
Ted Cornwell
CorrespondentTed Cornwell has been covering the mortgage business for the past 20 years in the areas of mortgage servicing and technology.

Ted Cornwell has been covering the mortgage business for the past 20 years in the areas of mortgage servicing and technology.
We're hearing MERS is far from done spending time and money defending its right to serve as the official record of who owns mortgages and servicing rights.
We're hearing that the Chinese military may be responsible for attempts to hack into the databases of U.S. corporations, which is starting to rattle some cages in the financial industry, including lenders.
If you want to see what a housing recovery looks like on the ground, its time to visit Phoenix.
We're hearing in the last few years, private equity, hedge funds and Wall Street types have eyed the distressed housing market for buying opportunities.
In the 23 years Ive been following the mortgage finance industry, many proposals have been made to scale back or even eliminate the mortgage interest deduction.
We're hearing bulk sales of REO might not be a panacea for unburdening the industrys huge foreclosed backlog after all.
We're hearing changing rules will likely stifle innovation in mortgage technology development in the near term.
We're hearing that the housing bust isnt the only thing driving an increase in demand for field services like home inspections and maintenance in recent years.
Recent settlements between lenders and regulators over alleged foreclosure abuses and the Consumer Financial Protection Bureaus new servicing rules may do little to lift the cloud of litigation risk hanging over lenders.
Appraisal management isnt such a hum-drum business after all.
While technology startup activity dried up in the wake of the housing crisis, now might a good time to break ground on entrepreneurial ventures.
Theres still an awful lot of damage and debris to be cleaned up in the wake of Hurricane Sandy, with staggering problems for those whose property was in low-lying coastal areas.
Trailing docs can be particularly painful when lenders try to foreclose upon a mortgage default.
The era of Bring Your Own Device is here.
Investor guidelines are becoming an integral part of product and pricing tools.
Lenders that shift to a retained servicing model must make significant modifications to their technology and processes.
New technology and approaches are making automated valuation models more accurate.