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Ten-X Homes platform offers non-auction home sales online

April 30, 2016

Investors can choose to use an online auction process, or the new non-auction transaction process, depending on the property and the market conditions. Ten-X Homes is dedicated exclusively to the sale of move-in ready single-family homes, so investor properties will be marketed with other high-quality, non-distressed homes.

National MI sets a leading pace for the industry


National MI has created a structure built on transparency, which assures lenders that valid claims will be handled with forthrightness and respect, rather than the evasiveness sometimes seen during the financial crisis. National MI has helped reshape industry standards with its outstanding customer service and strategic pricing, benefiting a wide range of borrowers.

Genworth helps manage mortgage risk for customers


By raising the bar on technology and advancing in-house underwriting capabilities, the company has strengthened its underwriting service levels. Underwriting decisions are now faster and more accurate because they are based on validated data stemming from advancements in corresponding risk management technologies.

Clear Capital mitigates risk with improved valuation quality


Clear Capital has been developing, nurturing and maturing its national property dataset for over a decade. The hallmark of its data collection is the employment of a diversity of data sources, including real-time MLS, public records and historical valuation reports.

Rental surge: Why more people are opting out of homeownership


Has the Great Recession launched a new era of renting versus buying that will eventually result in a nation where more people rent their homes than purchase them? Or is the increase in renters these days due to an “over-correction” in the market? According to the latest “State of the Nation’s Housing” report from Harvard’s Joint Center for Housing Studies, the U.S., in less than a decade, lost all its homeownership gains of the last 20 years.

Digital disruption: How consumer demand is pushing lenders to a new normal


Saddled with legacy systems and burdened with changing regulations, the mortgage industry has been slow to adopt digitization compared to many other industries. Now, however, the industry must provide more transparency to regulators and satisfy consumers while managing tighter margins. In this perfect storm, there’s only one lifeboat — a digital process.

Hot Seat: Angela Cheek of Ellie Mae


The Ellie Mae Compliance Management System leverages Mavent, an automated compliance system which performs more than 370 federal, state and local consumer protection compliance reviews during the loan lifecycle. It also references AllRegs Online to ensure users are up-to-date and in compliance with the latest regulatory changes.

A holistic approach to gauging housing market performance


Armed with an overall measure of housing market performance relative to long-term trend; an accompanying metric explaining whether that market is overheated or not; and importantly a way to attribute deviations in home prices precisely to selected market variables, market participants would be in a better position to take precautionary actions to limit their exposure in highly volatile markets.

4 ways to overcome the bottom-line impact of regulation


Origination and servicing costs are on the rise to such an extent that lenders are finding it increasingly difficult to continue on a profitable trajectory, thus leading to offloading non-profitable parts of the business. Mergers and acquisitions are on the rise. In such a difficult and dynamic time for a lender, what can they do to keep production costs low?

Tennessee’s Trust Company Bank becomes second bank failure of 2016


The Tennessee Department of Financial Institutions closed Memphis-based Trust Company Bank on Friday, and appointed the Federal Deposit Insurance Corporation as receiver. Trust Company Bank becomes the second FDIC-insured bank to close in 2016, and the first in the state since 2013.

Tennessee’s Trust Company Bank becomes second bank failure of 2016


The Tennessee Department of Financial Institutions closed Memphis-based Trust Company Bank on Friday, and appointed the Federal Deposit Insurance Corporation as receiver. Trust Company Bank becomes the second FDIC-insured bank to close in 2016, and the first in the state since 2013.

Tennessee’s Trust Company Bank becomes second bank failure of 2016


The Tennessee Department of Financial Institutions closed Memphis-based Trust Company Bank on Friday, and appointed the Federal Deposit Insurance Corporation as receiver. Trust Company Bank becomes the second FDIC-insured bank to close in 2016, and the first in the state since 2013.

Tennessee’s Trust Company Bank becomes second bank failure of 2016


The Tennessee Department of Financial Institutions closed Memphis-based Trust Company Bank on Friday, and appointed the Federal Deposit Insurance Corporation as receiver. Trust Company Bank becomes the second FDIC-insured bank to close in 2016, and the first in the state since 2013.

Tennessee’s Trust Company Bank becomes second bank failure of 2016


The Tennessee Department of Financial Institutions closed Memphis-based Trust Company Bank on Friday, and appointed the Federal Deposit Insurance Corporation as receiver. Trust Company Bank becomes the second FDIC-insured bank to close in 2016, and the first in the state since 2013.

Tennessee’s Trust Company Bank becomes second bank failure of 2016


The Tennessee Department of Financial Institutions closed Memphis-based Trust Company Bank on Friday, and appointed the Federal Deposit Insurance Corporation as receiver. Trust Company Bank becomes the second FDIC-insured bank to close in 2016, and the first in the state since 2013.

Tennessee’s Trust Company Bank becomes second bank failure of 2016


The Tennessee Department of Financial Institutions closed Memphis-based Trust Company Bank on Friday, and appointed the Federal Deposit Insurance Corporation as receiver. Trust Company Bank becomes the second FDIC-insured bank to close in 2016, and the first in the state since 2013.

Tennessee’s Trust Company Bank becomes second bank failure of 2016

April 29, 2016

The Tennessee Department of Financial Institutions closed Memphis-based Trust Company Bank on Friday, and appointed the Federal Deposit Insurance Corporation as receiver. Trust Company Bank becomes the second FDIC-insured bank to close in 2016, and the first in the state since 2013.

Former SunTrust Mortgage VP, his wife, her brothers sent to jail for mortgage fraud


For Mohsin Raza, his wife, Humaira Iqbal, and her brothers Farukh Iqbal and Mohammad Ali Haider, committing mortgage fraud really was a family affair. And, as it turns out, the family that plays together also goes to jail together.

This is why Impac isn’t worried about their latest earnings report


Impac’s earnings plummeted from last year and even last quarter, but the company isn’t worried, and even feels that it had a strong start to the year. In this exclusive interview with HousingWire they explain why.

Dick Bove: Where will the mortgage money come from?


In light of Rafferty Capital Markets equity analyst Dick Bove’s obvious bias, there’s no denying he has a valid point: the primary source of mortgage financing in this nation is under threat. That threat is not only inaction but political wrong-headedness.