Condominium associations cannot afford to take on the potential legal risk that reporting delinquent borrowers to the credit bureaus would bring.

Necessity, as they say, is the mother of invention. Unfortunately, it's taken years of widespread regulatory upheaval for mortgage servicing to find it necessary to start thinking about technology innovation.

Servicers have long skimped on technology investment, leaving legacy systems that can't keep pace with compliance demands. But rising costs and a new round of regulations are compelling both servicers and vendors to finally address these deficiencies.

The single-director structure of the Consumer Financial Protection Bureau represents an unconstitutional concentration of executive power, a federal appeals court said Tuesday. But the court stopped short of disbanding the agency, instead giving the president more power to remove its leader.

First American Financial Corp. has acquired post-closing services and document management technology provider TD Service Financial Corp.

Companies in the path of the storm have battened down the hatches, as others have prepared for the impact the hurricane could have on home sales and loan servicing in the weeks to come.

Cybersecurity precautions often focus on preventing a data breach. But what if those precautions aren't enough? Here's a look at steps lenders and servicers can take now to prepare their response in the event of a catastrophic data breach.

Automated underwriting and compliance services provider LoanScorecard has released a new product and pricing engine for portfolio lenders and originators.

Xerox Mortgage Services will change its name as it becomes a part of Conduent, the company that will incorporate Xerox's business process outsourcing division.

With the myriad home price indices available to the mortgage industry, it's difficult to determine which offers the most cost-effective insights about a particular market. Granularity is a key selling point, but not a one-size-fits-all solution.

Converting millennials from renters to homeowners is proving difficult, but here are steps lenders can take to get this generation on board with buying.

Two decades of experience with offshoring has shown that shifting operations work from knowledgeable, local workers to people in another country with oftentimes limited training comes with risks — of errors, of misunderstandings and of security lapses.

United Wholesale Mortgage has rolled out a new tool that allows mortgage brokers to receive automated income verification.

Multichannel loan origination system provider OpenClose has added a rate sheet generator to its product and pricing engine.

Artificial intelligence like IBM's Watson may not make bank compliance officers obsolete, but it could mean far fewer of them will be needed in the future, focused on higher-level tasks.

IBM will purchase Promontory Financial Group — a consultancy so influential it has been dubbed the industry's "shadow regulator" — in a move that could extend artificial intelligence into every aspect of banking.

The jury is still out on whether new sports stadiums are economic engines for their communities. But when it comes to housing alone, new stadiums are a boon for local home sales, but don't always contribute to home price appreciation.

Sperlonga Data & Analytics has begun reporting homeowner and condominium association payments and account statuses to Equifax.

Now that Fannie Mae requires trended data credit reports for its automated underwriting system, will other secondary market players follow suit? If so, how soon?

Fannie Mae employees will be working this weekend to update the agency's automated underwriting machine to process trended data for the first time.