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The article discusses various reasons for adherence of people to paperless processing in the mortgage industry of the U.S. It informs that Sanjeev Malaney, chief executive officer (CEO) of Capsilon Corp., informs about the finding of a study which highlights the difficultly of people to work with computer screen. Malaney further informs that cloud computing technology will enhance the opportunities of various companies to collaborate electronically.

The article presents information on the recent economic downturn and considers the mortgages made between 2005 and 2007 as the main reason for this downturn as suggested by the veteran securities researcher Mark Adelson. The interrelated causes, the sale of mortgage-related securities and the risks associated with quantitative models are discussed. The multiplication of risk-taking concerns due to globalization is also discussed.

The article discusses the electronic mortgage or e-mortgage lending activities of Mid-America Mortgage. Topics explored include the plan of the mortgage lender to use electronically-signed promissory notes in its loan transactions, the partnership formed by the lender with Merchants Bank of Indiana in funding its e-mortgages, and the U.S. Consumer Financial Protection Bureau (CFPB) study into loan transactions done under an electronic closing program.

The article reports on the release of a working paper by the Mortgage Bankers Association of America (MBA) to overhaul the secondary mortgage market in 2009. The working paper, Recommendations for the Future Government Roles in the Core Secondary Mortgage Market, presumes that Freddie Mac and Fannie Mae will not exist in the future. The working paper also addresses one of the main concerns of Freddie and Fannie critics, that their massive holdings of mortgages have been a tragedy for taxpayers.

The article reports on the plan of HSBC Holdings PLC to sell its A paper mortgage banking affiliate in Depew, New York City wherein such sale would only include its servicing operation.

The article discusses various issues related to the development of paperless processing in mortgage business in the U.S. It informs focuses on the factors which prevents the electronic-closings. Topics discussed including chief executive officer (CEO) Keven Smith, vice president David Hultquist and president Jonathan Kunkle.

Examines the strategies used by mortgage servicers in reducing the paper burden. Offering options for paying monthly mortgage bills electronically, via automated clearinghouse technology as well as Internet and telephone enabled automatic debit programs; Use of the MERS registry and county recorders to eliminate assignments when loans are transferred and to automate reconveyance of title.

Highlights the results of a report from Bear Stearns which suggest that the ability to buy cheaper cashflows off 20-year collateral should be especially appealing to total return accounts and indexed benchmarked portfolios in the United States. Attractiveness of the 20-year sector and the collateralized mortgage obligations backed by 20-year collateral; Remarks of analysts from Bear Stearns about the 20-year collateral.

Reports on the Dutch mortgage-backed securities marketed by German real estate lender Eurohypo AG under its Opera series vehicle. Exposure of investors to several Dutch properties because of the deal; Inclusion of a 4.9-year triple-A rated senior A class and five subordinated tranches dated at seven-years in the capital structure; Class A notes offered by the transaction to investors.

Reports that venture encoding complements paper products with electronic technology in the United States. Networking at the Mortgage Bankers Association servicing conference.

In this article, the author talks about homeowners who are unable to close on a home sale or refinance transaction. He mentions that mortgage satisfaction has never been recorded in the public records. According to him, one cannot sign a mortgage satisfaction, if he /she is not an owner of it or has the authority to sign it as an agent of the mortgage holder.

Reports on provider of mortgage recording solutions U.S. Recordings' claim that its image-based document processing resulted in a substantial decrease in the handling of paper documents in 2004. Fifty-four percent decrease in the amount of paper documents after the third quarter; Process enabling clients to submit electronic documents; Comments of chief executive officer Jeff Carlson.

In a 2022 "Planning Insights" paper, the Wall Street bank said that when it comes to buying a home, "the deduction for investment interest may do more than the mortgage interest deduction to minimize taxes." That investment interest expense deduction can be more generous than the one for mortgage interest. Our investor has now functionally swapped an interest deduction capped at $750,000 of a much larger mortgage to a deduction on the full interest on a $4 million loan. [Extracted from the article]

The article reports that mortgages in the United States performed well due to expectations that the Federal Reserve Board will pause in its interest rating hikes in August 2006. The Mortgage Bankers Association reported a significant increase in mortgage applications, while Freddie Mac disclosed that mortgage rates declined for the third week in a row.

Reports on the steady volume of the asset-backed credit portfolio (ABCP) market in the U.S. as of November 2003. Forecast increase in activity in 2004; Trend of single-seller mortgage loan conduits; Reasons behind the resurgence of single-seller ABCP conduits.

Discusses the avenues available to get the United States financial services industry closer to the vision of electronic mortgage loan servicing. Standardization of data sets within the mortgage process; Palisades Technology Partners' loan origination system; MortgageHub's Web-based solution; Automation of document preparation and servicing; Digital signatures adoption.

