Art the LOS vendors bnehaving?(Cyberthoughts)
The loan origination system (LOS) has been around since 1982. At
this point, it's not only mature; it's just old. Still, I have
a lot of complaints. I've often dreamed about how an LOS . . .
Industry technology in interesting times.(MISMO Memo)
"May you live in interesting times."
Though it sounds at first like some sort of blessing, this saying
is the English translation of a mild curse from ancient Chinese.
According to Wikipedia, . . .
The rush to vanilla.(Download This)
There is much change afoot in the mortgage industry--not the least
of which is in the origination technology sector. Projects are having
scope reductions, being deferred or cancelled altogether. . . .
eMortgage servicing update.(The Pace of the
Future)(Column)
There have been watershed events occurring in eMortgage servicing,
including successful foreclosures against eNotes.
When I was first introduced to the concept of eMortgages in the
1990s, one of . . .
Hot and cold markets.(Statistical table)(Brief article)
Top 10 Gainers in Loans Closed
(April 2008-May 2008)
Rank State % Change
1 Kansas 12.7%
2 Vermont 7.2%
3 Nebraska 1.4%
4 West Virginia . . .
Kelli Himebaugh.(Techy People)
Kelli Himebaugh has been named sales manager, based in Phoenix, for
the new western division of Southfield, Michigan- based Mortgage . . .
Janice L. Butler.(Techy People)
Janice L. Butler has been named vice president of compliance for
Guardian Mortgage Documents (GMD) in Lake-wood, . . .
Jack McGovern.(Techy People)(Cyberhomes Media Group appoints
Shiraz Vartanian and Paul Simos)(Brief article)
Jack McGovern has been named vice president of sales, Paul Simos
has been named vice president of business development and publisher
networks, and Shiraz Vartanian has been named vice president . . .
Fred Melgaard.(Techy People)
Fred Melgaard has been named executive vice president of DRI
Management Systems in Newport Beach, . . .
The wallet.(Survey)(Brief article)
According to estimates from the MBA/STRATMOR Peer Group
Survey--conducted by the Mortgage Bankers Association (MBA) and The
STRATMOR Group--gross annualized mortgage technology spending for . . .
The fraud file.(Statistical table)
By Interthinx[TM]
TOP 10 'HOT SPOTS' FOR SECOND-QUARTER 2008
(For states with more than 2,000 total submissions for the quarter)
State Loans with Employment Identity Occupancy
. . .
Technobabble.
Let's just talk a little bit about Facebook[R]. A press
release I have on my desk says it's the "sixth-most trafficked
website in the United States." No surprise to anyone with a teenage
child, . . .
The promise and perils of reverse mortgages.(Origination
Strategies)
With the FHA commissioner whispering in one ear and the former
president of Ginnie Mae whispering in the other, it's hard not to
get excited about reverse mortgages. In fact, 55,218 Home . . .
An outbreak of oridinances: the servicing industry is working
with local governments to help shape sensible ordinances for deali
As the volume of foreclosures increases across the country, so do
the numbers of vacant properties. Vacancies aren't just a problem
in major cities; they're a growing problem in suburban and . . .
Rethinking the default landscape: the industry has endured waves
of defaults before. But this time, things are a bit different.
The default servicing industry has witnessed tremendous change over
the last two decades. Twenty years ago, the life span of a delinquent
loan was much shorter than it is today. In those days, . . .
More than one crisis; A combination of forces brought the
mortgage and credit markets to their current cross-roads. A gathering
Today's mortgage crisis is really more a series of crises
affecting different levels of the mortgage market--from origination to
mortgage-backed securities (MBS) investment. * Several corrections . . .
Between a rock and a hard place: waves of foreclosures and
falling house prices are aggravating the progress being made by
servi
When besieged by a stormy sea, deck hands can only do so much
against nature's force and the manufactured limits of their craft.
* So it is with mortgage servicing professionals encircled by . . .
Calendar of events.(bank meetings)(Calendar)
Augest
August 2008
Aug. 3 - 6 American Society of Appraisers (ASA) international
Appraisal Conference, Minneapolis
[www.appraisers.org/conferences . . .
Thomas Inserra--CEO, Zaio Corporation, and former appraisal
regulator.(Newsmaker)(Interview)
Thomas Inserra has been president and chief executive officer of
Calgary, Alberta, Canada-based Zaio Corporation, a technology and
database company, since 2006. Most recently, he was founder of . . .
Time out: let's stop the blame game.(Executive
Suite)(Column)
This column is a personal reflection on one of the challenges
facing the health of the mortgage industry. It's a hot potato
called mortgage originator (loan officer and broker) compensation. . . .
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