Technology

Browse articles from all of our Newsletters related to Technology.

June 30, 2015 - IMFnews

Short Takes: So, Where’s the Rate Plunge? / MBS Prices? / CitiMortgage Fails a Servicing Metric / Pending Home Sales Bright / A New Hire for DocMagic

With Greece ready to crack up, it was thought that mortgage rates might plunge. But it hasn't happened yet...


June 29, 2015 - IMFnews

Short Takes: A Killer Quarter for Fannie and Freddie? / A Shrinking Market: Bad Loans / Turn, Turn, Turn Times / Stonegate’s Third-Party Loan Portal / New Hires for Mortgage Network, Ellie Mae

Why do loan turn times – application to closing – vary so much?


June 24, 2015 - IMFnews

With GSEs Making AU Systems Free, Mortgage Cooperatives May Face the Heat

“With the Fannie [Mae] discount gone, I’m not sure it’s worth staying a member,” said this executive, regarding the Lenders One cooperative...


June 23, 2015 - IMFnews

Surprise (Sort of): Fannie Mae Makes DU Free, Plans to Introduce New Loan Delivery System

Early this month, when Freddie Mac made it automated systems free, Fannie said it would not follow in Freddie’s footsteps...


June 19, 2015 - Inside MBS & ABS

Ginnie Mae Embarks on Multi-Year Effort to Improve, Modernize Management of Loan Docs

Ginnie Mae this week announced plans to reform its document-custody policies as part of a long-term effort to modernize the way it manages documents in order to minimize agency risks. Michael Drayne, Ginnie’s senior vice president of issuer and portfolio management, said the updates and improvements will apply to loan documents that serve as collateral for securitized pools of mortgages. Ginnie will follow...


June 10, 2015 - IMFnews

Nationstar Launches Revamped Online Home Buying Platform, Seen as a Way to Help Increase Originations

In recent years there has been speculation that Nationstar would spinoff Solutionstar, but officials at Nationstar now see Xome as a way to differentiate the nonbank from other lenders.


June 5, 2015 - Inside MBS & ABS

FINRA Starts Disclosing Post-Trade Pricing Details For ABS, Transparency Expected to Slow Trading

The Financial Industry Regulatory Authority started publishing pricing data for a broad range of ABS this week in an effort to increase transparency. Industry participants suggest that the new disclosures will prompt a decrease in trading and have some impact on pricing. The ABS pricing details are available through the Trade Reporting and Compliance Engine and include deals issued as 144A private placements. “The dissemination of transaction information in ABS is...


June 2, 2015 - IMFnews

Blackstone’s ‘New’ Mortgage Company Can’t Take Apps Over the Web Until…the NYDFS Says So

In partnership with former Lehman Brothers Managing Director Brian Libman, Blackstone is trying to carry out a “roll-up” strategy...


June 1, 2015 - IMFnews

Short Takes: Two Harbors Readies a Jumbo MBS / Available: A Large Pool of Subprime Loans? / LenderLive Buys Walz / A Done Deal: The Merger of Two FHLBs / A New Hire for ZAIS

We understand that a large pool of nonprime mortgage loans is looking for a home...


May 29, 2015 - Inside FHA/VA Lending

Court Denies Relator Standing in Whistleblower Suit Against Bank

Whistleblowers that bring a False Claim Act claim against an FHA lender based on previous publicly disclosed information have no standing, according to a recent federal district court ruling. Judge Jack Zouhary of the U.S. District Court for the Northern District of Ohio dismissed an FCA lawsuit against U.S. Bank because the whistleblower had neither direct nor independent knowledge of the bank’s alleged false claims – two basic requirements for standing in a whistleblower suit. The Advocates for Basic Legal Equality (ABLE), an Ohio-based legal aid group, filed an FCA lawsuit against U.S. Bank for allegedly disregarding and violating FHA regulations. The group accused the bank of filing false claims and collecting payments without evaluating loss mitigation alternatives before foreclosing on properties. According to ABLE, it had consulted with “many people,” whose mortgage loans were ...


May 28, 2015 - IMFnews

Short Takes: Wells Fargo Now #2 in Iowa / Why We Really Need the CSP / What Does Fannie Mae Charge? / First Niagara Under HUD’s Microscope

The former analyst said Freddie has “an inferior security [MBS] necessitating the need for a lot of time and expense to create a common securitization platform…”


May 28, 2015 - IMFnews

Doesn’t Sound Like Fannie Mae Will Offer its Automated Underwriting System for Free

It stands to reason that by waiving the charge that Freddie might take in less revenue, but a GSE spokesman said as a financial matter, “it’s not material.”


May 27, 2015 - IMFnews

Black Knight Nets Nearly $480 Million on IPO, Plans to Expand in Mortgage Services

Black Knight plans to expand its offerings to existing clients, gain new clients, introduce new products and selectively acquire smaller vendors...


May 26, 2015 - IMFnews

Short Takes: The MSR Deals Keep Coming / New Home Sales Strong / USRES Signs Up Nonprime Lender / Overvalued Housing in Texas / Altisource’s Latest Hire

One new portfolio that came out for bid recently entails the transfer of $328 million of Fannie Mae receivables in Massachusetts.


Poll

A lot has been written about the ‘Millennial Generation’ being key to the future of the housing/mortgage market, but how much of your mortgage workforce includes Millennials – those born roughly between the years 1980 to 1999?

Less than 10 percent
11 to 30 percent
Greater than 30 percent
It’s so small we can’t even measure it.
We’re tired of reading about how important Millennials are…

vote to see results
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