At the MBA Tech Show, Fannie Mae has contributed a new patent to MISMO under the MISMO Intellectual Rights Policy so that it may be used by the industry on a royalty-free basis. The SMART Doc specification was originally licensed to MISMO in 2002 by Fannie Mae. This new patent defines processes for validating the view and data sections of a SMART Doc with automated systems. The process enables true "lights-out" post closing and certification.
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.
Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
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.
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.
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.
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
