Fannie Mae will continue to convert its existing technology to a completely Web-based platform in an effort to upgrade its old DOS-based technology, Mortgage Wire learned at the MBA's Secondary Market Conference and Expo in Washington, D.C.Fannie Mae began the process in 2002 with the release of an electronic committing application. Going forward, Fannie Mae will test delivery technology products and servicing technology products on a Web-based platform. At present, Fannie Mae has repositioned its cash remittance product on the Web. This application is expected be available in the month of June to those clients that want to transition. Rollout dates for the larger milestones within this technology initiative were not disclosed. However, Fannie did say that no major technology announcements are expected this year.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
April 19 -
Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
April 19 -
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
April 19 -
The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
April 19 -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
April 19 -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18