Once upon a time, balance-sheet lenders walked the earth. These were slow, bulky creatures burdened with pouches full of loans, including both the first-mortgage and [read more]
Anyone who regularly visits mortgage news Web sites like this one or reads trade publications is likely very familiar with two of the industry's [read more]
When Scott Thomson encounters news on the crises facing the housing and mortgage markets, it is a subject where he has no firsthand knowledge. As [read more]
Companies that offer "buyer protection plans" to help borrowers - the highly distressed and slightly distressed alike - walk away from their homes have been [read more]
Loss mitigation has never been easy, and it's even more difficult in today's servicing environment. Moreover, industry experts say subprime and U.S. Department of Housing [read more]
While the mortgage lending community and the borrowing community work on divvying up fault and responsibility for the mortgage crisis, various government-affiliated individuals and groups [read more]
As the ripple effects from the subprime mortgage crisis continue to make front-page news, the short- and long-term ramifications for commercial real estate developers are [read more]
This week, MortgageOrb takes a view of the industry from the broker's side of the equation. Our person of the week is Don Romano, president [read more]
Coming up in the next edition of Secondary Marketing Executive is an overview of the launch of a U.S. covered bond market. That proposal was [read more]
Going paperless isn't a new concept for the mortgage industry. The promise of the e-mortgage has many lenders jumping on the imaging bandwagon. However, many [read more]
The Federal Housing Finance Agency (FHFA) has transmitted to the Federal Register a Notice of Establishment of a New Independent Agency. This provides formal public [read more]
Columbia Bancorp says it will exit the mortgage lending arena with the closure of subsidiary Columbia River Bank's Mortgage Banking Team. The move will affect [read more]
Freddie Mac has sent to servicers a reminder of the disaster relief options available to borrowers with Freddie Mac-owned mortgages who were affected by Hurricane [read more]
Residential Credit Solutions (RCS) has been added to Standard & Poor's (S&P) Select Servicer List as a residential subprime and special servicer - the only [read more]
Ocwen Financial Corp. reports that delinquencies on the subprime mortgages it handles flattened or declined this summer, in large measure due to its technology-enhanced loan [read more]
GMAC Financial Services says it will shutter all 200 of its mortgage retail offices and reduce the workforce of subsidiary Residential Capital LLC's (ResCap) by [read more]
First American Field Services and First American Real Estate Tax Service, members of the First American Corporation family of companies, have made available a new [read more]
Chicago Bancorp, a Chicago-based independent mortgage banker, has reduced loan turnaround times by more than 40% with Ellie Mae's Encompass Mortgage Management Solution's Banker Edition, [read more]
Zaio Corp., a real estate database and technology provider, will provide valuation products for Quality Professionals Inc.'s quality control services. Quality Professionals is a post-funding [read more]
idBUSINESS, a provider of information security solutions for small to midsize businesses, has launched the Red Flag Compliance Module. The tool is designed to allow [read more]
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