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Ellie Mae reported that Alpana Kapoor, senior director application engineering, and Eric Connors, senior vice president of product strategy and management, have been named as HousingWire's 2019 Tech Trendsetters. 'It's [...]

Ellie Mae reported that Ellie Mae Encompass Investor Connect, which provides automated delivery and receipt of both data and documents directly from the lenders' system of record to correspondent investors, [...]

Making mortgage loans for condo purchases is kind of tricky business. But some new players have come on board with tools to simplify things. The standard line about condominiums is [...]

Byline: Bonnie Sinnock The lenders Quicken Loans, Citizens Bank and Better Mortgage are refinancing loans using Airbnb income as part of a pilot project with Fannie Mae. This marks the [...]

OK, I admit it. I love old movies--especially those that pushed the envelope for their time, with characters brought to life by actor talent rather than computer enhancement, and scripts [...]

The mortgage meltdown continues to negatively impact every element of the industry, as well as the economy. It's no surprise that some of the bad apples who caused this mess [...]

Fannie Mae CEO Michael J. Williams discusses the role of Fannie Mae in the market and the lessons that were learned from the housing crisis to strengthen the mortgage and housing markets. Williams says there is a need increase sustainability, affordability, stability, and transparency in the housing market.

In February 2009, a portfolio of seven office buildings owned by Younan Properties Inc., Woodlands Hills, California, transferred into special servicing, reported Bethesda, Maryland-based CoStar Group Inc.; in October, seven [...]

In just one year, mortgage servicers have helped hundreds of thousands of borrowers stay in their homes by offering them some kind of loan modification, or at least a trial [...]

All recessions are temporary,' notes Beacon Economics LLC, Los Angeles, in a September 2009 forecast. 'They result when changes in the structure of an economy happen too rapidly for smooth [...]

What keeps mortgage shoppers awake at night is an overwhelming sense of confusion, fear and general mistrust of lenders. So much is at risk for consumers if bad decisions are [...]

At a time of crisis in the U.S. residential mortgage industry, surviving lenders are understandably preoccupied with containing the damage. In addition to working through a growing book of problem [...]

Now more than ever, utilizing multiple property valuation techniques--both traditional and non-traditional--is essential for sound collateral assessment. Especially in light of the recent crash in the housing market and unprecedented [...]

Historical trends in foreclosure activity are a function of both prevailing underwriting quality and economic conditions. This look back at foreclosures from 1979 through the present reveals how economic conditions [...]

The subprime lending frenzy of recent years has left the mortgage industry buried under a heap of rubble, where it is still searching for a stronger foothold upon which to [...]

Serious delinquencies are up, Uncle Sam is writing loan-modification rules, the economy is toppling the financial foundations of your prime borrowers and credit counselors over at HOPE NOW are sending [...]

The numbers are staggering. In the first quarter of 2009, foreclosure actions were initiated on 1.37 percent of first mortgages nationwide, according to the Mortgage Bankers Association (MBA). That's a [...]

As mortgage lenders negotiate one of the most difficult environments in decades--one in which capital, credit and cost-cutting are dominating C-suite agendas--the presumably 'softer' and more discretionary customer satisfaction imperative [...]

It was the sort of thing our parents drummed into our heads: Quitters never win, and winners never quit. * Yet few relationships--professional, personal or otherwise--are as complicated as the [...]

Farmers introduced the original cooperative concept in the 18th and 19th centuries to pool resources for economic protection and to leverage their size to get better pricing on supplies. Other [...]

By all indications, the extraordinary pace of loan-modification activity that hit new levels last year will continue--and even accelerate--throughout 2009 and probably into next year. The economy is still very [...]

When you look around Michael Ashley's extensive office, many fascinating items attract your attention. One in particular catches your eye almost immediately. It's the seared auto-racing suit he wore when [...]

The unprecedented decline of the U.S. housing market has dealt a lethal blow to many in the home mortgage industry, but the market's woes could work to the long-term advantage [...]

Mortgage Banking's readers represent a broad cross-section of lenders and others affiliated with the mortgage lending industry. They include banks and savings banks; bank and holding company mortgage lending and [...]

Commercial mortgage bankers and their borrowers are struggling with how to effectively deal with maturing loans in commercial mortgage-backed security (CMBS) transactions. A dearth of financing alternatives is available to [...]

With the announcement of the details of the Obama administration's Making Home Affordable Program on March 4, 2009, it is clear that the federal government will rely on loan modifications, [...]

One of the problems with the American housing market today is that hundreds of thousands of subprime and non-sub-prime borrowers are in a negative-equity position. Equity, as we all know, [...]

This year's Mortgage Banking Technology All-Stars have one thing in common. They're the industry professionals who transformed eMortgages from an idea into a product. *** Collectively, they've been the Sisyphus [...]

Think you're busy? Over the past year, the HOPE NOW phone line has rung more than a million times. As the executive director of Washington, D.C.-based HOPE NOW, an alliance [...]

A basic cause of the current financial crisis was the mandate from the U.S. Congress to the Federal National Mortgage Association (Fannie Mae) to increase its support of low-income housing. This mandate led to a lowering of lending standards, which encouraged home buyers to spend beyond their means. The problem was aggravated by novel, obscure, highly leveraged financial instruments that were not well understood by either lenders or borrowers. At least two steps are required for the solution to this crisis: (1) Congress should instruct Fannie Mae that the safety of the financial system must take priority over the objective of providing low-income housing, and (2) this article's 'modest' proposal for bringing transparency to the tangle of financial instruments should be implemented.

Byline: Kate Berry The performance of mortgages held by the top banks was largely unchanged from a year ago with 95% of loans current and performing at the end of [...]

Byline: Elina Tarkazikis Conforming loan limits for mortgages bought by Fannie Mae and Freddie Mac will increase for the second consecutive year in response to the rapid rise in home [...]

National Credit-reporting System (NCS) is now an authorized report supplier of 4506-T tax return verification (TRV Services) through the Desktop Underwriter (DU) validation service, a component of Fannie Mae's Day [...]

Fiserv reported that LoanComplete from Fiserv has been verified for Uniform Closing Dataset (UCD) delivery to Fannie Mae and Freddie Mac Loan Closing Advisor ahead of the government-sponsored enterprises' (GSE) [...]

Byline: Brian Collins WASHINGTON -- Economists at the Federal Reserve are suggesting an intriguing new alternative to the traditional 30-year fixed mortgage that could be better for consumers, more profitable [...]

Digital Realty reported the closing of a $135 million 10-year mortgage on the Westin Building Exchange, an internet exchange for the Pacific Northwest in Seattle, Washington, which is owned in [...]