Mobile technology may seem to be all the rage, with many lenders tapping vendors to help borrowers to shop for rates, mortgages and lenders from the palms of their hands. But a new Fannie Mae survey suggests that borrowers prefer to go “old school” and use their personal computers to find the best mortgage. The use of technology in mortgage shopping is likely to continue – especially among younger borrowers with higher income and educational levels. “Consumers say they use traditional ...

New FHFA Director Mel Watt is expected to shakeup some of the senior staff at the Federal Housing Finance Agency.

One mortgage executive had this to say about the W.J. Bradley case: “This is fascinating for the implications of whether the LO or the company owns the customer. As you know, LOs have their little black books (or thumb drives) of all their customers and their information."

The GSEs’ common industry dataset that supports the CFPB’s new disclosure form is called the Uniform Closing Dataset, and is one component of the Uniform Mortgage Data Program, an ongoing effort being directed by the FHFA.

The government-sponsored enterprises Fannie Mae and Freddie Mac are stepping up their development of a standardized dataset to support the Consumer Financial Protection Bureau’s recently finalized consolidated closure disclosure forms – a project that could represent a tipping point in the mortgage industry’s use of electronic mortgages, technology vendor representatives say. The GSEs’ common industry dataset that supports the CFPB’s form is called the Uniform Closing Dataset, and is one component of ...

Bexil American Mortgage partnered with a private real estate investment trust to launch a correspondent program. Meanwhile, New Jersey filed a lawsuit against Credit Suisse regarding non-agency mortgage-backed securities issued before the financial crisis.

Ellie Mae has annualized revenues of roughly $130 million. The company went public two years ago.

Inside Mortgage Finance is hearing rumblings about a mid-sized nonbank that was contemplating an initial public offering pulling the deal.

Elsewhere, in the report FHFA claims significant progress has been made on the development and initial testing of the GSEs’ common securitization platform.

One of the worst-kept secrets in mortgage technology is that Ellie Mae, which went public almost two years ago, is entertaining offers. But can the firm – the brainchild of technology veteran Sig Anderman – get a deal done before originations fall even more? Not surprisingly, Anderman isn’t taking press calls on the issue. As a rule – and to avoid disclosure violations with the Securities and Exchange Commission – public firms usually don’t discuss the blow-by-blow on takeover talks. However, that isn’t ...