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Press Releases

Ocwen Technology Xchange Names New CEO

Countrywide Credit Industries, Inc. Reports 33 Percent Increase in Pre-Tax Earnings and 82 Percent Growth in Pipeline for Fourth Fiscal Quarter

S&P Releases New LEVELS, RMBS Modeling Software

American Business Financial Services, Inc. Closes 13Th Consecutive Quarterly Securitization

MSN HomeAdvisor Launches New Home Ownership Content

LendingTree Closes $45 Million Round of Financing


iPlace First to Deliver Online, Instant, Three-bureau Merged Credit Report

Consumers Gain Immediate and Full Access to Credit Score Used by Majority of U.S. Lenders

Centex Home Equity Launches

LandSafe Appoints Mike Rippy To Chief Technology Officer Position

LandSafe Appraisal Offering New Valuation Process as Well as Innovative Enhanced Desk Review Product

IMX, Inc. Boasts Record Volume in January

E-LOAN, Inc. Renews Warehouse Line; Combined Warehouse Lines Total $250 mil

MortgageIT is Here to Stay; Online Mortgage Banker Reports Strong Financial Condition and Expects Steady Growth in 2001

Countrywide Selects Entrust Technologies` Authorization Solution for Its Online Financial Service Offerings

Bank of America to use LendingTree's Lend-X Technology

H&R Block Mortgage To Offer Customers LandSafe's Real Estate Closing Services

LoanTrader Announces Full Integration with Calyx POINT Software in Preferred Partner Relationship

IMX Exchange Enhancements Feature Intelligent Product Discovery Tool

Calyx Software Releases
POINT(R) 3.7

11.13.00 Mortgage Broker / Originator Hub Reaches Membership Milestone

Countrywide Reports October Operations Data

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Last Updated 09:28 PM CST, Saturday, September 15, 2001
Mortgage News
Mortgage Technology News
Washington Mutual to
Acquire FleetBoston's
Servicing Unit

Deal will make WAMU #2 in mortgage servicing April 2

Friction With
Fannie and Freddie

Some subprime lenders unhappy with GSE participation April 2

Don't Look For
Lower Rates Soon

Weekly wrap from Financial News and Information Service April 2

Refis Jump As
Rates Edge Up

Fed moves, data fail to ignite bond rally March 30

Mortgage Rate Swings
Turn Raleigh, N.C.-Area
Brokers into Forecasters

Applicants looking to loan officers for frequent guidance about rates March 29

It's Mortgage War
at Canadian
Financial Institutions

Competition spurring innovation March 29

Washington Mutual unit
files shelf for up to $5 bln

Net proceeds to be used to buy mortgage loans related to certificates March 28

Mortgage Overcharges
Causes Problems for
Boston-Area Homeowners

Story looks at service that audits mortgage payments to find errors by lenders March 28

Low Rates Credited For Sustained Housing Activity

Home sales dip slightly in February March 27

Rate This One

Recent mortgage industry ratings actions March 27


Weekly wrap from Financial News and Information Service March 26

RBMG Agency-Eligible
Production Up 150%

Month-over-month increase 38.6 percent March 23

Refis Fall Even
As Rates Improve

Government applications rise March 23

OPINION - U.S. Mortgages and Rates By David Beadle

Discussion of annual percentage rates March 23

Fed Interest Cut
May Produce Mixed
Mortgage Impact

Short term rates likely will fall, but long term rates could jump before falling further March 22

Mutual Action

Class action lawsuit filed against Washington Mutual subsidiary March 21

Bank of America adds
to real estate operations

Company to add about 200 new positions in its Buffalo, N.Y., and Louisville, Ky., servicing centers March 20

Time To Lock?

