The Lede
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Equifax Hack Might Be Worse Than You Think
Wall Street Journal, Feb. 9, 2018--AnnaMaria Andriotis (subscription)Equifax said, in a document submitted to the Senate Banking Committee and reviewed by The Wall Street Journal, that cyberthieves accessed records across numerous tables in its systems that included such data as tax identification numbers, email addresses and drivers' license information beyond the license numbers it originally disclosed.
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Ellie Mae’s Revenue Enhanced by Velocify Acquisition
National Mortgage News, Feb. 9, 2018--Brad Finkelstein (subscription)or the fourth quarter, Ellie Mae's revenue of $112.9 million was up 17% from $96.2 million for the same period in 2016. This exceeded the midpoint of the company's guidance by approximately $5 million and "was driven by higher-than-expected revenue from Velocify.
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Walter Investment Emerges from Chapter 11, Changes Name to Ditech Holding Corp.
HousingWire, Feb. 9, 2018--Ben LaneWith the bankruptcy now in the rearview mirror, Walter Investment is changing its name to Ditech Holding Corp., adopting the name of its prominent subsidiary Ditech Financial.
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It’s Time to Redefine Service in the Mortgage Servicing Industry
HousingWire, Feb. 9, 2018--Joseph DeStasioThe author, who spoke at the recent MBA National Servicing Conference, says it's time we change the conversation and recognize that people matter. Talented, happy team members create happy customers. And, when this focus is partnered with the right technology, the industry will finally be able to see some real change.
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Ten Years After the Crisis, Banks Win Big in Trump’s Washington
Bloomberg, Feb. 9, 2018--Robert Schmidt, Jesse HamiltonAs the 10th anniversary of the financial crisis approaches, many of the restrictions put in place to rein in Wall Street risk-taking are quietly being unwound.
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Mortgage Payments Likely to Keep Zooming
UExpress, Feb. 9, 2018--Lew SichelmanCoreLogic, a data analytics company that has been tracking mortgage payments for the past generation, says that while home prices may be up 6 percent through August of last year, the average mortgage payment went up 10.1 percent during the corresponding period. And for 2018, the typical home loan payment is likely to rise by more than 11 percent.
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Altisource Residential Changing Its Name to Front Yard Residential
HousingWire, Feb. 9, 2018--Ben LaneAltisource Residential announced Friday that it plans to change its name to Front Yard Residential.
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Former Clayton Execs Band Together to Found New Due Diligence Firm
HousingWire, Feb. 9, 2018--Ben LaneThe new company, which is called New Diligence Advisors, officially launched Friday. The company's principals are Mark Hughes, Ann Gibbons and Tom Donatacci, all of whom previously worked at Clayton at various times.
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Share of Cashout Mortgage Refinances at Record
Mortgage Daily, Feb. 9, 2018New mortgage activity moved higher this week, and refinances saw the biggest gain. Cashouts accounted for a bigger share of business than during any week on record.
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Mortgage Events Added to Conference Calendar
Mortgage Daily, Feb. 9, 2018--Sam GarciaMortgage-related conferences, events and meetings have been added to Mortgage Daily's Mortgage Conference Calendar. The housing finance system, regulation and reverse mortgages are among the topics to be covered.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Top 10 Quality Control Errors Made in Loan Production Webinar Mar. 15
MBA Education presents a webinar, Top 10 Quality Control Errors Made in Loan Production, on Tuesday, Mar. 15 from 2:00-3:30 p.m. ET.
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