Mixed Feelings About Reverse Mortgages
BLOG VIEW: I have mixed feelings about reverse mortgages. I think it was around 2010 that I first heard about the reverse mortgage...
Greenwich Estate Sells For Record $120 Million
One of the most expensive single-family residential properties in the U.S. sold last week for a whopping $120 million. Copper Beech Farm, a...
Bank Of America Settles With FGIC For $950 Million
Bank of America Corp. will pay $950 million to settle claims brought by mortgage insurer Financial Guaranty Insurance Co. (FGIC) and several groups...
Ellie Mae: Network Outage Was Not Due To Malicious Attack
Loan origination system (LOS) provider Ellie Mae reports that the recent network outage that affected its customers two weeks ago was not due...
J.P. Kelly: Most ‘Web-Based’ LOS Systems Are Not Truly SaaS
PERSON OF THE WEEK: J.P. Kelly is president of loan origination system (LOS) and pricing engine provider OpenClose. MortgageOrb recently interviewed Kelly to...
Jim Silva: Regression Analysis Now Vital To The Mortgage Industry
PERSON OF THE WEEK: Jim Silva is CEO and president of EMC2Data, a global provider of storage, data protection, security, infrastructure management and...
AMCs Generally Receptive To Proposed ‘Minimum Requirements’ Rule
Six federal agencies including the Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau are currently collecting public...
Fenway Summer Acquires Ethos Lending, Gears Up To Offer ‘Non-QM’ Loans
Fenway Summer, the advisory and venture firm launched last year by former Consumer Financial Protection Bureau (CFPB) Deputy Director Raj Date, is gearing...
OIG Says CFPB Isn’t Following Its Own Examination Guidelines
The Consumer Financial Protection Bureau (CFPB) needs to improve the efficiency of its program for supervision of banks and non-banks, the Office of...
Two Possible Reasons For The Ellie Mae DDoS Attack
BLOG VIEW: In case you didn't hear, loan origination system provider Ellie Mae's network went down for more than 24 hours starting on...
Phil Huff: Qualified Appraisers Getting Harder To Find
PERSON OF THE WEEK: Phil Huff is CEO of Platinum Data Solutions, a provider of valuations technology and services to the real estate...
Senate Finance Committee To Act On Mortgage Debt Forgiveness
The Senate Finance Committee is expected to mark up a bill on Thursday that would extend 45 tax provisions - including the Mortgage...
Yogesh Chaudhari: Technology Revolutionizing How Mortgage Servicers Operate
PERSON OF THE WEEK: Yogesh Chaudhari is senior vice president of IndiSoft, a provider of Web-based software to the default servicing industry. MortgageOrb...
Waters Introduces Yet Another Housing Finance Reform Bill
Rep. Maxine Waters, D-Calif., the ranking Democratic member of the House Financial Services Committee, has introduced another proposal for housing finance reform. Like...
OIG: Property Preservation Companies Need Better Controls
Property preservation companies need better controls in place to ensure that the property inspection reports their sub-contractors submit are accurate, a recent audit...
RealtyTrac Launches Tax, Deed And Mortgage Data Licensing Business
Property data and analytics firm RealtyTrac has entered the tax, deed and mortgage data licensing business, making it the first new entrant in...
Carrington Mortgage Marches Boldly Into The ‘Nonprime’ Realm
Carrington Mortgage Services is moving into sub... er, um, 'nonprime' lending in a big way, having lowered its minimum credit requirement to a...
Rajesh Bhat: Technology Is Reshaping The Home Buyer Experience
PERSON OF THE WEEK: Rajesh Bhat is CEO of Roostify, a provider of automated real estate transaction technology. MortgageOrb recently interviewed Bhat to...
Tapering To Continue, But Fed Policy May Get Murkier
The Federal Reserve will continue to taper its bond-buying program, reducing its monthly purchase of assets by another $10 billion, as revealed by...
Flush With Cash From Google Capital, Auction.com To Boost Mobile, Search and Marketing Efforts
Google Capital, the search giant's newest funding vehicle, has invested $50 million in Auction.com, marking its first investment in an online real estate...