Financial News & Information Service predicts rate spike on Tuesday March 19

Capital "B"
(for billion)

OFHEO releases 4th quarter capital classification report for Fannie & Freddie March 19

It's A Wrap

Interest rate commentary for the week ended March 16 March 19

Life savers

Mortgage innovations help housing market stay afloat March 20

Plunge in Stocks
Colors Debate on Size
of Fed Rate Cut

Federal Reserve will meet Tuesday to decide how much to cut interest rates, thus influencing what lenders charge for mortgages, home equity loans March 19

Par Not a Winner for Mortgage Investors

When 6.5% mortgage bonds hit par, homeowners whose loans are pooled in 7-1/2 percent securities are more likely to refinance March 18

Mortgage Activity
Drops 10%

Rates mostly unchanged March 16

Delinquencies Rise

FHA delinquency rate rises 142 basis points to 10.46% March 15

Continued Strength
in Real Estate

Mortgage lenders benefit, for now March 15

Old Standards

Servicers talk about servicing nonstandard mortgage loans March 13

Prepayment worries
stew as US rates fall
on stock swoon

Equities' declines raised speculation about greater rate cut at Federal Open Market Committee meeting next week March 12

Record Mortgage
Application Activity
At Countrywide

Company releases operational data for February March 9

CEO's of Wells Fargo &
American International say
GSE's Made Threats

Wall Street Journal also reports that J.P. Morgan Chase & Co. executive made similar comment March 8

The Rating Game

Recent mortgage industry ratings actions March 6

Rates, Refis Down
Slightly As Purchase
Activity Edges Up

Spread between 15 year and 30 year widens March 2

New England
Leads Country in
Home Appreciation

Region sees home prices increase 13.2% during past year according to data compiled from Fannie/Freddie loans March 2

Mortgage refinancing could be US cushion-Fannie Mae

Raines: "Refinancing acts as a tax cut" March 2

RBMG January
Production Up 50%

Servicing portfolio at $7.8 billion February 28

National Mortgage News,
Affiliates For Sale

In an ongoing transformation to a solely electronic publishing company, Thomson selling print-based publications February 27

Blum CB Corp to acquire
CB Richard Ellis

Transaction priced at $16 per share in cash February 26

In re Borrower Vs
Servicer, et al

Attorneys talk about mortgage servicing litigation issues February 23

Rates, Refis Reported
As Slightly Worse

Spread between 15 year and 30 year fixed rate widens to 43 basis points February 22

MBA Holds Servicing Conference

San Antonio hosting leaders in mortgage servicing February 22

American Home Mortgage Reports Record Year-End Results

Origination volume increased 126% from 1999 to $3.0 billion February 22

MISMO Workgroup Unifies Real Estate Lending Industry Communications

Finished dictionary will provide a single protocol for real estate terminology February 21

Mortgage Broker Holds Convention

Eighty vendors featured at Allied Mortgage's trade show February 20

The First American Corporation Reports 2000 Operating Results

Title orders rise in fourth quarter February 20

Title Insurance:
Who Needs It?

A look at the uses and users of title insurance February 19

Average Mortgage Rates Lowest In Northeast

Rates little changed from last week February 15

Out of bounds

Fannie, Freddie fighting efforts to limit operations February 15

US Bond Markets-Yields rise again as U.S.
outlook improves

Late story Thursday doesn't provide support for lower mortgage rates Feb 15

Ratings Actions

Recent announcements from ratings agencies about mortgage industry companies February 14


Fannie/Freddie exceed OFHEO minimum critical capital levels by 100% February 14

FiNet Struggling
To Stay Listed

Reverse stock split planned for Monument parent February 13

First Tennessee
Markets Portfolio

Company using press release to market $1.2 billion conventional servicing portfolio February 13

Freddie Predicts
7% to 7.5% Rates

Quarterly Freddie Mac economic forecast suggests that refis may constitute majority originations this year February 12

Cendant Mortgage
Volume Rises 32%

Production loan closings $5.8 billion during 4th quarter February 12

Pipeline Swells

January loans in process were
$12.9 billion February 9

US mortgages widen at end
of prepay-battered week

Mortgage players were shell-shocked by faster-than-expected prepayments seen in Fannie & Ginnie prepay reports February 9

Washington Mutual and Bank United Holding Companies Merge

Banking Subsidiaries Expected to Merge on Tuesday February 9

Refis Jump 31%

MBA survey for February 2 February 7

U.S. homeowners may soon need to speak fluent Libor

Lenders considering replacing T-bill with other pricing mechanisms such as Libor February 7

Middle Income
Families Struggling

Census data show middle income families struggling with affordable housing February 6

