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The Mortgage Collaborative launches emerging technology fund

Housing Wire

The Mortgage Collaborative, an independent cooperative network in the mortgage industry, today announced the launch of TMC Emerging Technology Fund LP, a venture capital program funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector.

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FDIC finds banks violated RESPA on mortgage brokerage payments

Housing Wire

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. Violations identified vary across different stages of the loan process.

Banks 370
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Mortgage delinquencies edged higher in November: ICE

Housing Wire

While delinquencies remain low overall, the number of delinquent loans ticked up in November, according to the latest ICE Mortgage Monitor report. Meanwhile, early-stage delinquencies (30 and 60 days past due) continued to increase. Moreover, early-stage delinquencies among VA loans hit their highest non-pandemic levels since 2009.

Mortgages 414
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Black Knight offers new servicer solutions to curb foreclosure, late-stage default

Housing Wire

The Collections solutions are geared toward helping to prevent foreclosure and late-stage default by making qualified assistance options timelier and more accessible to both homeowners and servicers, Black Knight said on Thursday. “By ICE claims the merger will modernize the mortgage servicing platform and will be beneficial for U.S.

Staging 352
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Q&A: George Morales on new role with Mortgage Cadence and why a big bank could enter reverse

Housing Wire

This week, Mortgage Cadence announced that it had appointed longtime reverse mortgage industry professional George Morales to serve on its sales team. The company is aiming to bring more reverse mortgage technology solutions to potential partners already in the industry and those that have yet to enter it.

Banks 369
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Mortgage delinquencies ticked up in September: ICE

Housing Wire

While the mortgage delinquency rate remains low compared to pre-pandemic levels , the number of delinquent loans ticked up in September, according to the ICE Mortgage Monitor report. Meanwhile, early-stage delinquencies (30 and 60 days past due) continued to increase. However, the rate of serious delinquencies remains 6.7%

Mortgages 426
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BHGRE President Ginger Wilcox to take the stage at HW Annual 2023

Housing Wire

I think that’s really key because part of what I’ll be doing is leveraging my unique background to be able to bring a different lens when it comes to the digital landscape technology and how that incorporates different types of tools and resources that our competition isn’t using. GW: I’m really excited to attend the event.

Staging 306