At one time, Date headed Ethos Lending, a non-QM lending affiliate of Fenway.

Joseph Otting would not be the permanent director but would be a place-holder until...

Ellie Mae is migrating its infrastructure to Amazon’s cloud platform in order to refocus its man-power and capital on innovation in mortgage lending instead of database management.

The FHA’s Mutual Mortgage Insurance Fund is generally healthy but for its Home Equity Conversion Mortgage program, according to the latest FHA audit of the MMIF. In its 2018 report to Congress this week, the Department of Housing and Urban Development had good and bad news regarding the financial condition of the insurance fund. The good news is that the economic value of the MMIF, which backs the FHA’s single-family loan programs, increased to $34.7 billion in fiscal 2018 from $26.7 billion a year ago. Total capital resources rose to $49.2 billion from $40.9 billion during the same period. For the fourth consecutive year, the fund exceeded its statutory capital reserve ratio of 2.00 percent. The ratio rose to 2.76 percent in 2018 from 2.18 percent last year. Premium reductions, had they been in effect, would have reduced the fund’s economic net worth and dropped its capital ratio, industry ...

Altisource said the tech offering provides the option for individual mortgages to be tracked as individual chains of data via blockchain...

The CFPB’s information security program has improved in the past year with more effective incident responses to detected cybersecurity events, according to a recent report from the bureau’s Office of Inspector General. On a scale of one to five, the CFPB’s overall information security program is operating at a level three or “consistently implemented.” Several activities are being performed at a higher level, according to the OIG. The major improvement ...

Fun fact: Consumers with their names in the email address were 30 percent less likely to default than other customers.

But putting the negativity aside for a minute, there are a couple of bright spots in the industry: Servicing valuations and non-QM lending...

Fannie Mae recently introduced a new tool – the Loan Servicing Data Utility platform – to simplify investor reporting.

Specific details in consumers’ email addresses and insight into whether lower-case writing is consistently used can be just as useful for predicting defaults as credit scores, according to research published by the Federal Deposit Insurance Corp. The findings suggest that financial technology companies could use data from so-called digital footprints to challenge traditional lending business models. The findings were detailed in a recent paper titled “On the Rise of the FinTechs – Credit ...