During his opening remarks at the Five Star Diversity Symposium, Delgado said, "We simply cannot ignore that the absence of diversity fosters an environment of bigotry, racism, and prejudice—fueled by ignorance."
Read More »Facing the Housing Challenge Head–On: An Exclusive Interview with FHA Chief Edward Golding
Dedicated, visionary, and optimistic about the future of homeownership, Golding has spent more than 25 years in mortgage finance in both the public and private sector. Prior to joining HUD in 2013, he held several senior positions during a 23-year tenure with Freddie Mac—where he served as SVP of Economics and Policy, Program Executive of Making Home Affordable, SVP of Economics and Strategic Analysis, and SVP of Capital Oversight and Economics. Despite his busy schedule shaping the future of American homeownership, Golding sat down with us this month to address your pressing questions on the FHA, mortgage insurance, housing, down-payment assistance, and more. Editor's note: This select print feature appeared in the July 2015 edition of MReport magazine, available now.
Read More »DocMagic Pledges to be TRID Compliant by August 1, Ahead of the New Proposed Deadline of October 1
Torrance-California based DocMagic, Inc., has announced that the company will be fully TRID complaint by August 1, regardless of when the new rule actually takes effect. DocMagic is a provider of fully compliant loan document preparation, compliance, and eSign and eDelivery solutions.
Read More »Sneak Peek: Facing the Housing Challenge Head-On: An Exclusive Interview with FHA Chief Edward Golding
Assuming his new role as Principal Deputy Assistant Secretary for the Office of Housing, Golding shares some of his core initiatives and what he sees for the future of homeownership.
Read More »Lehman Files Suit Against Three Financial Institutions
Once the fourth-largest investment bank, Lehman Brothers Holdings Inc. was hit hard by the subprime mortgage crisis and filed bankruptcy in 2008. According to the Wall Street Journal, the company is making headlines again by filing suit against three financial institutions—Syncora Holdings Ltd., U.S. Bancorp, and GreenPoint Mortgage Funding, Inc.—in an attempt to disallow “duplicate” claims emerging from crisis-era loans.
Read More »Stewart Introduces Due Diligence Suite
This week, Stewart Lender Services, announced the creation of a Due Diligence Solution Suite, created though the integration of several services. This included enhancements to their Due Diligence System (DDS).
Read More »IDS Achieves Four out of Five TRID Milestones
As preparations continue across the industry for the impending August 1 TILA/RESPA Integrated Disclosures (TRID) deadline, International Document Services, Inc. (IDS) announced it has achieved four of its five major development milestones for TRID implementation.
Read More »Stewart Title Partners with ZixCorp to Provide Email Encryption Tool
This week Stewart Title, a global title insurance and real estate services company, announced they were partnering with ZixCorp, an email encryption provider, to offer ZixMail—a secure email solution.
Read More »Freddie Mac Posts Upward Trending Mortgage Rates
In their Mortgage Market Survey (PMMS), Freddie Mac found that mortgage rates inched to the highest levels seen in nearly a month for the week ending May 7, 2015. Len Kiefer, deputy chief economist at Freddie Mac, attributes the rise in part to a selloff in German bonds that drove U.S. Treasury yields above 2.2 percent.
Read More »BLS Data Shows Employment Holding Steady
The Bureau of Labor Statistics (BLS) released their “Employment Situation—April 2015” report today, showing that the total number of non-farm payroll employment has increased by 223,000 in April, while the unemployment rate remained unchanged from the previous month at 5.4 percent.
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