Browse articles from all of our Newsletters related to Technology.
March 27, 2015 - Inside Mortgage Trends
A company called NotaryCam is raising eyebrows and hopes for the future of e-mortgages with the deployment of what it claims is the worlds only notary service that securely and legally notarizes documents online within minutes via live web conference from anywhere in the world. Requiring just a standard webcam, NotaryCam, based in Alexandria, VA, can produce a digital version of notarized documents within minutes. And with browser-to-browser ...
March 26, 2015 - Inside Mortgage Finance
Real estate agents prefer to work with lenders that have a local presence, but call-center operations have improved their reputations among agents, according to new research by Campbell Surveys, based on a national survey sponsored by Inside Mortgage Finance Publications. Survey results show that Quicken Loans call-center model can be an accepted alternative to the local branch/local loan officer model, at least for some homebuyers and real estate agents ...
March 20, 2015 - Inside FHA/VA Lending
Loan Modification Trial Payment Plans for Forward Mortgages. The Department of Housing and Urban Development has announced requirements for trial plan duration, required signatures, and reporting for trial payment-plan agreements, and the conditions under which FHA deems a TPP to have failed.Lenders must implement the requirements in Mortgagee Letter 2015-07 for all TPPs offered to borrowers on or after June 1, 2015. FHA Publishes Additional Sections of HUD Single-Family Policy Handbook. The FHA has published additional sections for the SF Handbook, including the following: Doing Business with FHA Lenders and Mortgagees Doing Business with FHA Other participants in FHA Transactions Appraisers; Quality Control, Oversight and Compliance Lenders and Mortgagees; Quality Control Oversight, and Compliance Other Participants in FHA Transactions Appraisers ...
March 11, 2015 - IMFnews
The CFPB seems to be spending quite a bit of time defending its "rate checker" tool, which is still in beta testing.
March 10, 2015 - IMFnews
Short Takes: No Future for Common Shareholders of Fannie and Freddie? / DocMagic Furthers Electronic Closings / BofA MBS Settlement Gets One Green Light / Stonegate Hires Someone with Cha-Cha Experience
KBW, by the way, has set a $1 per share price target for both Fannie and Freddie.
March 6, 2015 - IMFnews
Treasury counselor Michael Stegman wants the common securitization platform project to be opened to the private sector.
March 6, 2015 - Inside MBS & ABS
Issuers and other participants in future structured-finance deals will face a higher hurdle of data quality expectations from Moodys Investors Service, according to a new credit rating methodology the company put out this week. An important part of the initial rating analysis that Moodys will perform of a structured security is an evaluation of the attributes of the assets that underlie it, the document said. In assessing those characteristics, we typically use...
March 5, 2015 - Inside Mortgage Finance
In less than 10 months, a volume-heavy private-label origination deal that PHH Mortgage has with Wall Street giant Merrill Lynch is set to expire, potentially blowing a hole in its production machine. According to a recent filing with the Securities and Exchange Commission, PHH acknowledges that there can be no assurances that the agreement will be renewed on favorable terms, if at all. If the deal were to be cancelled, PHH could see...
February 27, 2015 - Inside Mortgage Trends
Conversations with executives at leading industry technology vendors suggest that if mortgage lenders are not already testing their systems and processes for compliance with the impending integrated disclosure rule from the Consumer Financial Protection Bureau, they are already behind the curve. Tech vendors have been working with some of their clients for months already, and in some cases for more than a year, testing systems and process as they prepare for TRID, the Truth in Lending Act/Real Estate Settlement Procedures Act integrated disclosure rule. Scott Stucky, chief strategy officer at DocuTech, said...
February 23, 2015 - Inside the CFPB
With many small and mid-tier mortgage companies and banks increasingly worried about straying from compliance with the CFPBs expanding rules and requirements, vendor representatives are working overtime to alleviate their clients anxieties and keep them on task and on budget. Were really seeing a lot of fear in the CFPBs steadily intensifying regulations and requirements, said Mary Beth Doyle, founder and co-owner of Loyalty Express, a mortgage marketing technology vendor in Woburn, MA. As recently as a year or a year-and-a-half ago, companies were saying they would wait to hear about a new rule themselves from the CFPB. And today, people are more panic driven. Theres this sense of paralysis because everyones afraid of stepping out of bounds and not ...
February 13, 2015 - Inside Mortgage Trends
Using probability of default values instead of credit scores to measure risk in a mortgage securitization can provide far more insight and dramatically cut loss exposure, according to a new white paper from VantageScore Solutions, a joint initiative created by the three major credit bureaus, Equifax, Experian and TransUnion. Loan securitization has become an essential source of capital for consumer lenders of all sizes, playing a significant role in ...
- Top Players 4Q14
- Agency Channel Analysis: 2014
- GSE Seller Profile: 4Q14
- GSE Private Mortgage Insurance Profile 4Q14
- Mortgage Profitabiilty 3Q14
With the recent dip in interest rates, how do you feel about loan volumes this year?
- We see loan production ending 2015 flat compared to 2014.
- Were optimistic that our originations will rise by 10 to 20 percent year over year.
- Were really optimistic: We expect production to increase by 20 percent or better from last year.
- Were not so bullish. Originations for us may actually fall.
Most Popular Stories
- Increasingly, Real Estate Agents are Warming Up to Call-Center Lenders
- What Were Hearing: PHH, Worth Double? / BofA, Slow and Really Cautious / No Cut in G-Fees? Heres Why / Protecting Your Officers and Directors / A Market on Fire: VA Lending
- Another Cross to Bear for Jumbo MBS: Investors Like GSE Risk-Share Deals Better
- Going, Going, Gone: HARP Volumes a Shadow of What They Used to Be
- Short Takes: Nationstar Hiring? / Ocwen for Sale? / Is it Safe for Nonbanks to Start Originating Seconds? / A Capital Break for MSRs? / Impac Posts Loss