Cart

Inside Mortgage Trends

August 13, 2010

View Archived Issues

Ally Posts Second Straight Mortgage Profit

Ally Financial – heir to the longest-running money-loser in the mortgage banking industry – reported its second consecutive profitable quarter and announced plans to take the company public and repay its government life support. Ally, formerly known as GMAC Financial, reported... Read More

Fannie Mae Launches New LQI Feature

Come the weekend of Sept. 25, lenders will have the ability to access Fannie Mae delivery checks at any point in a business process.EarlyCheck is the newest service launched in support of Fannie’s Loan Quality Initiative. To avoid inconsistencies that are often not discovered until after the loans are delinquent or the foreclosure process is completed, EarlyCheck points out... Read More

The Role of Negative Equity in Mortgage Default

New research suggests that many underwater borrowers are able to resist the temptation to walk away from their home even as negative equity continues to mount, until a second jolt such as lost income pushes them to default. Federal Reserve economists reported... Read More

BNY Mellon Launches Mortgage eVault Service

BNY Mellon, one of the largest physical mortgage document custodians in the nation, is expanding into the electronic storage sphere. It recently introduced a new eVault service that will enable it to receive, process and store electronic mortgage documents on behalf of its clients, aiming to bring... Read More

Mortgage Insurance Rescissions Increase As Private MIs Continue Modest Recovery

Private mortgage insurers during the second quarter continued to aggressively cancel MI coverage for various defects in how loans were originated, while also negotiating more deals to resolve conflicts with lenders over policy rescissions. The pressure on private MIs to find ways to cut their losses continued... [Includes one data chart and one graph] Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results