VMP Mortgage Solutions has unveiled Version 2.5 of its SMART Document viewer, which it is touting as the first tool to demonstrate the three aspects of MISMO-defined Level 1 SMART Docs.The three aspects are: the view tab that shows the actual document populated with data; the data tab that presents the raw data; and the Extensible Markup Language tab that presents the XML construct. (SMART stands for securable, manageable, archivable, retrievable, transferable.) The announcement was made at VMP's user conference in Las Vegas. "We're very happy that they have stepped up to the plate, put in some development dollars for the viewer, and made it available to the industry," conference attendee Gabe Minton, who oversees the Mortgage Industry Standards Maintenance Organization at the Mortgage Bankers Association, told MortgageWire. VMP senior principal Roger Gudobba said VMP has offered the viewer to the MBA's MISMO committee to use as it sees fit. Version 2.5 of the view will be presented in March at the MBA Technology Conference in Phoenix.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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