The article reports on the average spread of the traditional private paper NAIC-2 by the U.S. Department of Treasury. The NAIC-2 paper has widened by 56.3 basis points due to the decline of prices in the public bond market and the turmoil in the sub-prime mortgage market. The spread-squeezed private placement investors have been relieved with the wider spread.

According to an article in National Mortgage News, private label mortgage securitization is expected to have a strong year in 2024. The fourth quarter of 2023 saw increased activity due to a shift in the interest rate environment, making execution more attractive. Year-to-date issuance is currently at $8 billion, and it is projected to reach over $20 billion in the first quarter. The article also discusses the factors contributing to the rebound in securitization volume and the performance of the 2023 book. Overall, the private label market is showing positive signs for the upcoming year. [Extracted from the article]

The article offers information on the GSE Reform, a housing finance reform that help institutions to fund mortgages in the U.S., that has become a target for automated underwriting (AU) systems. It reports that several papers have been issued by the U.S. mortgage bankers on various GSE issues which comprises of steps that can be taken to improve the mortgage market.

The article reports on the findings of the study conducted regarding post-closing automation. The study entitled "Closing the Door on Paper-Based Processes" was prepared for the benefit of Hyland Software Inc. It shows that lenders need an enterprise-wide and integrated approach to focus on the improvement of operational efficiency as the revenue growth outlook in the industry becomes more challenging. The lenders will also gain from the automation of the paper-intensive process.

Ginnie Mae is looking to start a pilot program to securitize digital mortgages as early as 2019, but issuers would not be able to commingle loans using traditional paper files in those deals. [ABSTRACT FROM AUTHOR]

The article reports on the significance of collaborative electronic document systems in the mortgage process in the mortgage industry in the U.S.

The article focuses on implementation of e-mortgages. Topics discussed include e-signature and digital transaction management software being readily available making paper use less required for mortgage originations, e-mortgages making little progress since announcement of its acceptance by Federal National Mortgage Association (Fannie Mae), electronic mortgage process shortening time taken to close an average loan and electronic mortgages being a distant dream.

The article reports on the effort of mortgage service providers in the U.S. to expand paper-to-paperless offerings in order to achieve mortgage process automation.

The mortgage interest deduction is capped, but the investment interest expense deduction isn't. [ABSTRACT FROM AUTHOR]

The mortgage interest deduction is capped, but the investment interest expense deduction isn't. [ABSTRACT FROM AUTHOR]

A fully digital mortgage may lie in the mortgage industry's future, but while strides have been made, widespread adoption of this process remains elusive. We're right in the middle of what we see as a transformation in the mortgage industry, from paper to paperless mortgages, the digital mortgage transformation. [Extracted from the article]

The article highlights discussions on electronic mortgage technology at the Mortgage Bankers Association technology conference in San Diego, California, with other sessions devoted to loan document automation and enterprise content management. Tower Group's Craig Focardi showed the security of electronic delivery of closing documents, ready for printing out and wet signature, compared to the 24 hours it takes through loan origination systems extraction, printing and courier delivery to the closing agent.

Examines the performance of mortgages in private sectors. Growth of the portfolio purchases; Functions of money managers; Origin of loans.

An interview with Jamie Tyndall, co-manager at private lending company Mortgage Master Inc. is presented. She talks about her marketing strategy involving real estate agents visiting local businesses. She mentions that she serves the super-jumbo mortgage market and has to deal with complex tax returns and tax codes. She highlights a case where she had to send mortgage papers by courier to buyers while they were adopting a baby in Russia.

The article discusses the plan of Two Harbors Investment Corp. to offer its first issue of its private-label residential mortgage-backed security (RMBS) in the U.S. It states that its first issue will offer high quality loans, provide hands-on experience, and investors to execute successful deals. It also mentions that the company hired Diane Wold to support its securitization knowledge base.

The attorney general alleged BSI encouraged them to continue making at least a partial payment on their mortgage and did not offer mandatory relief under state law to those who faced financial hardships or lost their jobs during the pandemic. Servis One, which does business under the name BSI Financial Services, has agreed to pay $350,000 in penalties and restitution for not providing COVID relief to at least 160 New York homeowners, the state attorney general's office said in an announcement released March 9. [Extracted from the article]

The article discussses the significant role of electronic document management (EDC) in helping mortgage originators manage expenses and boost productivity. The benefits of EDN in terms of improving relationship with customers are tackled. Also discussed is the efforts of the financial institution to look for a solution that optimizes and streamlines the loan process from start to finish.

The article reports that the British Council of Mortgage Lenders calls for the European Commission to hold proposals to integrate European Union (EU) mortgage markets in the middle of market changes in Europe. Its deputy head of policy, Andrew Heywood, contends that proposals to further the integration of markets are unlikely to produce net benefits. Since the European Commission released a paper on integrating EU mortage markets, many have long resisted integrating EU mortgage markets.

