Ron Duff of Fiserv Lending Solutions and Nancee Gorenstein of Mortgage Guaranty Insurance Corp. have been re-elected chair and vice chair of the Governance Committee of the Mortgage Industry Standards Maintenance Organization.The organization said it plans to focus on standards advancement, greater outreach to the industry, and an increased number of MXCompliance certifications. The Governance Committee is elected from a cross-section of the real estate finance industry and provides oversight for MISMO's administration and policy development. The committee consists of representatives from 22 subscriber organizations that serve staggered two-year terms. MISMO is a not-for-profit subsidiary of the Mortgage Bankers Association that develops data transfer protocols for the residential and commercial real estate finance industry. It can be found online at http://www.mismo.org.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
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Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
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A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
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The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
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The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
10h ago -
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
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