Relatively new players to the world of Fannie Mae approvals are starting to gripe a little more about the “volume curbs” that the GSE is placing on its “newbie” customers. One mortgage banker, who spoke under the condition his name not be used, told Inside Mortgage Finance ...

Nationstar Mortgage is telling potential investors in the company that it plans to be a significant player in settlement services, REO management, processing and other areas.

Lender Processing Services settles robosigning allegations with the states.

National MI, the Emeryville, CA-based mortgage insurer started by former executives at The PMI Group, has yet to write its first policy, but may soon.

Here’s a pop quiz: Which top-ranked lender saw its residential fundings fall by 58 percent during the first nine months of the year while the rest of the competition soared? Answer: Bank of America.

Much attention over the last few years has centered on how best to help revive non-agency mortgage securitization. But recent advances in technology have enabled whole loan trading to emerge as a viable alternative that is filling some of the void left in the marketplace by less securitization. “At least in the U.S. residential debt market, we are seeing a much larger market for the trading of whole loans,” said Wyck Brown, president of Denver-based BlackBox Logic, a provider of loan-level data aggregation, analytics and consulting services. “Large whole loan blocks can ...

Expect the Consumer Financial Protection Bureau and the Federal Housing Finance Agency to roll out a national mortgage database this year, but experts say it remains to be seen how comprehensive or how secure the first-of-its-kind mega electronic information storehouse will be. This week, during a webinar sponsored by the Ballard Spahr law firm, experts from Ballard and Navigant Consulting agreed that the government’s commitment to develop an origination-to-foreclosure repository of mortgage data is a “daunting” task that will take much longer than a single calendar year to implement and refine. “I absolutely believe...

Fannie Mae and Freddie Mac, at the direction of the Federal Housing Finance Agency, are moving forward together to develop industry-wide data standards, according to updates from both GSEs. A component of the FHFA-mandated Uniform Mortgage Data Program, the Uniform Mortgage Servicing Dataset will define a standard dataset that will facilitate data exchanges between servicers and investors with standardized definitions, formats and valid data values. “The adoption of an industry standard data model will provide long-term benefits to servicers, GSEs and the mortgage industry,” noted the GSEs’ update published Dec. 12.

Technology advances have helped most credit unions improve productivity in their mortgage origination processes, but there are significant differences among institutions and the industry as a whole could do a better job in managing the pipeline, according to an analysis by Mortgage Cadence. “While some credit unions post remarkably high productivity and correspondingly low costs to close, there is significant room for improvement,” said Mortgage Cadence, which offers an integrated loan origination system.

Government regulations and compliance changes are making it difficult for mortgage professionals to do business in the current environment, while outdated technology and manual processes are impeding the workflow, according to a new Genpact study. Faced with new regulations and a slow housing recovery, the mortgage marketplace badly needs new technology solutions and improved business processes, said the study, which was compiled for Genpact Limited, a provider of ...