The article provides information on the financial condition in the U.S. with emphasis on the re-entry of financial issuers and the continued struggle of asset-backed commercial paper (ABCP) and structured investment vehicles (SIVs) in the security market. Issuers who stopped themselves of accepting wider financial spreads due to market disruption have returned to the market as spreads were beginning to recover. Meanwhile, analysts predicted the possible recovery of ABCP and SIVs.

The article comments on the release of electronic mortgages and a white paper on Internet data security by the Mortgage Industry Standards Maintenance Organization at the Mortgage Bankers Association's annual technology conference in 2006. The white paper indicate that vendors' claims for e-mortgage technology are not yet fully substantiated, and that e-mortgage may be used to revolutionize the closing process and customer service in the mortgage origination process.

This article focuses on matters related to SME proposals. Cagamas (Company), Malaysia's state-controlled secondary mortgage agency, has sent out RFPs for a deal backed by loans to small and medium sized entities. The RFP makes no mention of potential deal size or timing, only the assets involved, with bids due in mid-February 2005 according to bankers familiar with the situation. It unclear how many banks have been invited to pitch. Of the international banks, though, it seems a fair assumption that houses with Malaysian deal execution pedigrees - Deutsche Bank, HSBC, Nomura Securities and Standard Chartered will be in the frame.

Reports the inauguration of Witmer Funding to warehouse mortgages pending sale or term securitization by GMAC Mortgage Corp. in the United States. Issuance of secured-liquidity notes by asset-backed commercial paper conduit; Support of Banc One Capital Markets and Banc of America Securities on the liquidity; Ratings on the corporate of GMAC.

The article offers information on the European regulations on the credit rating agencies (CRA), which includes the rules from unsettled players in the financial market in the U.S. It mentions that the rotation of agencies improves competition and breaks the relationship between oligopoly and issuers. It mentions that the European Mortgage Council (EMC) and European Covered Bond Council (ECBC) issued papers attacking the rotation process.

Presents charts and graphs related to asset-backed securitization in the United States as of January 26, 2004.

The article reports on the pilot program of digital mortgage securitization of Ginnie Mae also known as the Government National Mortgage Association which will begin in 2019. Topics mention including the business models, plans to work with the government-sponsored enterprises (GSEs) and differences in the digital submission process.

The article focuses on a study conducted by Luis G. Dopico, consultant for Macrometrix in High Point, North Carolina and James A. Wilcox, professor at the Haas School of Business at the University of California, Berkeley, California to find out the return on assets (ROA) earned by credit union (CU) mortgages. The study reveals that increase in CU mortgages by 10 percent has increased ROA by one basis point. It informs that CU that responds challenges associated with mortgages perform better.

The article discusses the aspects of real estate investment trusts (REIT) which prepares for a reduction in government-guaranteed mortgages in the government-sponsored enterprise in the U.S. It offers information on GMAC Residential Capital's initial public offering (IPO) under the leadership of Diane Wold which intends to provide a hands-on experience and institutional investors. It notes that the success of IPO's indicates whether investors see REIT is giving rebound to mortgages.

The article presents research recommendations for asset securitization in the U.S. They include asset-backed security (ABS) of JPMorgan Securities Inc., credit mortgage-backed security (CMBS) of RBS Greenwich Capital and ABS of Union Bank of Switzerland (UBS). The remit data depicts a slowing delinquency speed across ABX indices. In September 2008, all-time wides in CMBS would mean good buying chance. The benefits of securitization will create a rebound after the overhang of paper is cleared up.

The article offers information about electronic mortgages. It is stated that having a paperless strategy in financial services may provide a boost by both delivering a fast return on investment, as well as getting lender closer to electronic mortgages (e-mortgages). Information on how vendors are helping some lenders move in the direction of paperless processing and eventually e-mortgages through the use of Web services is included.

The article offers information about legal issues in the mortgage industry in the U.S. Because of confusing local, state and federal legislative activity, along with an increasing number of threatening court cases, the mortgage legal and regulatory environment has placed emphasis on the importance of legal counsel. Moreover, law firms and legal organizations are advising their clients in the form of position papers and through conferences.

The article offers news briefs related to the financial services industry. According to sources, Dresdner Kleinwort dismissed members of the Latin American structured finance team. The Internal Market and Services, a unit of the European Commission, has put together a white paper on mortgage funding to improve the competitiveness and efficiency of mortgage markets. National City Corp. has cut jobs in its mortgage lending unit and its quarterly dividend by 49%.

The article reports that U.S. Recordings has successfully made the electronic recording of a "Level II" mortgage document established by the Minnesota Real Estate Electronic Recording Task Force. Level II electronic recording covers documents that are generated in paper form, signed and notarized with a wet signature, scanned and sent in electronic form to the county. Six counties have been approved to receive Level II electronic documents including Clay, Dakota, Renville, Scott and Wabasha.