The Week Ahead: Moving into Summer
On Tuesday, Fannie Mae will release its May 2017 Economic and Housing Outlook report. The Outlook is a forecast of economic trends in the housing and mortgage-finance markets, analyzing current [...]
Optimal Blue Provides Pricing Info to Media CRM Users
Optimal Blue, a provider of a secondary mortgage market eCommerce platform, announced a partnership with Media Center CRM, which provides customer relationship management solutions to the mortgage industry. Mortgage and [...]
Empower Incorporates HMDA Rule, New Tech Integrations
Black Knight Financial Services announced last week the release of LoanSphere Empower 7.0, a new version of its loan origination system (LOS), including updates aimed at compliance with the Consumer [...]
Bringing Back the Chase Case
In 2015, a court dismissed all claims under the suit entirely, citing a six-year statute of limitations on MBS contract litigation, as established in ACE Securities Corp. v. DB Structured [...]
RBS Plans to Settle Litigation
Royal Bank of Scotland (RBS) CEO Ross McEwan has stated that the bank is in talks to settle one of the two major U.S. investigations into allegations it mis-sold mortgage-backed [...]
Wells Fargo Welcomes Back Private-label RMBS
An executive at Wells Fargo has announced the bank will attempt to bring back private-label bonds this year. The bank hasn’t issued bonds backed by non-government guaranteed loans since 2008, [...]
Financial CHOICE Faces Further Opposition
Following several heated hearings within the Financial Services Committee, the Financial CHOICE Act (H.R. 10) has faced further opposition from the Ranking Members of several House Committees. Financial Services Committee [...]
Industry Leaders Discuss Diversity, Inclusion
The Five Star Diversity Symposium was a day-long event focused on advancing the conversation on diversity within the mortgage industry, and featured keynote addresses from industry leaders as well as [...]
Blame it on Refis
According to new analysis of GSE loan performance data, refinances may be, in large part, to blame for the housing crisis. An uptick in “using homes as ATMs” lead to [...]