Fannie Mae is making it easier for small and medium-sized lenders to deliver electronic mortgages to the government-sponsored enterprise. “Currently, lenders are required to obtain a variance to their master agreement in order to deliver electronic mortgage loans (eMortgages) to Fannie Mae,” the GSE said in a recent selling guide announcement. “Fannie Mae would like to expand...

Tim Duncan, a past chief information officer for the CFPB, aims to protect third-party lenders from regulatory snafus with his new venture.

Officials at Hope LoanPort are touting the capabilities of their web-based portal to help mortgage servicers get into full compliance with the servicing rules put out in February by the Consumer Financial Protection Bureau, as well as help loan modifications proceed without interruption. When the CFPB’s mortgage servicing rules kick in Jan. 10, 2014, lenders will be required to “maintain policies and procedures that are reasonably designed to achieve the objectives of facilitating transfer of ...

Mortgage companies are starting to use predictive modeling and better data and analytics to target homeowners who are moving with the right message at the right time in the move cycle. With the use of direct mail, companies can reach movers before they purchase a new mortgage, the thinking goes. Data and analytics company Target Data, a privately held firm based in Chicago, uses proprietary technology to aggregate housing data (more than 70 million records a week), which it uses to predict if ...

FHFA's plan for a single MBS platform that would be managed by a new government entity separate from Fannie Mae and Freddie Mac does not mean the agency is contemplating consolidating the two GSEs at this time.

Fannie Mae and Freddie Mac and spending a ton of money each year on outside contractors, including technology firms, attorneys and accountants.

Few multistate lenders subject to reviews by state regulators submitted sufficient mortgage call report data last year, according to the Multistate Mortgage Committee. The regulators also cited lenders for origination issues and said they are working toward settlements with smaller servicers. The 2012 annual report released late last week by the MMC detailed two separate widespread data-related violations of state regulations, one involving limited scope electronic exams and the other involving a risk profiling program. The LSE exams were introduced...

Mortgage vendor Lender Processing Services continues to have robo-signing related headaches, thanks to a request from Sen. Ron Wyden of Oregon.

Speculation is mounting that International Business Machines may have the contract to build the new single-platform MBS unit for FHFA.

Ocwen's huge overseas workforce has allowed it to lower its servicing costs substantially, at least that's how it appears.