National industry appointments update - 10/10/2006

Oct 09, 2006

RealEC chosen by Countrywide to provide settlement services management solutionMortgagePress.comMortgage settlement services management RealEC Technologies Inc. has entered into an agreement, to provide Countrywide Home Loans Inc. its settlement services management solution. Under the terms of the agreement, Countrywide Home Loans will license RealEC's enterprise technology solutions, to improve efficiency, accountability and information tracking, throughout the entire settlement services process. RealEC's title and closing solution will provide Countrywide with a suite of tools specifically developed to manage title and closing workflow. Santa Ana, Calif.-based RealEC Technologies Inc. is a provider of supply chain management software and solutions. For more information, call (877) 273-2532 or visit www.realec.com. Countrywide Home Loans Inc. is a division of Countrywide Financial Corporation, a home loan lender based in Calabasas, Calif. For more information, call (818) 225-3000 or visit www.countrywide.com.

About the author

National Mortgage Professional

Link copied

Published

Oct 09, 2006

Regulation and Compliance

No FHA-Insured Loans For Non-Permanent U.S. Residents

In March 26 letter, HUD states change is effective May 25, aligns with Trump Administration policies

In a policy shift announced today, non-permanent U.S. residents will no longer be eligible for mortgages insured by the Federal Housing Administration (FHA), part of the U.S. Department of Housing and Urban Development (HUD). The change, detailed in a March 26 letter HUD...

Regulation and Compliance

GSEs Ordered To Terminate Special Purpose Credit Programs

Fannie Mae’s and Freddie Mac’s current support for such SPCP programs is ‘inappropriate,’ FHFA has determined

In a directive issued March 25, Decision No. 2025-145, Federal Housing Finance Agency (FHFA) Director Bill Pulte ordered Fannie Mae and Freddie Mac to terminate “Special Purpose Credit Programs,” or SPCPs, that they support. The directive describes such programs as those ...