Browse articles from all of our Newsletters related to Technology.
November 18, 2014 - IMFnews
In 2015, the team at the GSE common securitization platform will focus on implementation of the remaining software components...
November 14, 2014 - Inside Mortgage Trends
By 2030, artificial intelligence will have transformed businesses and the work that people do to the extent that certain jobs, such as real estate agents, will become extinct, according to a new report from realty consulting firm CBRE and property developer Genesis. The ideas, trends and behaviors that will shape work and the workplace in 2030 are already noticeable today, said the report. When that time comes, where we work and live will be diverse and intertwined, it said. The report was based on interviews with 220 experts, business leaders and young people in Asia, Europe and North America on how these observed trends will impact business and evolve work practices and the workplace. The report predicts that process work, ...
November 12, 2014 - IMFnews
Will former Long Beach Mortgage executive Jon Daurio finally launch a new nonprime venture?
November 12, 2014 - IMFnews
As IMFnews went to press, the share price of Altisource was getting slammed, down 20 percent on the day.
November 10, 2014 - IMFnews
Fannie and Freddie have been exploring the adaptation of alternative credit scores for months, but have yet to take action.
October 31, 2014 - Inside Mortgage Trends
Chicago-based Guaranteed Rate claims to have significantly advanced towards the worlds first fully digital mortgage with Transfersafe, its latest cloud-based technology service for homebuyers. Transfersafe is the next major step in our evolution of the mortgage process, said Victor Ciardelli, company president and CEO. Weve already brought our online loan application to the market, which has funded more than $3 billion in loans to date. Transfersafe facilitates instant ...
October 24, 2014 - Inside FHA Lending
The FHA warned it would soon be sending notices to lenders who are overdue in completing their annual recertification packages, a rule violation that could land them before the Mortgagee Review Board for disciplinary action. Lenders who were unable to submit their recertification packages containing the required financial reports, annual recertification statements and the renewal fee payment will be receiving notices of deficiency from the FHA. FHA extended the filing deadline to June 27, 30 days after the deployment of the new Lender Electronic Assessment Portal (LEAP) system used in the lender recertification process. Traditionally, lenders were required to access both FHA Connection and Lender Assessment Sub-System (LASS) to complete the annual recertification process. LEAP will now enable lenders to complete all ...
October 24, 2014 - IMFnews
What Were Hearing: More Questions About Wingspan but No Answers / Are Specialty Servicers Toast? / Should Ocwen Move Its India Workers to Upstate New York? / Mortgage Company Owner Wants to Buy Baseball Team
Note to Ocwen management: every US employee is a potential mortgage customer. Think about it.
October 22, 2014 - IMFnews
Short Takes: Who Might Guaranteed Rate Buy? / RPM Eyes Two More Lenders / A Non-QM IPO Already? Really? / Fitch Upgrades Shellpoint on Servicing / New Appraisal Tool From Fannie Mae / More Trouble for Nonbanks and MSRs?
We even heard one report that a non-QM firm is contemplating an initial public offering. It sounds crazy, we know Meanwhile, it appears the states want a say in MSR transfers...
October 17, 2014 - Inside Mortgage Trends
The Consumer Financial Protection Bureau is poised to formally launch its e-closing pilot project shortly, with an eye towards simplifying the mortgage closing process for both borrowers and lenders and eliminating many of the pain points associated with it. We are looking to kick off the pilot later this year and run it for about three months, said Brian Webster, program manager for the bureaus Office of Mortgage Markets, during a meeting of the CFPBs Community Bank Advisory Council ...
October 17, 2014 - Inside The GSEs
After a year of searching for a chief executive to lead Common Securitization Solutions, the Federal Housing Finance Agency is still looking, but it continues to hire staff. The search continues, said a government official close to the matter. We even have a search firm.Although the FHFA is keeping a tight lid on information regarding CSS, its now common knowledge that the search firm in question is the Washington-based Spencer Stuart, which bills itself as one of the worlds leading global executive search and leadership consulting firms.
October 16, 2014 - IMFnews
Short Takes: Short Sellers Target Walter / But Walter Gets a Disclosure Exemption / Will QRM be Aligned with QM? Well Know Next Week / NTC Finds Flaws in Servicing Records / DocMagic Makes an Acquisition
More trouble for Walter Investment Management? Meanwhile, according to NTC, as many as 490,000 homeowners could be affected by faulty servicer database records.
October 10, 2014 - Inside FHA Lending
FHA to Extend Short Refi Program. The FHA has announced its intent to extend its Short Refinance Program for borrowers in negative equity positions. A mortgagee letter will be issued soon to announce the extension. Feedback Period extended for Draft Servicing Section of Proposed Single Family Handbook. The FHA is extending the comment period for the draft servicing section of the Single Family Housing Policy Handbook through Nov. 14, 2014 to allow stakeholders additional time to study and comment on the proposed section. The original deadline date was Oct. 17. CFPB Updates Reverse Mortgage Guide. The Consumer Financial Protection Bureau recently updated its reverse mortgage guide on its website to account for recent changes made by the Department of Housing and Urban Development to its Home Equity Conversion Mortgage program. The updated guide highlights new limits to ...
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