CoreLogic bet on property valuations pays off big time

3Q earnings are in and they are pretty
Third quarter reported revenues totaled $524 million compared with $386 million in the same 2015 period. That year-over-year increase of 36% is driven primarily by its valuation solutions business, which started booming back in the second quarter.
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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. 
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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.
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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.
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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.
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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."
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Monday Morning Cup of Coffee: Everything you need to know at MBA Annual

HousingWire covers all the bases
Monday Morning Cup of Coffee this week gives a preview of our industry's biggest conference: the Mortgage Banker's Association annual gathering starting now in Boston. We'll still report regular news as we get it and give you everything you need to stay up-to-date for the next few days. 
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FHFA pivots to affordable housing, single-family rentals

Renewed focus on those left behind in recovery
At the Mortgage Banking Association's annual conference today, FHFA Director Mel Watt recounted a number of items the agency accomplished in the wake of the financial crisis before signaling the agency's focus for the next year: expanding affordable housing, including single-family rentals.
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How optimizes your disposition strategy

The company's 4 guiding principles for success
Whether you are trying to minimize the credit losses associated with a foreclosure, or trying to maximize the return on a real estate portfolio investment, the decision always comes down to one thing: Optimizing the balance between the asset’s sales price with the avoidance of holding expenses.
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