Browse articles from all of our Newsletters related to Technology.
October 5, 2015 - IMFnews
One technology source told IMFnews: I know a few LOS [providers] that are still correcting payment calculations.
October 2, 2015 - IMFnews
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
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. Thats why no one except a perfect borrower can get a loan
October 1, 2015 - IMFnews
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
The Texas Republican blamed the CFPB and DFA for raising prices and cutting off" access to mortgages
September 22, 2015 - IMFnews
Most of Ocwens 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
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
Technology, like MBS, can be complicated. Just read the new FHFA report
September 11, 2015 - Inside MBS & ABS
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 governments 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
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 ...
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