Outdated Technology Bogging Down Some Servicers
A regulatory report indicates that mortgage servicers are continuing to utilize failed technology that has harmed borrowers and violates servicing rules.
DU 10.0 Release Date Set
After being delayed for an unspecified amount of time, a new release date has been scheduled for Desktop Underwriter Version 10.0.
MERS to be Sold
A deal reached for the parent of the New York Stock Exchange to invest in MERSCORP Holdings Inc. is expected to benefit the home lending market.
Optimal Blue Acquired
A private-equity firm has struck a deal to acquire Optimal Blue Holdings and plans to pour hundreds of millions of dollars into the new business.
Tech Officers Among Mortgage Executive Moves
The latest round of executive moves at real estate finance firms includes a promotion to president at one lender and the appointment of top technology officers at two other companies.
Radian to Insure Non-Traditional Credit Borrowers
Radian Guaranty Inc. has unveiled plans to insure residential loans to borrowers who are required to rely on non-traditional credit.
DU Update Delayed
The Federal National Mortgage Association has disclosed that it is postponing the release up an updated version of its automated underwriting system.
Bank Settles Discrimination Charges on AUS Denials
First-Citizens Bank & Trust Company has settled charges that manually underwritten white borrowers were denied less for mortgages than their non-white counterparts.