (Mandel Ngan/AFP/Getty Images)

The Supreme Court has scheduled a hearing on March 18 in Murthy v. Missouri, which started when the attorneys general of two states, Missouri and Louisiana, filed suit alleging that social media companies such as Facebook were blocking access to their platforms or suppressing posts on controversial subjects.

The initial lawsuit, later modified by an appeals court, accused Biden administration officials of engaging in what amounts to government-led censorship-by-proxy by pressuring social media companies to take down posts or suspend accounts.

Some of the topics that were targeted for downgrade and other censorious actions were voter fraud in the 2020 presidential election, the COVID-19 lab leak theory, vaccine side effects, the social harm of pandemic lockdowns, and the Hunter Biden laptop story.

The plaintiffs argued that high-level federal government officials were the ones pulling the strings of social media censorship by coercing, threatening, and pressuring social media companies to suppress Americans’ free speech.

‘Unrelenting Pressure’

In a landmark ruling, Judge Terry Doughty of the U.S. District Court for the Western District of Louisiana granted a temporary injunction blocking various Biden administration officials and government agencies such as the Department of Justice and FBI from collaborating with big tech firms to censor posts on social media.

Later, the Court of Appeals for the Fifth Circuit agreed with the district court’s ruling, saying it was “correct in its assessment—‘unrelenting pressure’ from certain government officials likely ‘had the intended result of suppressing millions of protected free speech postings by American citizens.’”

The judges wrote, “We see no error or abuse of discretion in that finding.”

The ruling was appealed to the Supreme Court, and on Oct. 20, 2023, the high court agreed to hear the case while also issuing a stay that indefinitely blocked the lower court order restricting the Biden administration’s efforts to censor disfavored social media posts.

Supreme Court Justices Samuel Alito, Neil Gorsuch, and Clarence Thomas would have denied the Biden administration’s application for a stay.

“At this time in the history of our country, what the Court has done, I fear, will be seen by some as giving the Government a green light to use heavy-handed tactics to skew the presentation of views on the medium that increasingly dominates the dissemination of news,” Justice Alito wrote in a dissenting opinion.

“That is most unfortunate.”

Supreme Court Justice Samuel Alito poses in Washington on April 23, 2021. (Erin Schaff/Reuters)

The Supreme Court has other social media cases on its docket, including a challenge to Republican-passed laws in Florida and Texas that prohibit large social media companies from removing posts because of the views they express.

Oral arguments were heard on Feb. 26 in the Florida and Texas cases, with debate focusing on the validity of laws that deem social media companies “common carriers,” a status that could allow states to impose utility-style regulations on them and forbid them from discriminating against users based on their political viewpoints.

The tech companies have argued that the laws violate their First Amendment rights.

The Supreme Court is expected to issue a decision in the Florida and Texas cases by June 2024.

‘Far Beyond’ Constitutional

Some of the controversy in Murthy v. Missouri centers on whether the district court’s injunction blocking Biden administration officials and federal agencies from colluding with social media companies to censor posts was overly broad.

In particular, arguments have been raised that the injunction would prevent innocent or borderline government “jawboning,” such as talking to newspapers about the dangers of sharing information that might aid terrorists.

But that argument doesn’t fly, according to Philip Hamburger, CEO of the New Civil Liberties Alliance, which represents most of the individual plaintiffs in Murthy v. Missouri.

In a series of recent statements on the subject, Mr. Hamburger explained why he believes that the Biden administration’s censorship was “far beyond anything that could be constitutional” and that concern about “innocent or borderline” cases is unfounded.

For one, he said that the censorship that is highlighted in Murthy v. Missouri relates to the suppression of speech that was not criminal or unlawful in any way.

Mr. Hamburger also argued that “the government went after lawful speech not in an isolated instance, but repeatedly and systematically as a matter of policy,” which led to the suppression of entire narratives rather than specific instances of expression.

“The government set itself up as the nation’s arbiter of truth—as if it were competent to judge what is misinformation and what is true information,” he wrote.

In retrospect, it turns out to have suppressed much that was true and promoted much that was false.

The suppression of reports on the Hunter Biden laptop just before the 2020 presidential election on the premise that it was Russian disinformation, for instance, was later shown to be unfounded.

Some polls show that if voters had been aware of the report, they would have voted differently.

