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Short Takes: Comment Deadline for Freddie Proposal / S&D MBS From loanDepot / Delinquencies Decline / Snapdocs a Leader in eClosing Timelines

April 22, 2024
Brandon Ivey
The deadline to comment on Freddie Mac's proposal to acquire second liens is May 22.
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Mixed Views Among Lenders on FHFA’s Title Pilot

April 16, 2024
Dennis Hollier
The MBA has concerns while the Community Home Lenders of America supports the effort.
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Figure Offers Alternative to MERS Registry

April 11, 2024
Brandon Ivey
Figure is touting its DART System as a more efficient and less expensive alternative to the MERS registry.
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Short Takes: Rocket Speeds Loan Process With AI / AI Officer at FHFA / Pretium Affiliate Wins NPL Auction / CMBS Investor Changes Hands

April 9, 2024
Brandon Ivey
Rocket plans to offer its AI platform to other companies later this year.
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Lenders Advised on Code Words, Ransoms

April 3, 2024
Shannon Clark
Given that scammers are using artificial intelligence to mimic voices of trusted sources, Violet Sullivan, assistant vice president at Crum & Forster Insurance, recommended mortgage companies require the source to provide a code word or phrase during verbal confirmation of a transaction.
Read More

Short Takes: Altisource Shifts From Mortgages to EV Tech / Applications Down Slightly / Farmer Mac Sees Strong Demand / HUD’s Vacant Lot Sale

April 3, 2024
Brandon Ivey
Altisource Asset Management is working on a control system that increases the efficiency of electric vehicles.
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Short Takes: FHFA to Improve Exam Practices / Better Taps Real Estate Agents / Doma Plans to Go Private / Pending Home Sales Up Slightly

March 29, 2024
Brandon Ivey
FHFA is working on internal guidance to improve its exams of nonbank mortgage companies.
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Short Takes: DOL Fine for Emotional Damages / UWM’s Margins Expected to Improve / Growth in Mortgage Payments Outpaces Applicants’ Earnings / Trees Saved From Digital Closings

March 28, 2024
Brandon Ivey
The fine levied by the Department of Labor for emotional damages followed a whistleblower complaint involving PrimeLending.
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Short Takes: Fed Plans to Slow Balance Sheet Runoff / FHFA to Host AI-Focused TechSprint / Home Improvement Securitization / Downgrade of Old Subprime MBS

March 21, 2024
Brandon Ivey
The Fed plans to reduce the speed of the runoff of Treasuries and MBS from its balance sheet "fairly soon," according to Fed Chair Jerome Powell.
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Short Takes: Forbearance Steady / ICE Facilitates Reconsiderations of Value / New Loan Limits for Manufactured Housing / Figure’s Lender Breaks From Figure’s Tech Company

March 19, 2024
Brandon Ivey
Some 0.22% of mortgage borrowers were in forbearance as of the end of February.
Read More
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