Considered the second most important job in the Federal Reserve system, the search for replacing New York Fed Chair William Dudley is on. See the names in contention.
Read More »NCS Approved by Fannie Mae And Announces New Leadership
National Credit-reporting System, Inc. (NCS ), a verification solutions provider within the mortgage lending realm, recently announced that it is now an authorized report supplier of 4506-T tax return verification (TRV Services) through the Desktop Underwriter (DU) validation service, ...
Read More »Matic Insurance and Mr. Cooper Announce $7M Funding Round
Matic Insurance Services (Matic), a digital insurance agency whose technology enables borrowers to purchase homeowner’s insurance during the mortgage transaction, announced today it has raised $7 million in a Series A funding round, led by Mr. Copper, and leading insurance ...
Read More »ReverseVision Announces New Partnership
ReverseVision, a provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, has recently announced a new partnership with Premier Reverse Closings (PRC), a title and settlement firm specializing in reverse mortgage closings. According to ReverseVision, the ...
Read More »The Week Ahead: Delving Into Economic Opportunity
On Wednesday the Urban Institute and Citi Foundation will co-host an event promoting innovative strategies to aid poverty and help housing markets transform into a place of economic opportunity. See how to be a part of the event and what’s to come in The Week Ahead.
Read More »Winner Announced: Fannie Mae’s Non-Performing Loan Sale
Fannie Mae disclosed the results of its 11th non-performing loan sale recently. The deal includes 7,500 loans totaling and unpaid principal balance of $1.23 billion—representing one of the highest bids to date.
Read More »FDIC Continues a Complaint Against Banks’ RMBS Practices
According to a recent report, the Federal Deposit Insurance Corp. is continuing to push its complaints toward Alabama’s Colonial Bank and its affiliates for allegedly selling risky RMBS.
Read More »Nation’s Capital Experiencing Record Housing Growth
The nation’s capital and its surrounding are experiencing growth in sales, prices, and other key market factors.
Read More »Is Peer-to-Peer Lending the New Subprime Mortgage?
A new report by the Federal Reserve Bank of Cleveland examines the myths around peer-to-peer lending, and draws a concerning link between the P2P market and the rise of subprime mortgage defaults seen pre-2007.
Read More »House & Senate Face Off, Mortgage Interest Deduction on the Line
GOP leaders in the House and Senate both pushed forward their own versions of a tax reform plan on Thursday. See where the key differences lie.
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