Tyler Durden Mon, 03/18/2024 - 09:45

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AI vs. elections: 4 essential reads about the threat of high-tech deception in politics

Using disinformation to sway elections is nothing new. Powerful new AI tools, however, threaten to give the deceptions unprecedented reach.

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Like it or not, AI is already playing a role in the 2024 presidential election. kirstypargeter/iStock via Getty Images

It’s official. Joe Biden and Donald Trump have secured the necessary delegates to be their parties’ nominees for president in the 2024 election. Barring unforeseen events, the two will be formally nominated at the party conventions this summer and face off at the ballot box on Nov. 5.

It’s a safe bet that, as in recent elections, this one will play out largely online and feature a potent blend of news and disinformation delivered over social media. New this year are powerful generative artificial intelligence tools such as ChatGPT and Sora that make it easier to “flood the zone” with propaganda and disinformation and produce convincing deepfakes: words coming from the mouths of politicians that they did not actually say and events replaying before our eyes that did not actually happen.

The result is an increased likelihood of voters being deceived and, perhaps as worrisome, a growing sense that you can’t trust anything you see online. Trump is already taking advantage of the so-called liar’s dividend, the opportunity to discount your actual words and deeds as deepfakes. Trump implied on his Truth Social platform on March 12, 2024, that real videos of him shown by Democratic House members were produced or altered using artificial intelligence.

The Conversation has been covering the latest developments in artificial intelligence that have the potential to undermine democracy. The following is a roundup of some of those articles from our archive.

1. Fake events

The ability to use AI to make convincing fakes is particularly troublesome for producing false evidence of events that never happened. Rochester Institute of Technology computer security researcher Christopher Schwartz has dubbed these situation deepfakes.

“The basic idea and technology of a situation deepfake are the same as with any other deepfake, but with a bolder ambition: to manipulate a real event or invent one from thin air,” he wrote.

Situation deepfakes could be used to boost or undermine a candidate or suppress voter turnout. If you encounter reports on social media of events that are surprising or extraordinary, try to learn more about them from reliable sources, such as fact-checked news reports, peer-reviewed academic articles or interviews with credentialed experts, Schwartz said. Also, recognize that deepfakes can take advantage of what you are inclined to believe.


Read more: Events that never happened could influence the 2024 presidential election – a cybersecurity researcher explains situation deepfakes


How AI puts disinformation on steroids.

2. Russia, China and Iran take aim

From the question of what AI-generated disinformation can do follows the question of who has been wielding it. Today’s AI tools put the capacity to produce disinformation in reach for most people, but of particular concern are nations that are adversaries of the United States and other democracies. In particular, Russia, China and Iran have extensive experience with disinformation campaigns and technology.

“There’s a lot more to running a disinformation campaign than generating content,” wrote security expert and Harvard Kennedy School lecturer Bruce Schneier. “The hard part is distribution. A propagandist needs a series of fake accounts on which to post, and others to boost it into the mainstream where it can go viral.”

Russia and China have a history of testing disinformation campaigns on smaller countries, according to Schneier. “Countering new disinformation campaigns requires being able to recognize them, and recognizing them requires looking for and cataloging them now,” he wrote.


Read more: AI disinformation is a threat to elections − learning to spot Russian, Chinese and Iranian meddling in other countries can help the US prepare for 2024


3. Healthy skepticism

But it doesn’t require the resources of shadowy intelligence services in powerful nations to make headlines, as the New Hampshire fake Biden robocall produced and disseminated by two individuals and aimed at dissuading some voters illustrates. That episode prompted the Federal Communications Commission to ban robocalls that use voices generated by artificial intelligence.

AI-powered disinformation campaigns are difficult to counter because they can be delivered over different channels, including robocalls, social media, email, text message and websites, which complicates the digital forensics of tracking down the sources of the disinformation, wrote Joan Donovan, a media and disinformation scholar at Boston University.

“In many ways, AI-enhanced disinformation such as the New Hampshire robocall poses the same problems as every other form of disinformation,” Donovan wrote. “People who use AI to disrupt elections are likely to do what they can to hide their tracks, which is why it’s necessary for the public to remain skeptical about claims that do not come from verified sources, such as local TV news or social media accounts of reputable news organizations.”


