Homeowners facing foreclosure hits 9-year low

Black Knight report shows only 1% of all mortgages in active foreclosure
A new report from Black Knight Financial Services shows that by one metric, the housing market is healthier than it’s been since the crisis began. According to new data released Tuesday morning by Black Knight, the rate of loans in active foreclosure is lower right now than at any point in the last nine years.
Read More

This is where mortgage technology is headed

One day soon, entire lending process will be online
Technology is revolutionizing the way our world thinks, works, communicates and even plays. When it comes to the housing industry, however, it seems to lag a bit behind, but that could all be about to change. Panelists from the MBA conference in Boston chime in on the subject.
Read More

Freddie Mac announces new tools designed to cut mortgage origination costs

Enhancements to Loan Advisor Suite could help lenders' bottom line
Not to be outdone by Fannie Mae’s announcement that it plans to offer lenders “Day 1” representation and warranty relief, Freddie Mac announced Monday that it is planning a series of enhancements to its Loan Advisor Suite designed to cut mortgage origination costs for lenders.
Read More

Fannie Mae announces sweeping program for mortgage lender "freedom" from penalties

Using Fannie Mae tools for underwriting, appraisals shields lenders from buybacks
Fannie Mae announced that lenders using its Desktop Underwriter and Collateral Underwriter tools will be shielded from buyback risk from the GSE under certain conditions. Fannie Mae's "Day 1 Certainty" program helps lenders address risk up front in underwriting and property appraisal and inspection so that they can lend with confidence, Timothy Mayopoulos, president and CEO of Fannie Mae, said at the Mortgage Bankers Association conference today. 
Read More

China Oceanwide buying Genworth Financial for $2.7 billion

Company plans to "strengthen" mortgage insurance business
Private mortgage insurance is booming right now, and one of China’s largest companies wants in. China Oceanwide Holdings Group announced Monday that it plans to buy Genworth Financial, one of the U.S.’s largest mortgage insurers, for $2.7 billion. Here's more on the deal and why the companies feel it's a win for both parties.
Read More

Speakers at MBA Annual focus on 3 changes coming to housing

Get on the bus or get left behind
The Mortgage Bankers Association opened conference activities with a talk to the industry, explaining some of the changes taking place. So who is renewing their call for a housing policy director at the White House, in order to represent the needs of the housing industry in Washington? Click here to find out.
Read More

Altisource Origination Services rebrands as Trelix

Will launch new tech platform in 2017
Altisource Origination Services announced today it is leaving the Altisource name behind, and rebranding itself as Trelix. The name change is more than just a name change, according to the company president, who calls it the next step in the company's evolution. The company will also make another announcement in 2017 introducing its new technology platform.
Read More

Ellie Mae launches Encompass lending platform and Connect suite of solutions

TPO Connect designed to optimize wholesale and correspondent channels
"Lenders see opportunities every day where they could build on top of solutions we provide," said Joe Tyrrell, executive vice president at Ellie Mae. "By taking a platform approach we've unlocked the opportunity for them to use APIs to take advantage of those opportunities to build out solutions quickly."
Read More