Browse articles from all of our Newsletters related to Technology.

March 22, 2019 - Inside Mortgage Trends

HELOC Providers Need to Improve Digital Offerings

A lack of digital offerings has become a major drag on the home-equity market as customers are more likely turning to alternative sources of funding, according to a new study by J.D. Power. The satisfaction score of home-equity line of credit products among customers who use solely digital channels is 819 on a 1,000-point scale, the lowest compared to the satisfaction scores of HELOC customers who gather information in person or via phone only (836) and those who use both online and ...

March 21, 2019 - IMFnews

Short Takes: The Supremes Rule on Foreclosures and the FDCPA / It’s Good to be King, Unless You’re the CEO of Freddie Mac / Angel Oak Bolsters Office Space Big Time / Tennessee Bank Looking for Non-QM Loans / Two New Directors for Fannie / Correction: Freddie CEO, Not Fannie

Based on Freddie’s annual profits, CEO Don Layton is probably one of the two most underpaid bosses in the world of finance. Soon that distinction will belong to David Brickman...

March 12, 2019 - IMFnews

Trump Wants to Slash HUD’s Budget by 16%, but Allows for FHA ‘Tax’ to Upgrade IT

The Trump White House wants to impose a fee on FHA lending to raise the money...

March 8, 2019 - Inside Mortgage Trends

Digital Lender Expects Doubling Output

The mortgage market expects output to be flat this year, but digital mortgage lender said it could double its production to $2.5 billion. “We did about $1.3 billion last year, which is three times what we did in 2017,” the company’s President Jerry Selitto said.

March 5, 2019 - IMFnews

Short Takes: Freddie Mac Invests $61M in Affordable Housing / AMC Acquires a Title Search Firm / Stevens Joins Tech Company / CFPB Kicks Off PACE Financing Rulemaking

Freddie Mac on Monday initiated three investments in affordable housing managed by National Equity Fund ...

March 1, 2019 - Inside FHA/VA Lending

Updates to EAD Portal, FHA Connection Take Effect

Lenders will no longer be able to edit appraisals in FHA’s Electronic Appraisal Delivery portal. They will have to submit a corrected appraisal to update the field.

March 1, 2019 - Inside MBS & ABS

S&P Cautions About Risk in Blockchain Technology

The industry is considering adopting block-chain technology in structured finance for its purported advantages, but S&P Global Ratings has expressed concerns that the nascent nature of the technology may introduce new risks to securitizations.

February 28, 2019 - IMFnews

Ellie Mae Proxy Reveals Kill Fees and a Big Golden Parachute for CEO

Ellie Mae executives entitled to “golden parachute” payments include Jonathan Corr, Dan Madden, Cathleen Schreiner Gates and others…

February 25, 2019 - IMFnews

Short Takes: Kushner Getting Cushy with Fannie and Freddie? / Working with Lenders, Not Property Owners / Prepayments Fall to 18-Year Low / More Funding for

A Freddie spokesman confirmed to us what we’ve always assumed: “We are not a primary lender.”

February 22, 2019 - Inside Mortgage Trends

loanDepot Rolls Out Eight-Day Mortgage

loanDepot this week launched a digital mortgage product, mello smartloan, promising quick turn times for more than half of its loan applicants. The nonbank lender claims borrowers can now close their mortgages in just eight days.

February 22, 2019 - Inside Mortgage Trends

AVMs to Blame for Drop in Appraisal Employment?

Although employment in the mortgage industry has been fairly robust the past few years, it’s been a dicey proposition for real estate appraisers. According to figures compiled by the Appraisal Institute, a national trade group that represents the sector, there were 82,208 active license holders at last count, down 8.1% from four years earlier.

February 22, 2019 - Inside Mortgage Trends

Front-End Digital Mortgage No Longer So ‘Special’

The majority of lenders now offer a front-end digital mortgage process for borrowers but there is considerable variability in adoption rates for various back-end processes, a survey by Strategic Mortgage Finance Group showed.

February 22, 2019 - IMFnews

What We’re Hearing: Franklin Raines’ Dream / / The Hype Behind Digital Mortgages and Cost Savings / Replacing Moderately Paid Workers with Expensive Programmers / Calabria a Lock? / NAR's GSE Ideas

And here’s another farce: Once the system is built, maintaining it will be cheap (because regulations and products never change)…

February 22, 2019 - IMFnews

Money-Losing Zillow Has New (Old) CEO, Plans Significant Foray into Mortgages

Zillow’s management believes that within three to five years the firm could originate 3,000 mortgages per month...

February 20, 2019 - IMFnews

loanDepot Launches Digital Mortgage Process, Says It Can Close a Loan in 8 Days

To date, loanDepot has spent $80 million on the effort...

February 14, 2019 - Inside Mortgage Finance

Appraisal Firm CoesterVMS Goes Out of Business

CoesterVMS, a nationwide appraisal management company, has folded its tent, the apparent victim of a slowing mortgage market and other woes. As the weekend approached, the front door of the Gaithersburg, MD-based company was locked, its website down, and calls to the vendor were put on hold almost immediately.

February 14, 2019 - IMFnews

Nationwide Appraisal Firm CoesterVMS Goes Bust

Back in November, the company’s founder and President Brian Coester said: “It’s business as usual here...”

February 13, 2019 - IMFnews

Short Takes: A Nice Month for Pershing Square / No Mention of the GSEs / A Mortgage-Related M&A Deal Drags On / Delayed by the Chinese New Year / A New MBS From Deephaven / Pavaso Hires Mortgage Tech Vet Tim Anderson

After two-plus years of waiting, the Genworth deal has yet to close...

February 12, 2019 - IMFnews

PE Firm to Take Ellie Mae Private in a Deal Valued at $3.7 Billion

Under the terms of the agreement, Ellie Mae shareholders will receive $99.00 in cash per share.

February 8, 2019 - Inside Mortgage Trends

Real-Time Fee Alerts to Make LOs More Productive

A partnership between two companies is making mortgage loan officers more confident of their commissions while working in the field.


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