TSS Software announces TitleExpress integration capabilities

National Mortgage Professional

Apr 16, 2008

Wolters Kluwer Financial helps lenders and borrowers simplify closing processMortgagePress.comSimplified Mortgage, closing, recordable mortgage document Wolters Kluwer Financial Services announced the launch of a new mortgage document solution, the Wolters Kluwer Financial Services Simplified Mortgage. The solution will help lenders and borrowers make the closing process for first mortgage and home equity loans easier, faster and more affordable, while complying with all federal and state regulatory requirements. Simplified Mortgage permits the current recordable mortgage document to be split into two content pieces. The first piece is a two- to three-page recordable instrument that contains all information required to create a valid lien and fully comply with the recording requirements of each state. The second piece is a non-recordable supplement that outlines a loan's standard covenants between the lender and borrower. Wolters Kluwer Financial Services is a provider of forms and compliance software to the financial industry based in Minneapolis. For more information, call (800) 552-9410.

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Apr 16, 2008

Analysis and Data

Fannie Mae Transfers Credit Insurance Risk On $31.8B In Loans

CIRT 2023-2 and CIRT 2023-3 transferred a combined $926 million of mortgage credit risk to private insurers and reinsurers.

Fannie Mae said Monday it has executed two credit insurance risk transfer (CIRT) transactions with a combined value of $31.8 billion. As part of Fannie Mae’s effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2023-2 and CIR...

Courts

Judge OKs Amended Lawsuit Claiming Predatory Lending By Wells Fargo

Officials in 3 Ga. counties filed the complaint claiming Wells Fargo engaged in an 'equity stripping' scheme that targeted minorities.

A federal judge ruled late last week that a predatory lending complaint filed against Wells Fargo & Co. by three counties in Georgia can proceed. Judge Michael L. Brown of the U.S. District Court for the Northern District of Georgia, Atlanta Division, had previously di...