GSEs Release ‘Duty To Serve’ Plans For Public Comment
Each plan aims to address the needs of America's three most underserved markets: manufactured housing, affordable housing preservation and rural housing.
Financial CHOICE Act Passes In Committee, Moves To House Next
The House Financial Services Committee on Thursday passed the Financial CHOICE Act, a sweeping piece of GOP-backed legislation that would, if approved, gut major...
MBA’s Stevens: ‘Recap And Release’ Of GSEs Would Be A Big Mistake
One thing that David Stevens, president and CEO of the Mortgage Bankers Association (MBA), made perfectly clear during his opening remarks on Monday during...
Can We Avoid A GSE Bailout?
Proposals to replace Fannie Mae and Freddie Mac with new firms will falter unless Congress okays a federal line of credit.
Trump Taps Pam Patenaude To Become Next HUD Deputy Secretary
“Pam is an exceptional choice for the position," says David H. Stevens, president and CEO of the Mortgage Bankers Association
Ocwen Vows To Fight Regulatory Actions Brought By CFPB, States
Taking a page from the PHH Mortgage regulatory defense playbook, mortgage servicer Ocwen Financial Corp. is seeking to have a complaint from the Consumer...
Blockchain: The Next Mortgage Industry Shake-Up?
Why blockchain technology will be the next big thing for the mortgage industry.
Carlos Sa: Building Your Own Lending System Offers Many Benefits
PERSON OF THE WEEK: Although most mortgage lenders use "best of breed" or "out of the box" loan origination systems (LOS) from the top...
CFPB Suing Mortgage Servicer Ocwen For ‘Years Of Widespread Errors’
Numerous states also bringing their own separate suits; mortgage servicer says suit is 'overreach' and 'politically motivated'
Impac Mortgage Raises $56 Million To Grow Its Non-QM Business
Impac Mortgage Holdings Inc. has raised $56.0 million by selling shares of its common stock in a registered direct offering to certain purchasers, the...
CFPB To The Rescue: Revisions To The Revised HMDA Rules
As is to be expected with any regulatory change, there has been some confusion and uncertainty surrounding these new rules.
Using Old Technology Is One Way To Drive Away Mortgage Customers
BLOG VIEW: When was the last time you used a fax machine? Can’t remember? Neither can I. Yet the other day, I found myself...
CFPB Clarifies HMDA Rule, Seeks Feedback
The Consumer Financial Protection Bureau (CFPB) has issued a set of clarifications to its 2015 Home Mortgage Disclosure Act (HMDA) rule and is requesting...
Accenture Acquires ClosingBridge Platform From BeesPath
Accenture has acquired BeesPath’s ClosingBridge platform, which facilitates simple, secure communications and file exchange for real estate finance transactions.
This will extend Mortgage Cadence’s loan...
Balancing High-Tech And High-Touch Customer Experience: Why It Matters
In the quest to deliver a high-tech borrower experience, lenders may inadvertently isolate high-value borrowers who prefer physical interaction.
Embrace Home Loans Launches Digital Marketing Division
The new division has been established in response to changing consumer expectations.
Digital Marketing And Big Data Will Determine Mortgage Lenders’ Future Success
BLOG VIEW: Today more than ever, organizations of all kinds are competing to stand out among their competitors. With the never-ending marketing noise, it...
Black Knight: Total ‘Tappable’ Equity Hit $4.7 Trillion In 2016
Rising home prices significantly decreased the number of underwater borrowers and boosted the amount of "tappable" equity that they have in their homes in...
Bob Jennings: In Mortgage, Automated Compliance Is The Only Way To Go
PERSON OF THE WEEK: Bob Jennings is CEO of ClosingCorp, a provider of residential real estate closing cost data and technology. MortgageOrb recently interviewed...
Survey: About 9% Of Mortgages In 2016 Were Non-QM Loans
This is down from 14% in 2015, due primarily to increased risk.