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Freddie Mac has published a list of companies that meet its requirements regarding the creation, signing and storage of electronic promissory notes.
The election results will only intensify factors making competition with bank lenders more difficult, including the effect of interest rates as well as the regulatory environment.
Personal information for roughly 480,000 people was exposed in two separate privacy incidents earlier this year involving the U.S. Department of Housing and Urban Development's website.
While nonbank servicers are expected to continue to gain greater market share in 2017, much of that growth will come from their own loan origination activity rather than mortgage servicing rights purchases and subservicing, according to a report from Fitch Ratings.
The Federal Communications Commission has denied a request to exempt servicers from getting consent before robo-calling borrowers' mobile phones, rejecting arguments that the waiver would enable the mortgage industry to better help delinquent borrowers.
Experian, like fellow credit bureaus TransUnion and Equifax, is now offering trended credit reports to lenders that originate single-family loans.
Facebook has disabled so-called ethnic affinity filters from housing, credit and employment advertising following mounting criticism that the practice allowed marketers to discriminate against minorities in violation of fair housing and civil rights laws.
Banks have been waiting on Justice Department guidelines on how to make their websites compliant with the Americans with Disabilities Act, but many are being advised to take action now or face lawsuits from disabled customers.
Donald Trump’s stunning upset in the presidential race is likely to embolden his followers to push for changes to Internet law that could significantly alter how financial technology is conceived, built and delivered to market.
Fannie Mae's new representation and warranty relief offers lenders a long-awaited incentive to use its automated loan validation technology. But is it enough for lenders to make the necessary technology updates and process changes to implement the tools?
Can some of the top names in mortgage lending outdo online lending startups in head-to-head competition? We're about to find out. Wells Fargo, Quicken Loans and SunTrust have all entered the digital lending business, putting early entrants on the defensive.
Bethpage Federal Credit Union, Holston Methodist Federal Credit Union and United Heritage Credit Union have all selected the FirstClose Report for instant title search, flood certification, valuation and property information tied to mortgage and home equity loan products.
Mortgage brokers were among the companies that received the regulator's warning letters, but brokers are not required to report HMDA data — leading many to suspect mini-correspondents, which straddle the line between broker and lender, were the recipients.
Ellie Mae and Black Knight Financial Services offer mortgage lenders different value propositions so the competitive dynamic between the two companies hasn't changed, said Ellie Mae CEO Jonathan Corr.
The CFPB sent letters Thursday to 44 mortgage lenders and brokers warning them of potential reporting violations related to their mortgage lending activities — infractions the bureau is increasingly pushing lenders to take seriously.
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