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Journal

Cloudvirga Partners with Radian Guaranty for Streamlined Processes

Cloudvirga™, a provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the Mortgage Platform®, has partnered with Radian Guaranty, a subsidiary of Radian Group, to deliver instant and accurate mortgage insurance (MI) rate quotes and streamline the ordering of MI certificates ...

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Tracking the Progress of GSE Single Security

Since 2012, Fannie Mae and Freddie Mac have been working with the FHFA to create their common securitization platform (CSP) in order to manage the GSE’s securitization activities. These will eventually include the issuance of a single mortgage-backed security by ...

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BCFP Amends Consumer Privacy Regulation

The Bureau of Consumer Financial Protection (BCFP) has announced an update in legislation aimed at easing the burden on financial institutions and reducing the risk of consumer confusion. Through Regulation P, legislation has been updated that amends the Gramm-Leach-Bliley Act, ...

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Finding a Home in this Day and Age

affordability

A recent report from Trulia questions the effect of your neighbors’ age on local home price and home buying opportunities. The report states that studying the ages of the people surrounding your neighborhood—or your perspective neighborhood—can give you a sense ...

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ALAW Announces Merger With Felty and Lembright

ALAW, a creditors’ rights law firm which provides default, litigation, collection, title, and closing services to the mortgage banking industry, has announced its merger with Cleveland, Ohio based creditors’ rights law firm Felty and Lembright Co., L.P.A. Current Felty and ...

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Before the Next Disaster Strikes

After 2017, a year of natural disasters that racked up nearly $306 billion dollars in total economic losses, organizations in the mortgage and housing industry are taking heed and proceeding into the 2018 disaster season and beyond with caution and ...

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Mr. Cooper Finalizes Merger, Emerges Nominal Champion

The acquisition of Mr. Cooper (formerly Nationstar Mortgage), the Coppell, Texas-based mortgage servicing company, has completed its merger with the formerly owned Washington Mutual Bank, Seattle-based WMIH Corp. WMIH Corp. was formerly Washington Mutual Inc., the parent of Washington Mutual ...

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Recapping the Repeal of Outdated Legislation

Stern & Eisenberg, a regional firm servicing New York, New Jersey, Pennsylvania, Delaware, West Virginia, Maryland, Virginia, North Carolina, South Carolina, Georgia, Tennessee, Alabama, and the District of Columbia. A recent decision from the Maryland Court Of Appeals overruled the ...

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Fannie Mae Reaches Out to Borrowers in Wildfire Zones

The numerous California communities hit hard by recent desolating—and spreading—wildfires can get at least a semblance of relief from Fannie Mae in the form of mortgage assistance, the GSE reminded borrowers in a statement. Under the GSE’s guidelines for single-family ...

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Florida Court Deflates Balloon Payment Plan

The Southern District of Florida (Federal Bankruptcy Court) issued a memorandum opinion addressing two debtors’ proposed chapter 13 plans, both of which included a balloon payment to their respective mortgagees in the final month of the plan. In re: Dora Benedicto, and In ...

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