Browse articles from all of our Newsletters related to Technology.

January 28, 2015 - IMFnews

FHFA Chief Defends Agency’s Work on the Common Securitization Platform

“The industry seems to be cut out of some of the development of the securitization platform,” said Rep. Scott Garrett, R-NJ...

January 26, 2015 - IMFnews

Short Takes: Titan Says: Give Us Your Rejects / Ocwen Rising / UWM Rolls Out LOS Platform / DocMagic Keeps Software Developers Happy / Leon Loves Altisource?

Thanks to its settlement with California regulators, Ocwen's share price is on the rise. But for how long?

January 23, 2015 - Inside Nonconforming Markets

Altisource Sees Promise in Non-Agency Market

Officials at Altisource Portfolio Solutions plan to provide services in the non-agency market as part of an effort to increase revenue and rely less on its former parent, Ocwen Financial. In a call with investors last week, CEO Bill Shepro said Altisource is developing products for members of the Lenders One mortgage cooperative. “The Lenders One members represent approximately 17 percent of the largely agency lending market, and with the banks withdrawing from ...

January 23, 2015 - IMFnews

Thanks to Technology, Loan Officers Rarely See the Borrower

One LO who works for a top-10 lender (a bank) said she actually sees her customers half the time...

January 22, 2015 - Inside Mortgage Finance

At Least 90 Percent of the Time the Loan Officer Never Meets the Client Face-to-Face; Does it Matter?

Roughly 90 percent of the time, residential loan officers never see the end mortgage customer, according to several weeks’ worth of interviews conducted by Inside Mortgage Finance. However, few in the industry think it’s a problem. “We have the technology not to see our applicants,” said Jim Picard, vice president of home loans for Denali Alaskan Federal Credit Union. The technology that Picard and others refer to is...

January 20, 2015 - IMFnews

Short Takes: No Minimum FICOs for this FHA Lender / More Mortgage Gifts from President Obama? / Warehouse Mentioned in Earnings from Republic / DocMagic Expecting a Busy Year / Altisource Adds Vella

Assisting DocMagic with its work on RESPA-TILA disclosures is Richard Horn, a former senior advisor at the Consumer Financial Protection Bureau...

January 20, 2015 - IMFnews

Fannie Mae’s New Appraisal Product Causing Anxiety

Fannie's "Collateral Underwriter" will provide up to 20 comparables and appraisers will have to defend the comps they use...

January 16, 2015 - Inside Mortgage Trends

Lenders Take More Control Over Closing Process

This year could be a watershed moment for mortgage lending as industry representatives feel their way around a brand new approach to closing disclosures, thanks to the pending implementation of the integrated disclosure rule from the Consumer Financial Protection Bureau. As a result, it’s likely that more lenders will assume greater control over the closing process as well as the end product. The new closing form is “unlike anything the industry has seen before ...

January 15, 2015 - IMFnews

Mortgage Industry Fumes Over CFPB’s New ‘Rate Tool’

Marc Savitt, president of the National Association of Independent Housing Professionals, pointed to a flaw in the beta version of Rate Checker: it doesn't show the annual percentage rate.

January 6, 2015 - IMFnews

Short Takes: Ocwen Clocked Again / New Mortgage Blood? / What’s Next for Sig Anderman? / WaMu Lives, Well Sort Of / Sees Possible Shift in CRE

“There’s a lot of 60- and 70-year old mortgage managers out there.”

December 30, 2014 - Inside The GSEs

GSEs Still Backing CFPB Push for eClosing, eMortgage Adoption

Fannie Mae and Freddie Mac are continuing their efforts in support of the Consumer Financial Protection Bureau’s eClosing initiative as well as the broader industrywide push for eventual eMortgage adoption, despite the challenges that have confronted the latter over the past decade. Ann Epstein, product development director at Freddie, told Inside The GSEs she does not think the limited adoption of eMortgages to date is a technology issue. “The technology ...

December 24, 2014 - IMFnews

Short Takes: SEC Critical of Rating Agency / Mortgage Vendor Black Knight Unveils IPO / Warehouse Rates Too Good to Be True? / Stonegate Expands Non-Agency Menu / IMFnews (Short) Publishing Break

We continue to hear reports about a new player in the warehouse lending space that is offering attractive borrowing rates that appear too good to be true.


The FHA is cutting its annual premium by 50 basis points. How much of a difference will this cut make in your FHA business?

Not much at all—maybe 10 percent at best.
Modestly. We expect a 10 percent to 25 percent gain in applications.
This is a real game changer, 25 percent or better.
Hard to say. This cut may just steal business away from the new Fannie/Freddie 97 LTV effort.

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