Read more: FCC bans robocalls using deepfake voice clones − but AI-generated disinformation still looms over elections


How to spot AI-generated images.

4. A new kind of political machine

AI-powered disinformation campaigns are also difficult to counter because they can include bots – automated social media accounts that pose as real people – and can include online interactions tailored to individuals, potentially over the course of an election and potentially with millions of people.

Harvard political scientist Archon Fung and legal scholar Lawrence Lessig described these capabilities and laid out a hypothetical scenario of national political campaigns wielding these powerful tools.

Attempts to block these machines could run afoul of the free speech protections of the First Amendment, according to Fung and Lessig. “One constitutionally safer, if smaller, step, already adopted in part by European internet regulators and in California, is to prohibit bots from passing themselves off as people,” they wrote. “For example, regulation might require that campaign messages come with disclaimers when the content they contain is generated by machines rather than humans.”


Read more: How AI could take over elections – and undermine democracy


This story is a roundup of articles from The Conversation’s archives.


This article is part of Disinformation 2024: a series examining the science, technology and politics of deception in elections.

You may also be interested in:

Disinformation is rampant on social media – a social psychologist explains the tactics used against you

Misinformation, disinformation and hoaxes: What’s the difference?

Disinformation campaigns are murky blends of truth, lies and sincere beliefs – lessons from the pandemic


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Artificial mucus identifies link to tumor formation

NEW ORLEANS, March 18, 2024 – During cold and flu season, excess mucus is a common, unpleasant symptom of illness, but the slippery substance is essential…

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NEW ORLEANS, March 18, 2024 – During cold and flu season, excess mucus is a common, unpleasant symptom of illness, but the slippery substance is essential to human health. To better understand its many roles, researchers synthesized the major component of mucus, the sugar-coated proteins called mucins, and discovered that changing the mucins of healthy cells to resemble those of cancer cells made healthy cells act more cancer-like.

Credit: American Chemical Society

NEW ORLEANS, March 18, 2024 – During cold and flu season, excess mucus is a common, unpleasant symptom of illness, but the slippery substance is essential to human health. To better understand its many roles, researchers synthesized the major component of mucus, the sugar-coated proteins called mucins, and discovered that changing the mucins of healthy cells to resemble those of cancer cells made healthy cells act more cancer-like.

The researcher will present her results today at the spring meeting of the American Chemical Society (ACS). ACS Spring 2024 is a hybrid meeting being held virtually and in person March 17-21; it features nearly 12,000 presentations on a range of science topics.

“For hundreds of years, mucus was considered a waste material or just a simple barrier,” says Jessica Kramer, a professor of biomedical engineering who led the study. And indeed, it does serve as a barrier, regulating the transport of small molecules and particulates to underlying epithelial cells that line the respiratory and digestive tracts. But it also does much more. Studies show that mucus and mucins are biologically active, playing roles in immunity, cell behavior and defense against pathogens and cancer. Kramer’s team at the University of Utah, for example, recently found that specific sugars attached to mucins inhibited coronavirus infection in cell culture.

“Part of the challenge of studying mucus and mucins in general is that they have quite a variety of protein structures,” Kramer explains. Although humans share more than 20 mucin genes, those genes are expressed differently in different tissues and are spliced to generate a range of proteins. In addition, cells modify those proteins in myriad ways with different sugars to meet the body’s needs.

Complicating the picture, genetic factors alone don’t determine mucin composition. Dietary and environmental factors can also influence which sugars become attached to these proteins. Thus, mucus composition can vary significantly from person to person, from day to day, and from tissue to tissue, all of which makes it difficult to identify the biological effects of any given mucin.

To study mucin properties, researchers can collect mucus from animals in slaughterhouses, Kramer says. “But ultimately, it’s quite labor intensive and difficult to purify. And in the process of doing the harvesting, usually the sticky, slimy properties are disrupted.”

As an alternative, mucins can be purchased off-the-shelf, Kramer explains. But because batch-to-batch variability can lead to problems with experimental reproducibility, methods are needed to reliably produce synthetic mucins at scale and at a reasonable price.

In the absence of a simple genetic method to produce individual mucins, Kramer’s lab combined synthetic chemistry and bacterial enzymes to generate the core polypeptides and then selectively add sugars to create unique synthetic mucins. This allows the researchers to test the physical, chemical and biological properties of individual types of mucin molecules and identify the impact of changing individual sugars or protein sequences.

