News

The National Mortgage Servicing Association is calling for federal agencies to work together in conjunction with the mortgage servicing community to standardize the treatment of vacant and abandoned properties, a known cause of community blight and haven for crime. The organization submitted a report to the leadership of HUD, CFPB, the U.S. Department of the Treasury, OCC, Fannie Mae, and Freddie Mac outlining the problem, proposing solutions, and identifying the benefit of each recommendation for the consumer.

For certain consumers, credit scores could be jumping quite a few points come this fall. The three major credit reporting companies announced they will drop some data from consumers’ profiles, but experts are concerned it could mean bad news for the mortgage market.

As mortgage rates fluctuate, especially in the current market, buyers get a better idea on if it is time to get a mortgage or if they should hold off a little longer. In Bankrate’s mortgage report, they explain what rates are currently, how much the buyer will pay at the current rate, and which mortgage is a good fit for the buyer. Take a look at where rates currently stand.

The mortgage industry’s leading provider of document production announced how it plans on having the majority of its clients fully prepared to meet upcoming GSE requirements for both phases this year.

A recently released home price index shows that the average price of homes is on the rise. Will that trend continue into the future months, or will it falter? Read on to find out.

Recently, in a roundtable event on community blight in Harrisburg, Pennsylvania, a town plagued with hundreds of cases of community blight, Senators and experts met to discuss possible solutions. What steps can be taken to curb the disastrous effects of blight? Read on to see three video clips showcasing the highlights of the meeting.

Simplifile has extended its industry-leading e-recording network to include 21 additional recording jurisdictions across the southern United States. Settlement agents in these jurisdictions can now electronically submit documents directly to the county recording office via Simplifile’s secure e-recording service. Within minutes, county recorders can review, stamp, record, and return documents electronically through the Simplifile system.

FormFree recently announced that Guaranteed Rate, Inc. has selected AccountChek by FormFree for automated asset verification. In using AccountChek, loan officers at Guaranteed Rate will be able to offer their clients a faster, safer, and more accurate alternative to scanning and uploading asset statements.

The future of many companies—success or failure—could be decided by one specific characteristic, and it’s not in margin increase or hedging profitability. It’s whether or not companies are committed to entering the diverse minority lending markets.

One area that is too often neglected when it comes to the vendor due diligence process is the prospective partner’s document signing protocols. Companies that don’t take document compliance seriously face high risks. Firms must have a well-designed and compliant system in place to best service their clients.