After months of hearing about Wall Street reforms, former Secretary of State and Democratic candidate Hillary Clinton released her “Breaking Every Barrier Agenda," which outlines intentions to revitalize the economy and includes a substantial housing investment.
Read More »Mortgage Contracting Services Celebrates 30th Anniversary
Mortgage Contracting Services, LLC (MCS), a provider of property preservation, inspections, REO property maintenance, and valuations for the financial services industry, announced that it is celebrating its 30th year of business operations.
Read More »Using an Alternative Scoring Model to Expand the Credit Box
Currently, Fannie Mae and Freddie Mac consider only the FICO scoring model when making mortgage purchase decisions. How much of a difference would it make to the industry if they considered an alternative credit scoring model?
Read More »CalyxSoftware Enhances Its Product and Pricing Engine
CalyxSoftware, a provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders, and brokers, recently announced that it has developed separate versions of its Pricer Product and Pricing Engine for portfolio lenders with their own rate sheets (Custom Pricer) and originators looking for investor pricing supplied by Calyx (Investor Pricer).
Read More »It’s Settled: Morgan Stanley Agrees to Pay $3.2 Billion to Resolve Toxic MBS Claims
The investment banking firm is the latest to agree to a settlement with the government to resolve claims of misrepresenting the quality of mortgage-backed securities sold to investors in the run-up to the crisis.
Read More »Deutsche Chief: Bank is ‘Rock Solid’ Despite MBS Probes and Settlements
The German-based bank agreed to a $1.9 billion settlement with FHFA in December 2013 over claims that the bank defrauded Fannie Mae and Freddie Mac.
Read More »President: A Strong Economy is the Key to America’s Future
As President Obama unveiled his FY 2017 Budget, one theme remained consistent in every part of his speech to Congress and to the American people on Tuesday.
Read More »Primary Residential Mortgage Expands Footprint in Utah
Primary Residential Mortgage, Inc. (PRMI), headquartered in Salt Lake City, Utah, recently announced it has expanded its footprint in Utah with the opening of a new branch in Orem.
Read More »HSBC Agrees to Pay Nearly Half a Billion to Settle Mortgage Abuse Allegations
The Department of Justice (DOJ) announced Friday that HSBC Bank has reached a settlement with several federal agencies and almost every state attorney general regarding "mortgage origination, servicing, and foreclosure abuses."
Read More »Existing Homeowners Are Not Taking Advantage of Historically Low Rates
Mortgage rates are at historic lows, which may seem like perfect opportunity for homeowners to refinance. Why are they not jumping at the chance?
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