Technology
Browse articles from all of our Newsletters related to Technology.
May 23, 2013 - IMFnews
The mortgage M&A market is heating up and not just in the lending space. Moreover, a large insurance company is contemplating an entry into the business.
May 17, 2013 - Inside FHA Lending
FHA Jumbo Production Picks Up in First Quarter
FHA jumbo loan originations increased in the first quarter of 2013 as well as from the same period last year pending hikes in the mortgage insurance premium and the required downpayment on loans above $625,500, according to Inside FHA Lending’s analysis of FHA data. FHA jumbo lenders produced an estimated $5.44 billion in loans over $417,000 during the first three months of the year, up 6.6 percent from the fourth quarter of 2012 and 14.0 percent higher compared to the volume from a year ago. Consumers continued to use the FHA jumbo product despite FHA’s decision to raise the annual mortgage insurance premiums on ... [2 charts]
May 10, 2013 - Inside Mortgage Trends
Real Estate Agents Seek Useful Mobile Apps
Sixty-five percent of real estate agents would be more willing to recommend a lender if they were provided a mobile “app” to track the status of scheduled mortgage closings, according to a new survey by Campbell Surveys and Inside Mortgage Finance Publications. “Most lenders today are not keeping us advised of the status of the loan and, more frustrating, they are requiring additional documents piecemeal,” according to one real estate agent that responded to the survey. “Instead of a ...
May 10, 2013 - Inside The GSEs
IBM Working on ‘Data Center’ for GSEs, More?
Fannie Mae is working on what it calls an “out-of-region” data center with IBM, which will make the GSE’s business “more resilient,” a spokesman for the secondary market giant told Inside The GSEs. The official noted that eventually IBM will “assume some data center activities” but provided little in the way of details on the matter. The comments about the data center came after weeks of rumors that IBM had landed a huge outsourcing contract with Fannie. The GSE acknowledged the data center work.
May 9, 2013 - IMFnews
Will Fannie Mae and Freddie Mac be "even" with the U.S. Treasury by yearend? Also: PennyMac Financial Services goes public.
May 6, 2013 - IMFnews
MBA Pushes for Single GSE MBS With New G-Fee Structure
The game is on: MBA wants a single GSE security and will lobby aggressively on the issue.
May 3, 2013 - IMFnews
Fannie Mae and IBM are working together on at least one big technology project: a new data center. But is the relationship about to go even further? Meanwhile, MBS issuance stayed hot in April.
May 3, 2013 - Inside MBS & ABS
GSE Regulator Says Common MBS Platform on Track, Agency Invites Public Input to Refine Construction
So far a “broad cross-section” of industry participants and other stakeholders support the steps the Federal Housing Finance Agency has taken to establish a new securitization platform for residential MBS, the agency said in a progress report issued this week. “In light of the importance of this initiative to the housing finance system, and reinforced by the comments received from the public, FHFA has directed the enterprises to move forward on the development of the [common securitization platform],” the agency noted. In early March, FHFA Acting Director Edward DeMarco said...
May 3, 2013 - IMFnews
Loan Origination Systems a Hot Commodity
With mortgage bankers earning a ton of money the past two years, more firms are considering buying a new loan origination system.
May 1, 2013 - IMFnews
FHFA issues progress report on the "common securitization platform" but no CEO is in place yet. Meanwhile, Ally is out of MSRs totally.
April 29, 2013 - IMFnews
Freddie to Retire Software for Handling Delinquent Mortgages
Freddie Mac is phasing out a software package that helps with the servicing of delinquent loans, a move that could help private sector technology vendors.
April 26, 2013 - Inside Mortgage Trends
Fannie eMortgage Delivery Easier for Small Lenders
Fannie Mae is making it easier for small and medium-sized lenders to deliver electronic mortgages to the government-sponsored enterprise. “Currently, lenders are required to obtain a variance to their master agreement in order to deliver electronic mortgage loans (eMortgages) to Fannie Mae,” the GSE said in a recent selling guide announcement. “Fannie Mae would like to expand...
April 26, 2013 - Inside Mortgage Trends
Mortgage Lenders Still Eyeballing New LOS
Almost one in five mortgage lenders in the country is still actively considering switching to a new loan origination platform, driven largely by the need to keep up with increasing regulation and, to a lesser extent, the desire for new features to gain or keep a competitive edge in the marketplace. According to the seventh annual compliance survey by QuestSoft, a provider of mortgage compliance software based in Laguna Hills, CA, 18.6 percent of lenders are reevaluating their current LOS platform, up from 0.1 percent in last year’s survey. Historically, the percentage of lenders considering an LOS change hovered...
April 26, 2013 - Inside The GSEs
Freddie to Retire EarlyIndicator Servicing Software in March 2014
Freddie Mac is getting the word out early that it is phasing out its software for managing delinquent home loans with plans to discontinue the service altogether next year. The company has already stopped registering new customers for EarlyIndicator, Freddie’s Windows-based program used to predict loan delinquency. "To provide users with time to transition, we are letting them know we are retiring EarlyIndicator one year in advance,” Freddie said in its announcement earlier this month.
April 26, 2013 - Inside The GSEs
Fannie Moving Closer to a Technology Deal with IBM?
Fannie Mae is moving closer to hiring IBM as a technology vendor to handle certain data processing chores for the GSE, according to two former Fannie officials. However, as Inside The GSEs went to press, details about what exactly IBM might do for the secondary market giant was unclear. “It’s a huge contract, involving many employees and facilities,” said one source. “It’s broad-based.” But it’s also unclear whether the contract has anything to do with the single MBS platform, a project being overseen by Fannie’s regulator, the Federal Housing Finance Agency.
April 16, 2013 - IMFnews
Ex-CFPB CIO Launches Compliance Venture for Third-Party Mortgage Investors
Tim Duncan, a past chief information officer for the CFPB, aims to protect third-party lenders from regulatory snafus with his new venture.
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