MBA Holds Commercial Finance Conference

Commercial real estate finance/multifamily housing convention being held in San Diego February 5

HUD Secretary
Talks To CNN

Mel Martinez to focus on higher level of home ownership February 1

Mortgage Rates Heading Down Again

Average mortgage rates down to 7.09% from 7.15 percent last week February 1

Home Mortgages By City weekly report as of January 31 February 1

Washington Mutual Completes Acquisition of PNC Mortgage

Upon completion of pending Bank United acquisition, WAMU will possess top-five-market-share position February 1

75 Percent of Existing Borrowers Who Get New Loans in 2001 Will Switch Mortgage Lenders

According to Fannie Mae published info, more than $1 trillion in mortgages will be refinanced over next two years February 1

Mortgage Applications Fall

MBA survey for week ending Jan 26 January 31

Treasuries Firm Pending Fed Announcement

Ten year bond rate down nine basis points to 5.22% in early afternoon trading January 30

U.S. Mortgage Debt Reaches $5.6 Trillion in 2000

Fannie Mae executive speaks at financial services conference January 25

Spread Between 30 yr &
15 yr Fixed Rate Widens

Fixed rates rise as economic conditions may not be slowing as quickly as anticipated January 25

Martinez Confirmed As HUD Secretary

Senate confirms Mel Martinez as secretary of Housing and Urban Development January 24

Realtors Oppose Bank Owned Brokerages

National Association of Realtors urging members to halt Fed Proposal January 22

MBA President Meets With Senate Leader

Woodward shares MBA's 2001 agenda with new administration and congressional leaders January 19

Freddie Mac Announces Record Earnings For 2000

2000 Earnings Per Share Up 15 Percent January 18

Fixed-Rates Mortgage Rates Inch Up This Week According To Freddie Mac Survey

Historically Low Rates Expected To Fuel Strong Demand For Housing In 2001 January 18

MBA Endorses Housing Secretary Designate

Organization calls him an innovative and thoughtful leader January 17

Mortgage Loan Applications Up In Latest MBA Weekly Survey

Index of mortgage loan applications for the week ending Jan. 12 January 17

Freddie Forecasts Another Successful Year For Housing In 2001

Threat Of A Recession Is Still Considered Small January 16

Mortgage Rates Fall
Below 7%

Freddie Mac weekly survey for week ended January 12 January 11

Fannie Mae sets 14th Consecutive Annual Record

Y2k earnings $4.448 billion January 11

Mortgage Loan Applications Up In Latest MBA Weekly Survey

Refi activity represented 54.6% of total apps in survey for week ending Jan 4 January 10

Mortgage Industry Posted Healthy Profits In 1999

Cost Study conducted by MBA January 8

Originators Report Lower Mortgage Rates

Brokers and lenders react to CBS Marketwatch Story January 5

Mortgage Rates Down Again

Freddie Mac's Primary Mortgage Market Survey for the week ending January 5, 2001 January 4

Mortgage Loan Applications Down In Latest MBA Weekly Survey

Weekly Mortgage Applications Survey for the week ending December 29 January 3

Mortgage Delinquencies Up

MBA National Delinquency Survey For Third Quarter 2000 January 2

Fannie's Flying High

Shares of mortgage behemoth Fannie Mae trading at all time high December 29

Rates Keep Falling

Freddie Mac's Primary Mortgage Market Survey for week ending
December 29 December 28

Mortgage Loan Applications Down In Latest MBA Weekly Survey

Survey For Week Ending December 22 December 28

Mortgage Rates Drop Quarter Percent

Freddie Mac survey for week ending December 22 December 21

Bush Names Mel Martinez as Housing Secretary

Orange County Chairman takes credit for two years of property tax reductions in the Florida County December 20

Mortgage Loan Applications Down In Latest MBA Weekly Survey

Mortgage Bankers weekly survey for week ended Dec 15 December 20

Mortgage Rates Down Over 10 Basis Points From Last Week

Freddie Mac rate survey for week ended December 15 December 14

Mortgage Loan Applications Up In Latest MBA Weekly Survey

Market composite index of loan apps for week ending Dec. 8 December 13

30 Year Rate At Eighteen Month Low

Freddie Mac Mortgage Market Survey for week ending December 8 December 7

Mortgage Loan Applications Up In Latest MBA Weekly Survey

Survey for the week ended Dec 1 December 5

How To Get Mortgage Leads Regardless Of Rates August 5

Fed sets rules for online
financial disclosures

If disclosures not e-mailed directly to customers, then they must receive notification where documents posted & info must remain available on a Web site for at least 90 days March 29

