Origination news

JPMorgan Must Face Dexia's Mortgage Suit, Judge Rules

Brian Browdie | May 21

A federal judge has revived a lawsuit that charges JPMorgan Chase with misrepresenting the quality of loans that backed securities sold to a Belgian bank.

Regulation

Risk Management

Reduced Investor Concern Over Fed Doesn't Help Mortgage Stocks

Brad Finkelstein | May 21

While the Federal Reserve will not scale back or exit its bond purchase program, the Mortgage Industry Equity Composite saw just seven stocks close higher and 10 lower on Tuesday.

REO

Fannie, Freddie Provide Mortgage Relief to Oklahoma Tornado Victims

Evan Nemeroff | May 21

Both Freddie Mac and Fannie Mae are providing relief policies for borrowers who have been affected by the devastating tornado that struck Oklahoma and other nearby states.

Risk Management

REO

Accurity Valuation Adopts ACI Appraisal Technology

Evan Nemeroff | May 21

Accurity Valuation has adopted new software that allows the company to organize and streamline the production and distribution of its appraisal reports.

REO

Technology