Ginnie Mae ditches paper and goes eMortgage

Ginnie Mae ditches paper and goes eMortgage

Electronic filing to start very soon

Fannie Mae offers new suite of HomePath financing

Goodbye HomePath Mortgage and HomePath Renovation

CNBC video: Home shortage could be due to real estate agents

Pocket listings drag down inventory?
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The Ticker

Google workers disturb homeowners' peace

Google said it responds to complaints
July 23, 2014
Google Fiber contractors are supposed to leave property in the condition they found it or better. According to local press in Kansas City, this isn't always the case.
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IMA oversees $1B MSR portfolio, mortgage banker sale

Fannie, Freddie, Ginnie approvals in good standing
July 22, 2014
IMA is overseeing the sale of a Northeast mortgage banker that has retail/wholesale originations and a $1 billion mortgage-servicing rights portfolio with Fannie Mae, Freddie Mac and Ginnie Mae approvals in good standing.
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Credit Suisse scores again in second BlackRock RMBS sale

Pool was acquired from UBS in 2008
July 22, 2014
Credit Suisse on Tuesday won two separate bids for a combined $4.4 billion pool of legacy residential mortgage-backed securities sold by BlackRock.
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Altisource acquires Mortgage Builder, expands technology reach

Follows recent Equator acquisition
July 22, 2014
"The addition of Mortgage Builder's loan origination, servicing and electronic document management software enhances Altisource's current portfolio which provides customers with one of the most comprehensive real estate and mortgage lifecycle management platforms and services marketplaces available," William Shepro, CEO of Altisource, said.
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HUD audits BB&T over government-backed loans

Bank sets aside reserves of $53 million
July 22, 2014
BB&T is under the scrutiny of the U.S. Department of Housing and Urban Development while the housing authority looks into the bank's sales of government-backed loans.
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Kofax launches Mortgage Agility to streamline application process

New solution lets borrowers upload application data from mobile devices
July 22, 2014

Mortgage Agility allows borrowers to upload mortgage application data though mobile devices, then extracts that information and assembles it into a complete mortgage application package that integrates directly into loan origination systems.


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CIT Group, OneWest Bank merge, boost capital position

Grows assets to $67 billion
July 22, 2014
"This transformational transaction will combine CIT's national middle market lending platform with OneWest's wholesale lending and branch banking franchise to create a unique provider of retail and institutional financial services," said John Thain, chairman and CEO of OneWest.
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Understand when TILA-RESPA tolerances can change

If consumers choose service provider, all bets are off
July 22, 2014
There are circumstances where charges on the Loan Estimate form may change without any violations to the “tolerance” thresholds.
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Real Estate Strategies launches low-balance mortgage solution

Closes sale of more than 1,300 mortgage notes
July 21, 2014
Real Estate Strategies, a brokerage firm, closed the sale of more than 1,300 mortgage notes with an average unpaid balance of $75,000, with a new solution that is designed to address lower balance mortgages.
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People who live in unhappy cities get better housing

Build a better castle to keep the unhappy out?
July 21, 2014
People stuck in unhappy cities get compensated in the form of better housing, or so says a new study. Considering that a large portion of New York housing is smaller than a typical Texas family room, it’s not clear what the compensation is for The Big, Unhappy Apple.
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