Mortgage technology

Recent acquisitions make Ellie Mae powerhouse in loan origination systems March 28

Lending Revenue Growth Rate Hits 75% at Intuit

Quicken lending business had been growing 35% to 50% before recent rate cuts March 28

E-Loan gets a boost
from Raymond James

Analyst said recent industry volume surge likely to benefit E-Loan & raised his 2001 revenue estimate 18 percent to $46 million March 27

After Being Kept
Secret for Years,
Credit Scores Go Online

Fair, Isaac & Co. teamed online with Equifax Inc. to provide FICO scores and other personal credit information to consumers nationwide this week March 23


MGIC partners with Myers to provide online MI orders March 13

IndyMac Bank Ranked
#1 Mortgage Site for
3rd Consecutive Quarter
by Gomez

Company announcement points out that this is first time any lender held spot for three consecutive quarters March 6

To E, or Not To E?

Industry executives speculate about electronic mortgage transactions March 2

BondHub's Fixed Income Trading System Is Live on the Web

Participants can buy and sell MBS quickly on a highly secure site February 26

LION, Inc. Announces
Financial Results for
Year End 2000

Net loss drops to $1.3 million from 1999's net loss of $4.0 million February 26

E-LOAN, Inc. Renews Greenwich Capital Warehouse Line

$200 million line expires in one year February 26

Helping Hand

Industry executives discuss mortgage servicing technology February 22

Basis100 Reports
Revenue of $13.2 million
for fiscal 2000

Net loss rises to nearly $39 million from $9.5 million in 1999 February 22

E-Loan Ownership Changes

BofA reduces stake while other firms increase February 20

HomeAdvisor Technologies splits up

MSN gets HomeAdvisor, Realty Desktop; mortgage division for sale February 15

CitiGroup Buys iOwn

Few details of deal for online lender are disclosed February 13

FEMA's Flood Map
Service Center
Goes Online to reduce processing time for flood map orders February 12


Myths and truths about electronic signatures February 12

Countrywide E-fundings
Rise 336%

e-Commerce fundings $2.4 billion in January February 9

eHome files Chapter 11

Company trying to reorganize around tech-driven B-to-B business model February 08

Indexing Online Mortgages

Myers Internet Services to track online mortgage applications and rates February 7

Ocwen Financial Corp
Announces 2000 &
4th Quarter Results

Net loss at Ocwen Technology was $5.5 million for the quarter and $21.0 million for year February 7

Tech Talk

Industry executives talk about application service providers February 6

E*TRADE Completes Acquisition of Leading Online Mortgage Originator February 1

LION, Inc. Consolidates Corporate Structure

Wholly Owned Subsidiary,, Merged With Parent Company January 31

Stewart To Deliver Fully Electronic Mortgage Closing Service

eOriginal technology enables execution, storage, & ownership transfer of electronic mortgage documents January 29

Home Buyers Adjust Slowly To Online Mortgage Brokers

Studies show that <2% of home mortgages are originated on Internet January 27

E-loan Quarterly Loss Falls From 1999

4th quarter mortgage loan sales were $344.8 million January 26

Majority of Online Mortgage Shoppers Are First Time Homebuyers

MortgageIT Fall survey of online mortgage shoppers January 17

Paperless Trail

Benefits of electronic closings are mostly post-closing January 14

What's The Score?

