Investors in Fannie/Freddie common (and preferreds) were licking their wounds this week after the Supreme Court essentially ruled against them. Moral of the story: Stock speculation is not for the weak of heart.
Experts believe a properly configured customer relationship management system can help lenders survive the change from a refi-heavy market to a purchase one.
The title insurance company was fined for an inadequate response after receiving notification that millions of mortgage records were inadvertently available for view online.
eVault technology from DocMagic will be incorporated into ICE Mortgage’s Encompass loan origination system. Also, MISMO expanded its eMortgage tech certification program.
Most of the big banks -- even Bank of America -- reported hefty gains in mortgage banking income during the first quarter that appear largely driven by net servicing fees. (Includes data chart.)
Stavvy has secured $40 million in an initial funding round while Spruce closed on a $60 million Series C round. The vendors provide tech-related services for lenders and servicers.