James R. Follain has been named senior vice president for mortgage valuation at Fidelity National Information Services' Hansen Quality, a provider of automated valuation, collateral risk, and appraisal review products based in Jacksonville, Fla.Mr. Follain will be responsible for building statistical models that assess the probability of mortgage default and estimate how much money the lender or investor would lose if the loan were to default, the company said. Mr. Follain, who has nearly 30 years of experience in mortgage finance and analytics, was most recently senior economist at the Federal Reserve Board, where he analyzed mortgage provisions of the Basel II Accord. Before that, he served as senior director of capital management and policy, single family capital development at Freddie Mac.
-
Credit risk transfers, a means by which banks can move risk off their balance sheets, earned considerable bipartisan support in a House Financial Services subcommittee hearing Wednesday.
5h ago -
The addition of HELOCs at SoFi comes alongside the launch of a new advisory group, as the company heightens its focus on real estate lending.
5h ago -
The enterprises also still plan to add FICO 10T but the release of the historical data stakeholders in their market can use to assess it has taken longer.
5h ago -
Builder mortgage units saw Q1 profit slides (NVR down 17%) despite an 11% rise in new home loan applications. Overall homebuilder net income dropped, and sales incentives remain high.
6h ago -
Toll Brothers' purchase of Buffington Homes of Arkansas will extend its national outreach with a strong presence in northwest Arkansas, the company said.
7h ago -
Treasury Secretary Scott Bessent on Wednesday defended cuts to the Community Development Financial Institution Fund in the president's 2027 budget, telling the Senate Appropriations Committee that the program had pursued a "partisan wish list."
7h ago










