Compliance & Regulation

Ellie Mae COO Jonathan Corr discusses his outlook for mortgage loan origination system vendors. 

It sounds like a novel idea: set up a mutual fund, load it up with residential loans bought at a discount in the secondary market, and sell shares to a yield-hungry public looking for a better return than the 0.50% that most money market accounts are paying.

Both are great on generalities, but low on specifics.

Second quarter new insurance written strong, but legacy business remains an overhang.

Three state attorneys generals have joined a lawsuit against the Dodd-Frank Act.

The government-sponsored enterprises have made several recent changes to their underwriting guidelines, potentially expanding the customer base on refi products.

A Consumer Financial Protection Bureau’s proposal would provide larger institutions with an incentive for loan officers that smaller community lenders could never match.

FNC Inc. has received a patent for its appraisal score, a move that makes the product the first patented appraisal tool.

An EquityLock Protection contract protects the value of a customer’s home from future local market declines for up to 15 years.