American Home Mortgage Servicing Inc. (AHSMI) is taking advantage of a new way to ensure compliant, efficient collaboration with its partners. The company recently announced that it would begin using Oracle's WebCenter solutions to manage business processes for all mortgage-related activities with participating third-party loan investors.
Read More »Weichert Turns To Tech for GSE Compliance
Weichert Financial Services is investing in technology, with the recent announcement that the company would begin utilizing a platform from InHouse Inc. to enhance its appraisal processing. Choosing InHouse to facilitate data delivery, Weichert is set to take advantage of fully integrated processing for management of its appraisal-related activities.
Read More »FHFA: Fannie, Freddie May Need $142B More in Taxpayer Funds
The Federal Housing Finance Agency released projections Thursday that showed the GSEs may need anywhere from $51 billion to $142 billion more taxpayer funds over the next few years, even as one Republican lawmaker offered a plan that would siphon federal support for the companies. The scenarios show that the companies will ultimately need to withdraw anywhere from $220 billion to $311 billion from the federal government, a lower estimate for forecasts that originally fixed their needs at anywhere from $221 billion to $363 billion.
Read More »FBR Releases Mixed Third-Quarter Bank Earnings
FBR Capital Markets & Co. has released its third-quarter report on bank earnings, and the results, which showed loan growth among some asset divisions, also indicated that the underlying fundamentals may not be in sync with the full impact such mitigating factors had on valuations during the quarter. Showing sensitivity to debt issues abroad and the current yield curve, findings for 3Q were mixed but pointed in a potentially positive direction for the final quarter of the year. Lending was up and net interest down.
Read More »Obama Refi Proposal Takes Shape in HARP Changes
Federal regulators announced their intentions Monday to expand the Home Affordable Refinance Program available via Fannie Mae and Freddie Mac. Among other modifications, the FHFA said it plans to eliminate a number of risk-based fees for short-term mortgage borrowers, take off the 125-percent loan-to-value ratio for loans guaranteed by the GSEs, and void requirements for new property appraisals in lieu of automated estimates. Market watchers around the industry offered reactions that ranged from skepticism to optimism.
Read More »Interthinx: Case Study Three
In the current mortgage landscape, valuation can be an adventure, but the right strategies and methods can help ensure quality control. To assist professionals navigating today's valuation concerns, MReport tapped Interthinx's chief valuation officer, Mark Chapin, IFA, for his expert opinion, which we included in our publication's October issue. Today, we're sharing his exclusive article and related case studies, as we examine a critical component of the mortgage marketplace. Please review Chapin's full article on TheMReport.com.
Read More »Interthinx: Case Study Two
IIn the current mortgage landscape, valuation can be an adventure, but the right strategies and methods can help ensure quality control. To assist professionals navigating today's valuation concerns, MReport tapped Interthinx's Chief valuation officer, Mark Chapin, IFA, for his expert opinion, which we included in our publication's October issue. Today, we're sharing his exclusive article and related case studies, as we examine a critical component of the mortgage marketplace. Please review Chapin's full article on TheMReport.com.
Read More »Interthinx: Case Study One
In the current mortgage landscape, valuation can be an adventure, but the right strategies and methods can help ensure quality control. To assist professionals navigating today's valuation concerns, MReport tapped Interthinx's chief valuation officer, Mark Chapin, IFA, for his expert opinion, which we included in our publication's October issue. Today, we're sharing his exclusive article and related case studies, as we examine a critical component of the mortgage marketplace. Please review Chapin's full article on TheMReport.com.
Read More »Interthinx: Are Valuations Tempting Fate?
Appraisers are faced with challenges on many fronts that require skills well beyond the ability to analyze three comparable sales; Mark Chapin shares his expert advice.
Read More »Existing-Home Sales Decline by 3% in September
Still-tight credit and failed contracts helped scuttle more hopeful forecasts for total existing-home sales, which fell by 3 percent this month according to NAR's survey.
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