Credit Scores And How They Are Determined January 12

E*TRADE(R) to Acquire Leading Online Mortgage Originator

Purchase of LoansDirect structured with E*TRADE stock used as consideration January 11

E-Loan Shares Up 567% From Low Last Month

Company announced today that 4th quarter auto loan volume up 190% over 1999 January 10

Instant Gratification

Veriscore enables lenders to expedite permanent corrections to erroneous credit reports January 10

Minton To Lead MBA's Industry Technology Efforts

Hiring of Minton is part of MBA decision to restructure and elevate its technology-related committees January 9

The Work Number Featured in Mortgage Technology Magazine's ``Sites To Watch for Mortgages'' provides automated employment and income verifications over internet January 9

Home Financing Centers, Inc. --HFCI-- Featured in American Banker

Article highlights ability to chat online with loan agent January 8 Files Lawsuit Against AOL

Mortgage search engine claims AOL intentionally breached advertising contract January 6


A look a credit scoring January 5

At a Time of Heightened Demand, Lenders Customize Home Loans

Computer programs such as those used by Priceline Mortgage provide opportunities for better loan terms January 5
(subscription required)

LoanCity reduces staff

CFO says marketing momentum and technology have eliminated need for some employees January 4

Credit Scores May Be Freed This Year

Trans Union plans to give consumers a credit score based on its own computer model, but it would be similar to FICO score January 3

Tech Shakeout Hits Mortgage Dot.Coms

Once online, users were going through traditional process to complete transaction January 1
(subscription required)

E-loan Shares Trade At All-Time Low

Shares of the Internet mortgage company off 98% from 1999 high December 18

Credit scores pushed

Fair Isaac changed its policy to let any consumer access credit score December 13

E-signatures: The Sign of the Times for the Financial Industry

Companies/individuals increasingly considering transmission of business info over standard e-mail as poor business practice December 13

Twenty Six Percent of Brokers In Survey Access Rate Sheets Over Internet

MediaLinq survey of 200 mortgage brokers December 12

Click2Doc Gives POINT® Users "Free" Same Day Document Delivery

Originators can email Point documents to borrowers; no special software required by borrowers December 12

Calyx Software Unveils POINT Lender Network

Internet-Enabled Screens Allow Fast, Detailed Broker2Lender Transactions December 5

LoanTrader Partners With The First American Corp

Web-Based Technology Solutions to Include Nationwide Title and Flood Determinations December 5

IndyMac Bank's No. 1 Mortgage Web Site Ranking Upheld by Gomez has been named #1 overall online mortgage site for 2nd consecutive quarter in Gomez's Internet Mortgage Scorecard December 5

Calyx(R) Software Wins Prestigious Mortgage Technology Award

Mortgage Technology Magazine gave "Synergy Award" Synergy Award based on unique approach to partnering with service providers

see the entire Mortgage-Technology
story in PDF version by clicking here December 5

E-mortgages haven't ignited yet; buyers still want personal touch

Experts say it will take years for online mortgages to become popular November 30

IndyMac Bank to Receive Mortgage Technology's 10X Award

Award is for the bank's cutting-edge Internet-based loan origination system November 27

LoansDirect Recognized as No. 1 in Customer Confidence by Gomez Advisors

Online Lender Rises to No. 2 in Overall Ranking November 20

LION Inc./ Announce Financial Results for Third Quarter

Net loss for the quarter was $359,804 November 16

Security problem reveals mortgage applications online

Contour Software caused > 700 Americans' loan apps to be available for viewing w/o password on Internet November 15

Contour Garners Top Market Share

Survey conducted by Wholesale Access November 13 Unveils eMortgage Center

Service enables broker's site to display selective live rates of Lion lenders November 7

Bankrate, Inc. Reports Online Revenue Increased by 59%

Finance news site had $2,940,000 loss for quarter ended September 30 November 7


LandSafe to integrate online order system for closing services November 6

ADFINET Launches Free Mortgage Guides Web Site

Centex Technology's site provides useful reference information for GSE's & government agencies November 6

Digital Notary

Company Offers Digital Notary Service November 3
(revised November 9) Forecloses On Itself

Company blamed the current hostile climate for Internet-based companies November 3

Mortgage Bids

Priceline Applies Auction Model To Mortgage Lending November 2

Fair Isaac Makes Reason Code Explanations Available to Consumers Enables Buyers To Better Understand How Their Credit Scores Are Calculated November 2

Freddie Mac, Industry Groups To Develop Open Guidelines For Electronic Mortgages

Preliminary specifications represent 1st detailed, operational blueprint for creation of electronic loan documentation systems November 1 venture to operate independently is partly owned by and located in same office building as November 1

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