MBA 2012 National Secondary Market Conference The discussion in a number of panel sessions at the Mortgage Bankers Association National Secondary Market Conference in New York on May 6 through 9, was if, let alone when, private capital would return to the industry. In the exhibit hall, much of the vendor focus was on technology and compliance which would ease that transition. Nary a wholesaler or correspondent aggregator was exhibiting.
MBA 2012 National Secondary Market Conference The discussion in a number of panel sessions at the Mortgage Bankers Association National Secondary Market Conference in New York on May 6 through 9, was if, let alone when, private capital would return to the industry. In the exhibit hall, much of the vendor focus was on technology and compliance which would ease that transition. Nary a wholesaler or correspondent aggregator was exhibiting.
Uncertainty, Regulation, Continue to Worry Insiders Members of the industry gathered at the Mortgage Bankers Association’s National Mortgage Servicing Conference in Orlando, Fla., expressed concern about the uncertain future of the mortgage industry during a roundtable discussion with Mortgage Servicing News editors.
MBA 2012 National Secondary Market Conference The discussion in a number of panel sessions at the Mortgage Bankers Association National Secondary Market Conference in New York on May 6 through 9, was if, let alone when, private capital would return to the industry. In the exhibit hall, much of the vendor focus was on technology and compliance which would ease that transition. Nary a wholesaler or correspondent aggregator was exhibiting.
Wingspan Portfolio Advisors named Ed Delgado chief operating officer.
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2011 Mortgage Technology Steve Fraser Visionary Award The Steve Fraser Visionary Award is a lifetime achievement award that recognizes the accomplishments of an outstanding mortgage technology innovator, visionary or evangelizer. Here are the finalists for the 2011 award.
A key federal regulator is signaling that banking agencies are not close to formulating final regulations that address risk retention on mortgage securitizations.
PNC Bank is searching for a divisional manager to oversee mortgage operations in parts of the Mid-Atlantic, South and West, according to a job notice provided to National Mortgage News.
Equity Residential, a real estate company that owns and invests in multifamily properties, has agreed to purchase a 26.5% ownership stake in Archstone, which is in the same business, from Bank of America and Barclays Bank PLC, for $1.325 billion in cash. This move is the opening salvo in what is likely to turn into a battle over control of Archstone's assets.
Bank of America is continuing to lose top retail loan officers and managers to the competition, the latest departure claiming a handful of employees in the Columbia, S.C. area.
This is yet another column discussing running your mortgage originations business (be it broker or banker) like it was any other business. Successful business owners don't necessarily reinvent the wheel especially when it comes to what might be termed "human resources" stuff.
WASHINGTON—Congress has handed the Federal Housing Administration a golden opportunity to increase its share of the jumbo mortgage market, but HUD secretary Shaun Donovan doesn't want to exploit the situation.
Fannie Mae's PR department might contend that the GSE isn't in the business of servicing loans, but everyone in the mortgage business knows that such a statement is, shall we say, a misnomer. The government-controlled secondary market giant—as a technical matter—owns the servicing rights to every loan it guarantees, but it's the GSE seller/servicer that owns the “contract” to process those loans.
Tim Galu rose to being a leading originator by treating clients' loans as if they were his own. There are more than a few examples of customers deciding to become active in an industry because of the pleasant experience they had using their product.
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