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Inside Mortgage Trends

October 2, 2009

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Study Says New Mortgage Securitization Model Can Work, But It Has to Be Built With Care

Proposals to require issuers of mortgage securities to retain some “skin in the game” as a cure to the laissez-faire mentality that led to the subprime market meltdown run the risk of being too simplistic or so onerous that they discourage securitization altogether, according to a new report by the International Monetary Fund. The Obama administration and key Democrats in the House of... Read More

Mortgage Buybacks Down Sharply in 2Q09

Banks reported sharply lower mortgage repurchase activity during the second quarter, although the volume of buybacks in 2009 remains far above year-ago levels, according to a new analysis of call report data by Inside Mortgage Profitability. The 30 largest banking organizations reported a combined $1.916 billion in repurchases and indemnifications of... [Includes one chart and one graph] Read More

Smart Tech Design Can Bring Big ROI

In today’s volatile mortgage market, it’s becoming increasingly important to mortgage companies to implement thoughtful, operational technology design in order to minimize costs and to maximize efficiencies, productivity and profits, particularly in the context of an active merger and acquisition environment, according to one design consultant. “As financial institutions... Read More

Chicago Bank Leaves Mortgage Sidelines

For many mortgage bankers who saw the subprime storm brewing several years ago and decided to batten down the hatches, the dark clouds have subsided, and they’re finding opportunities to return to the market and restore their prior success. Wintrust Financial Corp. is one such company. Based in Chicago, it owns 15 community banks in that region and operates Wintrust Mortgage Corp... Read More

Mod Company Thrives With Cloud Computing

Increased use of cloud computing systems, dynamically scalable software as a service (SaaS) available over the Internet, has swept over the mortgage industry, and companies are increasingly finding new cloud systems to be indispensable to their success. The American Mitigation Law Group, which negotiates with lenders on behalf of homeowners, transitioned to LongJump, a cloud SaaS, and has... Read More

Crisis Creates Opportunities in Retained Servicing

The collapse of the mortgage securitization market and the tangled mess of bad loans sold servicing released have caused a dramatic shift back to loan origination with servicing retained, which opens up new profit opportunities for independent mortgage bankers, a recent analysis by Mortgage Industry Advisory Corp. indicates. Until the mid-1990s, it was common for mortgage lenders to... Read More

Technology Briefs

eMASON, a software provider specializing in Web-based process automation for the financial... Ellie Mae, provider of software and services for the mortgage industry, recently announced... Wolters Kluwer Financial Services has integrated its Disclosure Manager with LoanSifter’s... SigniaDocs, a provider of eMortgage services, recently announced the compliance of its loan documents... Read More

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