AMCs Generally Receptive To Proposed 'Minimum Requirements' Rule

The rule would require all AMCs that operate in states that have supervisory programs to register in those states and to allow those states to have authority over their licensing.

Major Metros Showing 'Early Signs' Of A Housing Bubble

Among the 35 largest metros nationwide, more than half of homes currently listed for sale are considered unaffordable by historical standards, according to a recent report from Zillow.

Waters Introduces Yet Another Housing Finance Reform Bill

But unlike the other three bills now before Congress, Waters' proposal calls for replacing Fannie and Freddie with a cooperative of lenders that would be the sole issuer of mortgage-backed securities guaranteed by the government.

OIG: Property Preservation Companies Need Better Controls

A recent OIG audit revealed that there are numerous problems plaguing the property preservation business, not the least of which is the submission of false or erroneous property inspection reports on the part of sub-contractors.

Carrington Mortgage Marches Boldly Into The 'Nonprime' Realm

Lender plans to service all of the nonprime loans it originates in-house. What’s more, all will be QM loans meeting agency guidelines.

Despite the fact that the spring home buying season has arrived, builder confidence in the market for newly built, single-family homes was relatively flat in April compared to March, [Read More]

Loan origination system (LOS) provider Ellie Mae reports that the recent network outage that affected its customers two weeks ago was not due to a distributed denial of service [Read More]

Six important questions you need to ask about your compliance process. Click to download the buyers guide._id1144

From The Orb

PERSON OF THE WEEK: J.P. Kelly is president of loan origination system (LOS) and pricing engine provider OpenClose. MortgageOrb recently interviewed Kelly to learn more about the changes and [Read More]

PERSON OF THE WEEK: Jim Silva is CEO and president of EMC2Data, a global provider of storage, data protection, security, infrastructure management and workflow solutions to the financial services [Read More]

Fenway Summer, the advisory and venture firm launched last year by former Consumer Financial Protection Bureau (CFPB) Deputy Director Raj Date, is gearing up to move into the "non-qualified-mortgage [Read More]

The Consumer Financial Protection Bureau (CFPB) needs to improve the efficiency of its program for supervision of banks and non-banks, the Office of the Inspector General (OIG) says in [Read More]

BLOG VIEW: In case you didn't hear, loan origination system provider Ellie Mae's network went down for more than 24 hours starting on March 31 and into April 1, [Read More]

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