Kramer, along with the lab of collaborator Jody Rosenblatt at King’s College London, is applying her team’s mucins to questions of cancer biology. In particular, the scientists are exploring the influence of mucins on the earliest stages of tumor formation. Previous studies in other labs have shown that mucins embedded in the surface of cancer cells promote metastasis, the spread of cancer to other tissues in the body. These mucins can also help the cancer cells evade immune system defenses by blocking immune cell activation.

“We are building synthetic mucins to understand how the chemical aspects of these proteins affect the behavior of cancer cells,” Kramer explains. “It hasn’t been possible to study these things before because we can’t control the molecular properties of mucins using traditional genetic and biochemical methods.”

Normally, as non-cancerous epithelial cells grow, they crowd together, with some getting eliminated from the epithelial layer to maintain a consistent and stable tissue structure. When Kramer’s team engineered the cells to have a bulky mucin-rich surface similar to that of cancer cells, the cells stopped extruding normally and piled up, forming what looked like the start of tumors.

Kramer is quick to note, however, that her team has not determined whether the genetics of the cells have changed, so they cannot yet state definitively whether the healthy cells were transformed into cancer cells. Those studies are ongoing.

The insights will be pivotal for the development of possible cancer treatments targeting mucins, as they will help highlight which parts of the mucin molecules are most important to tumor formation.

Scientists have been trying to make mucin-targeting therapeutics for decades, but that hasn’t worked well, in part because the sugar groups on the molecules weren’t fully taken into account, Kramer says. “For a vaccine, we can’t only consider the protein sequence because that’s not what the molecule looks like to the immune system. Instead, when an immune cell bumps into the surface of a cancer cell it’s going to see the sugars first, not the protein backbone.” So she believes an effective vaccine will need to target those mucin sugars.

Beyond cancer, the ability to reliably modify the protein sequence and sugars and produce scalable quantities of synthetic mucins offers opportunities to develop these molecules as anti-infectives, probiotics and therapies to support reproductive and women’s health, Kramer says.

The research was funded by the National Institute of General Medical Science, National Science Foundation and Marion Milligan Mason Fund.

Visit the ACS Spring 2024 program to learn more about this presentation, “Synthetic mucins: From new chemical routes to engineered cells,” and more scientific presentations. 

###

The American Chemical Society (ACS) is a nonprofit organization chartered by the U.S. Congress. ACS’ mission is to advance the broader chemistry enterprise and its practitioners for the benefit of Earth and all its people. The Society is a global leader in promoting excellence in science education and providing access to chemistry-related information and research through its multiple research solutions, peer-reviewed journals, scientific conferences, eBooks and weekly news periodical Chemical & Engineering News. ACS journals are among the most cited, most trusted and most read within the scientific literature; however, ACS itself does not conduct chemical research. As a leader in scientific information solutions, its CAS division partners with global innovators to accelerate breakthroughs by curating, connecting and analyzing the world’s scientific knowledge. ACS’ main offices are in Washington, D.C., and Columbus, Ohio.

To automatically receive news releases from the American Chemical Society, contact newsroom@acs.org.

Note to journalists: Please report that this research was presented at a meeting of the American Chemical Society. ACS does not conduct research, but publishes and publicizes peer-reviewed scientific studies.

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Title
Synthetic mucins: From new chemical routes to engineered cells

Abstract
Mucin glycoproteins are the major component of mucus and the epithelial glycocalyx. Mucins are essential for life, serving roles as a physical barrier, a lubricant, and a biochemical moderator of infection, immunity, and cancer. There are more than 20 known mucin genes with variable expression patterns, splicing, and post-translational glycosylation patterns. Such diversity has challenged study of structure-function relationships. We are developing scalable methods, based on polymerization of amino acid N-carboxyanhydrides, to synthesize glycan-bearing polypeptides that capture the chemical and physical properties of native mucins. We are utilizing these synthetic mucins to form fully synthetic mucus hydrogels and to engineer the glycocalyx of live cells to shed light on the role of glycans in health and disease. This talk will focus on advances in chemical synthesis along with application of synthetic mucins in study of tumorigenesis.


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