To streamline the mortgage process Freddie Mac recently approved a handful of mortgage vendors that sellers/servicers can use to have promissory note documents digitally signed. The mortgage industry has been behind when it comes to utilizing technology but Freddie is hoping to expedite the process by publishing a list of pre-approved eMortgage vendors. The list highlights vendors that have met its minimum functional, legal and security review requirements for creating, signing and storing electronic promissory notes. These eNotes detail the repayment obligation of the borrower to the lender. While sellers typically don’t need special approval to use electronic documents as long as their procedures meet the GSEs’ requirements, Samuel Oliver III, vice president of transformation management for the single-family business at...

The loans funded by Sterling and Lendsure entailed the use of bank statements to verify borrower income.

Then there’s the case of Bill Dallas, the industry veteran who runs Skyline Home Loans in Calabasas, CA. “Winter is coming,” he said in a brief email exchange with Inside Mortgage Finance.

Of the three reverse mortgage firms, American Advisors Group was fined the most: $400,000...

Have any of the GSE stock speculators that bought on the cheap cashed out of their gains?

The average loan-to-value ratio for the securitized FHA and VA loans were 92.3 percent and 94.6 percent, respectively.

Perl is bullish on the non-agency market for the coming year and is thankful Citadel is not a Fannie/Freddie lender…

First the good news: origination profits were strong in 3Q16. Now the bad: the recent rate rise is going to hurt.

Refi specialists could be in for a word of hurt...

Over the past few weeks, rumors have circulated that the privately held RPM was buying American Eagle...