Browse articles from all of our Newsletters related to Technology.

October 5, 2015 - IMFnews

It’s Monday Morning, TRID is Here and LOS Providers are Still Correcting Software Snafus

One technology source told IMFnews: “I know a few LOS [providers] that are still correcting payment calculations.”

October 2, 2015 - IMFnews

Some TRID Relief You Can Finally Count On? Regulators Will Recognize ‘Good Faith’ Efforts

Sources told IMFnews that one large loan origination system (LOS) vendor was struggling to make programming deadlines ahead of the TRID rule, a situation that had caught the attention of the CFPB.

October 1, 2015 - Inside Mortgage Finance

Specialty Servicers Face the Music Thanks to Improving Loan Quality; Is IBM Considering Its Options on Seterus?

With loan quality and real estate values continuing their rapid improvement over the past two years, the market value of “high-touch” servicers continues to head south and a handful of such firms are pondering sales. According to advisors that ply their trade in the mergers and acquisitions circuit, at the top of the “for sale” list is the IBM-owned Seterus, which at one point had at least $40 billion in problem Fannie Mae-related loans on its system. But will IBM – which also has its hands in the origination technology arena – finally pull...

October 1, 2015 - IMFnews

Short Takes: loanDepot IPO Documents Imminent? / Two Loan Closings Instead of One Because of TRID? / White House Stands by Cordray / ‘Foaming at the Mouth’ Comment Causes Some Mortgage Bankers to Foam at the Mouth / IMA MSR Auction Set / DocMagic Signs Top-Ranked Lender

One source, angered by Cordray's comments, said, "No, Mr. Director. Those concerns have eliminated non-QM loans, which come with protection against frivolous lawsuits. That’s why no one except a perfect borrower can get a loan…”

October 1, 2015 - IMFnews

TRID ‘Safe Harbor’ Bill to Hit the House Floor Next Week

One industry observer who anticipates a big-margin vote indicated he expects the bill will split rank-and-file Democrats from their leadership caucus.

September 29, 2015 - IMFnews

Short Takes: CFPB Chief Reveals Coming ‘Guidance’ on TRID / Why Jeb Doesn’t Love the CFPB / MSAs a Big Deal, Says Cordray / LOS Vendor Having TRID Problems? / JPM Still a Ginnie Player

The Texas Republican blamed the CFPB and DFA for raising prices and “cutting off" access to mortgages…

September 22, 2015 - IMFnews

Short Takes: Hedge Fund Reduces (Slightly) its Stake in Ellington / Ocwen Reps Will Speak Japanese / U.S. Bank Likes HELs / DocMagic Signs Up Mid America / CMLA Names New Chair

Most of Ocwen’s back-office workers are overseas in India and the Philippines where call center workers make much less than their U.S. counterparts.

September 18, 2015 - IMFnews

CSS Chief Applegate: Work on Single GSE Security is 90 Percent Complete

Despite the 90 percent estimate offered by Applegate, the government-sponsored enterprises’ use of the CSP – let alone the GSE single security – looks to be a ways off.

September 16, 2015 - IMFnews

Short Takes: The CSP is Costing How Much? / As for the Implementation Date… / Ocwen Loses Money on MSR Sale / Walter’s ‘Insurance’ Transaction? / A New Hire for MIAC

Technology, like MBS, can be complicated. Just read the new FHFA report…

September 11, 2015 - Inside MBS & ABS

Panel Issues Student Loan Servicer Best Practices With Emphasis on Keeping Borrowers Current

Servicing federal student loans would likely become more costly and cumbersome under a set of best practices recently issued by a White House-sponsored interagency panel. Back in March, the Obama administration assembled a group of officials from the Treasury Department, the Department of Education, the Office of Management and Budget, and the Domestic Policy Council to monitor trends in the government’s student loan portfolio, budget costs and borrower assistance efforts. As part of that effort, the task force was directed...

August 28, 2015 - Inside Mortgage Trends

Report: Mortgage Finance Ripe for Disruption

The Collingwood Group says disruption may come to the mortgage finance industry because the current business model is too challenging, inefficient, costly and unresponsive to customer and business needs. “With no fundamental changes to origination processes in decades, lost efficiency, growing regulatory hurdles, high costs and low profits, there is little doubt the mortgage industry is ripe for disruption,” the firm said in a recent paper. Marketplace lenders and crowdfunders ...


Which mortgage issue, in particular, keeps your management team up at night? (Check one only.)

TRID (Integrated Disclosures)
Uncertainty regarding "marketing service agreements"
Getting sued by HUD/DOJ for alleged underwriting violations
Declining loan volumes

vote to see results
Housing Pulse