Browse articles from all of our Newsletters related to Technology.

November 24, 2015 - IMFnews

Are Mortgage Lenders Missing the Mobile Boat?

However, 40 percent of those lenders who do not offer a mobile app plan to make one available over the next 12 months.

November 20, 2015 - Inside Mortgage Trends

Are Mortgage Lenders Missing the Mobile Boat?

Recent findings from a Fannie Mae survey suggest a substantial digital divide exists between the mortgage lending industry and younger, more tech-savvy borrowers who want to shop for a mortgage online via mobile technology, such as smartphones and tablets. For instance, roughly three out of four lenders surveyed recently by the government-sponsored enterprise do not offer a mobile software application to help consumers shop for a mortgage. “Larger and mid-sized ...

November 18, 2015 - IMFnews

OCC to Begin Examining for TRID Compliance

The OCC’s language was not as strong as earlier reassurances from the CFPB that it would not be taking a “gotcha” or punitive approach when it commences with TRID examinations…

November 17, 2015 - IMFnews

Short Takes: Congress Turns Grinch on GSE CEO Salaries / A Disappearing Asset: GSE REO / VantageScore Sees Huge Gain in Orders / Two Harbors Adds Former RBC Vice Chair to Its Board

At the end of fiscal year 2015 the two GSEs had combined REO holdings of 78,738 units, a 36 percent decline from the prior year…

November 16, 2015 - IMFnews

Short Takes: Private MIs Want Higher FHA Capital Standards / Ocwen Sells Short-Term Paper / CoreLogic Updates Risk Model on Jumbos / Due Diligence Providers Added / Correction

Some believe the FHA MMIF minimum capital standard should be 4.5 percent, not 2.0 percent.

November 12, 2015 - Inside Mortgage Finance

Wells Settles with DOJ for $81.6 Million on Treatment of Borrowers in Bankruptcy

Seemingly small differences in monthly mortgage payments for borrowers in bankruptcy helped prompt an $81.6 million settlement between Wells Fargo and the Department of Justice late last week. The DOJ’s U.S. Trustee Program said Wells repeatedly violated federal bankruptcy rules that took effect in December 2011 and imposed more detailed disclosure requirements to ensure proper accounting of fees and charges for borrowers in bankruptcy. The main instance cited in the settlement agreement was...

November 9, 2015 - IMFnews

An Issue That’s Not Going Away: Tech Vendor Performance on TRID

“I don’t think it does a lot of good to play the ‘blame game’ and I don’t think that’s where the solution lies,” said Brian Benson, CEO of ClosingCorp.

November 6, 2015 - Inside Mortgage Trends

Consumers Expecting More in Financial Dealings

Nobody likes getting a mortgage, but interactive technology – if implemented correctly – can make the process significantly more transparent and less stressful, industry experts say. There is an opportunity in technology to make the system more transparent and help educate the next generation of homeowners, as well as minority groups, said Robert Greenbaum, director of communications and marketing at Fannie Mae, during a panel session at the annual convention of the Mortgage Bankers Association. “They aspire...

November 6, 2015 - Inside Mortgage Trends

Technology Vendors Feeling the Heat on TRID

Vendors that have been supplying the mortgage lending community with the technology necessary to implement the Consumer Financial Protection Bureau’s integrated disclosure rule are suddenly under regulatory scrutiny over the struggles some lenders have had in being fully compliant with the new regulation. The so-called TRID rule took effect Oct. 3, 2015. A dark cloud began...

October 29, 2015 - Inside Mortgage Finance

After Four-Plus Decades as an FHA Specialist, First Mortgage Shuts Its Doors and Sells Assets

First Mortgage Corp., Ontario, CA, this month completed its liquidation, selling its branch network and $6 billion of servicing rights to other firms, and winding down a 44-year-old business that catered to FHA borrowers with lower credit scores. Jean Ziroli-Kobielsky, a recruiter for the family-owned business, noted that it wasn’t fear of regulatory oversight that prompted her father and brother to sell FMC, it was technology: “Some of our technology systems were still using DOS,” she told Inside Mortgage Finance. (DOS, or disk operating system, was the precursor to the Microsoft Windows software line for PCs.) She said...

October 23, 2015 - IMFnews

Fannie, Freddie CEOs Urge Patience to the Industry on the Single GSE Security

The CSP joint venture is staffed and “no longer living like poor cousins” at the GSEs themselves.

October 22, 2015 - Inside Mortgage Finance

Housing Finance Reform Be Damned: GSEs Reveal New Programs and Partnerships at MBA Annual

In a spurt of new activity unveiled at the annual convention of the Mortgage Bankers Association this week, Fannie Mae and Freddie Mac are ramping up the competition between each other, announcing new programs and partnerships and acting as though housing reform is not on the radar anytime soon. And it may not be. While rumors have swirled recently, hinting that the government-sponsored enterprises may be released from conservatorship, White House and Treasury officials confirmed this week that there are no such plans to recapitalize and release the two from government stewardship. “None of us should be misled...

October 22, 2015 - IMFnews

Cybersecurity a Growing Concern for Mortgage Lenders…

The theme Cressey and other experts repeatedly drove home is that the industry can never get ahead of the threat.

October 21, 2015 - IMFnews

Short Takes: What Goes Down, Must Go Up (Applications) / Volatility is Here to Stay, for Now / Which Tech Firms was Cordray Referring to? / StoneHill Continues to Hire / Divide and Conquer the Mortgage Industry?

Due diligence vendor The StoneHill Group is in a hiring mode...

October 21, 2015 - IMFnews

CFPB Director Cordray Slams Technology Vendors Over TRID, Hints of a Vendor Overview

Some observers believe the CFPB is questioning whether certain LOS vendors are qualified to serve the industry, fearing a potential crackdown on such companies.


Should the FHA cut premiums?

Yes, the MMIF has surpassed the 2 percent minimum. It’s time to help first-time home buyers.
Yes, but not until mid-2016 at least, when we see how the fund is doing.
No. The MMIF needs to rebuild and prepare for another potential downturn – just in case.
No. We believe the minimum ratio should actually be raised to 4 percent or higher.
I am undecided.

vote to see results
Housing Pulse