NSN Solutions' Velma integrates with Calyx Point

Nov 15, 2007

National industry appointments update - 10/22/2007MortgagePress.comNational mortgage industry positions • Keep It Simple Software LLC has hired Geordi Smith to help develop and promote Mortgage XL software. • The Mortgage Bankers Association has elected Paul E. Bibb Jr.; Phillip W. Bracken; Robert D. Broeksmit, CMB; William Cosgrove, CMB; Samuel B. Morelli, CMB; David A. Roberts, CMB; and Richard H. Wohl, CMB to its board of directors. • XINNIX has promoted Jack Karaszewski to executive vice president of business strategy.

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Nov 15, 2007

Tech

ServiceLink Enhances Its Digital Closing Solution

EXOS Close allows lenders and borrowers to choose ‘when, where, and how’ they close

Digital mortgage services provider, ServiceLink, announced enhancements to its EXOS Close technology designed to provide more flexibility for lenders and borrowers using the technology to schedule their closings. Enhancements include new options for online and in-branch c...

Analysis and Data

Moody’s Downgrades Fannie And Freddie Following U.S. Sovereign Credit Cut

Outlooks for both GSEs revised from negative to stable

Moody’s has downgraded the long-term senior unsecured debt ratings of Fannie Mae and Freddie Mac to Aa1 from Aaa, following its May 16 downgrade of the U.S. government. The outlooks for both agencies were revised from negative to stable, signaling no immediate expectation of...