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LOS provider sees record number of new mortgages go through system Ellie Mae has reported a record breaking number of new mortgage applications originated through its Encompass Mortgage Management Solution and its ePASS Network. This included reports of 30,500 new loan applications being passed through Ellie Mae?s LOS on Jan. 6 and 7. Read on for more details. FDIC offers ?Mod in a Box? Now available from the FDIC?s industry support store: A pre-packaged loan modification program designed to rehabilitate distressed mortgages, ease payments for borrowers and increase loan value. Inspired by IndyMac and designed by Sheila Bair, this kit contains everything you need to successfully modify your mortgages. Read on for more. Final rule examined: RESPA Radio to host exclusive event In an upcoming audio seminar, several experts will explain what?s in the new final RESPA reform rule, how it?s changed from the earlier proposed version and what the industry reaction has been thus far. We?ll also give you a head start on designing an implementation strategy as you prepare to get your business into compliance. Read on for the details. HUD sets new FHA loan limits HUD has announced the new FHA mortgage limits for single-family homes as prescribed by the Housing and Economic Recovery Act. Read on to learn where HUD is setting the bar for 2009. Inside Chase?s ambitious new loan mod program A $70 billion plan to modify thousands of Chase, WaMu and EMC mortgages is currently being rolled out, and the steps involved in the program are both complex and far-reaching. Read on to see how Chase is structuring its new mortgage modification program to meet a diverse group of needs. October Research partners with McKissock A new referral program between the two companies serves professionals in the appraisal, real estate and mortgage lending industries. The partnership is designed to connect industry professionals with the educational offerings they need to obtain and maintain their professional licenses. State regulators power-up new oversight technology The American Association of Residential Mortgage Regulators and Conference of State Bank Supervisors have both agreed to adopt new automated examination technology solutions to power a more comprehensive era of mortgage lending oversight. Read on to learn how the tech advancements will drive enforcement efforts. Cleveland mortgage broker indicted A 78-house fraud scheme netting $5.8M has landed a Cleveland mortgage broker and Metropolitan Mortgage Co. in trouble with the county prosecutor, who has thrown the book at them via indictment on a slew of charges. Read on for the details. Ability to repay at issue in Texas fraud case A mortgage scam that involved individuals tricking mortgage lenders into giving them $17M in loans by falsifying loan applications has been uncovered by special agents of the FBI and IRS. The investigation has now led to five indictments in Houston. OCC updates TILA compliance guidance These modified procedures reflect changes that have been made to Regulation Z that simplify and clarify requirements regarding e-communication and the relationship of Regulation Z to the E-SIGN Act.
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