Mortgage industry embraces new CFPB mortgage toolkit

Mortgage industry embraces new CFPB mortgage toolkit

Know Before You Owe gets qualified stamp of approval

Did little-known Arizona law start the appraiser death clock?

Gov. Ducey inadvertently hands a victory to AMCs

JPMorgan’s Dimon to Sen. Warren: Hit me with a fine. We can afford it

New afterword from Warren’s book reveals tense exchange
W S

News

Altisource Residential moves to pull more mortgage servicing from Ocwen

Company discusses 2015 plans in call with investors
Ben Lane
Citing a desire to decrease its reliance on a single servicer and diversify its risk, Altisource Residential revealed plans to significantly decrease its commitment to Ocwen Financial in 2015. What does it mean for the future of Ocwen?
Read More

Here are the 3 basic requirements for any real estate company

#1: Pick quality technology
Larry Leon
The real estate market is evolving. Gone are the days of millions of distressed assets waiting to be serviced. What's left? A new emerging real estate market with a heavy focus on technology and compliance versus cost.
Read More

Mortgage industry embraces new CFPB mortgage toolkit

Know Before You Owe gets qualified stamp of approval
Trey Garrison
The Consumer Financial Protection Bureau on Tuesday released a new toolkit that guides consumers through the process of shopping for a mortgage and buying a house, and the mortgage industry thinks it’s a good idea.
Read More

ADP: Employment grows by 189K

Falls below estimates
Brena Swanson
Private sector employment grew by 189,000 jobs from February to March, coming in softer than predictions.
Read More

Auction.com: March to bring exciting spring selling season?

Existing home sales forecast revised higher
Brena Swanson
Thanks to recent strong housing reports, Auction.com revised its March forecast for existing home sales to be slightly higher, giving the market a more positive outlook for the spring selling season.
Read More

Construction spending slips dragged down by drop in homebuilding

Second month of construction decline
Trey Garrison
Construction spending fell for the second month in a row in February, with single-family homebuilding effectively the biggest drag on the total. Here’s what happened.
Read More

Mortgage applications jump a solid 4.6%

Conventional and government-backed purchase apps up
Trey Garrison
March rolled in like a lamb and strode out more like a lion – not exactly roaring, but certainly with more confidence and swagger. Here’s why there was a little roar.
Read More
From HW Magazine

Dodd-Frank fails again

Standard & Poor's shocking mortgage bond fraud
Jacob Gaffney
Ladies and gentlemen, it’s been some time since the mortgage bond world felt shaken to the core. But shaken, right now, it feels, according to several recent conversations I’ve had on the subject.
Read More
From HW Magazine

Programming for Integrated Disclosures

The challenges of drawing compliant, defensible mortgage documentation by Aug. 1
Jonathan Herman
Advancing to the end of the mortgage process and beyond closing, both the Loan Estimate and Closing Disclosure must be compliant (and defensible) to the end investor. Given the ambiguities within so many of the rules applicable to both forms, it is important to have a way to defend the programming logic used to define the output.
Read More
From HW Magazine

High-tech demand: How far behind is the mortgage industry?

Consumers want an easier, tech-assisted process
“Though I hear them repeatedly, today’s remarks made me say yet again, ‘Are you kidding me?!’ The mortgage industry is so far behind in meeting the consumer’s demand for technology, and it appears that there are very few who care. For some to state that technology will simply ‘weed out weak originators’ is reflective of how disconnected the industry really is from technology and the demand of their consumers."
Read More