Browse articles from all of our Newsletters related to Technology.

July 12, 2018 - Inside Mortgage Finance

Freddie to Launch Automated Servicing Transfer in August, Streamlines the Process for Smaller Lenders

Freddie Mac plans to launch a new servicing transfer tool within the next couple of weeks, part of a broader effort by the government-sponsored enterprises to enhance liquidity in mortgage servicing rights.

July 11, 2018 - IMFnews

The Fed of New York Likes What it Sees on ‘Fintech’

The Fed report focused on the origination of FHA mortgages, which are generally more risky than loans eligible for sale to GSEs…

July 6, 2018 - Inside Mortgage Trends

Lacking: Vendor Management Systems

A significant number of lenders report that they don’t have a comprehensive vendor management system in place, according to a survey by Vendorly, a firm that provides vendor-oversight services.

July 6, 2018 - Inside Mortgage Trends

FinTech: Strong Performance and Fast Processing

The faster processing times by so-called fintech lenders don’t result in riskier loans than production from traditional originators, according to an analysis published by the Federal Reserve Bank of New York.

July 2, 2018 - IMFnews

I’ve Just Seen the Future of Mortgage Banking and its Name is Amazon

Two years ago, loanDepot scuttled a much talked about initial public offering of stock...

June 29, 2018 - Inside FHA/VA Lending

Ginnie Mae Unveils Plan for Digital Mortgages; E-Loans on the Horizon

Ginnie Mae will be working with FHA, VA and the U.S. Department of Agriculture to standardize origination policies and requirements for digital mortgages as it moves into the digital age of its secondary market business. Ginnie will coordinate with the agencies while developing technical standards for electronic closings, digital mortgage instruments and electronic vaults. All this work is part of the agency’s three-year strategy, Ginnie Mae 2020, to modernize its mortgage-backed securities program and platform, strengthen its counterparty risk management capability, and explore new ways to lower or eliminate risk from the system. As part of the modernization effort, Ginnie envisions a process that would allow it to accept digital promissory notes and other digitized loan files as eligible collateral for its MBS. It would encompass loan application through securitization. The plan calls for gradual implementation of ...

June 28, 2018 - Inside Mortgage Finance

Does the Future of Mortgage Banking Have a Funny Arrow and Feature Drone Delivery?

Internet retail giant is exploring the idea of buying a mortgage banking franchise and making a splash in this highly cyclical business. But two huge questions loom: Will it actually happen? And if so, will Amazon disrupt the residential lending landscape the way it has brick-and-mortar retailers at the shopping mall?

June 28, 2018 - IMFnews

Short Takes: Ralph Nader Has Some Unkind (And That’s Putting it Nicely) Words for CFPB’s Mulvaney / Mulvaney Viewed Favorably Elsewhere / Nader and the GSEs (Remember that One?) / More M&A for Union Home / A New Hire for Mello

A few years back, Nader went to bat for Fannie Mae/Freddie Mac shareholders suing the federal government over the GSE net worth profit sweep...

June 26, 2018 - IMFnews

Short Takes: Amazon Moves Ahead with Banking Plans / A Martini for Ditech / Cooperman and Ocwen / More Cost Cutting at Ocwen / Britti Gets a New Title / U.S. Bank Hires Wells Fargo Official

Leon Cooperman has been increasing his stake in Ocwen Financial and now owns about 11 percent of the firm…

June 26, 2018 - IMFnews

Movement Mortgage Opts for Crowdsourcing for LO App

Movement gave tech developers eight weeks to develop a prototype…

June 22, 2018 - Inside Mortgage Trends

Zillow Unit Offering Borrower Retention Tool

Mortgage vendor Mortech recently launched a tool that can help lenders and servicers identify borrowers who are likely to list their homes for sale within the next 90 days. The vendor is owned and operated by Zillow Group, a company best known for its individualized home-price estimates.

June 22, 2018 - Inside Mortgage Trends

Movement Opts for Crowdsourcing for LO App

Movement Mortgage is bypassing the traditional mortgage tech-development process in its quest for a mobile operating system for loan officers. The nonbank retail lender recently launched a crowdsourcing challenge, inviting 10 firms to develop prototypes with the chance to win a $25,000 prize and fully develop the operating system.

June 22, 2018 - IMFnews

What We’re Hearing: Mick Mulvaney, Conservative? / A GSE Starting Point? / Mortgage and Big Tech. Can it Work? / Amazon v. Quicken – is Dan Gilbert Ready? / Movement Mortgage? / LenderLive Hires an Advisor / New Hires for Ditech

One former loanDepot official had this to say about the rumor: “It makes sense. loanDepot has plenty of loan officers handling inbound leads. Amazon could create a ton more and compete with Quicken….”

June 21, 2018 - IMFnews

loanDepot Employees Discuss the Amazon Rumor. But is it True? CEO Calls it a ‘Good One’

If the deal comes off, loanDepot employees will receive free Amazon Prime accounts…

June 6, 2018 - IMFnews

Short Takes: Hey, Hands Off of GSE Multifamily / What Ed DeMarco Wanted To Do / Cuts at Stearns? / More Non-QM Lenders Target Self-Employed Borrowers / New Hires at Promontory MortgagePath

Over the years it seems as though commercial banks have basically ceded the multifamily market to nonbanks that use the GSEs as their secondary market takeout…


With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.
11% to 25%. It’s a challenging market.
25% to 40%. It’s going to be very ugly.
No opinion.

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