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The Latest

Fannie expands Day 1 Certainty program

Fannie Mae is staging more pilot projects with lenders and vendors, including one that consolidates submissions of different types of loan data potentially eligible for immediate representation and warranty relief.

Vendor management Brad Finkelstein 26m ago

Vendor management Brad Finkelstein 26m ago
State's economic strength boosts Bank of Hawaii profits

Hawaii's booming economy contributed to the Honolulu bank's 10% increase in loans and 9% increase in deposits in the third quarter.

Earnings Laura Alix 7h ago

Earnings Laura Alix 7h ago
Video Bringing mortgage into the 21st Century

In this exclusive video from Digital Mortgage, Simon Moir from eOriginal discusses the key characteristics of a digital mortgage, shifting trends and meeting industry demands.

Insights from Digital Mortgage 5h ago

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Insights from Digital Mortgage 5h ago
Treasury says CFPB arbitration rule hurts consumers

The Treasury Department released an 18-page report saying the rule would “impose extraordinary costs” including legal fees mostly for lawyers that bring class-action lawsuits.

Arbitration Ian McKendry 8h ago

Arbitration Ian McKendry 8h ago
New MBA Chair: 'Regulation by enforcement' isn't helping

The CFPB's practice of "regulation by enforcement" forces mortgage companies to develop compliance standards based on the mistakes of their peers, rather than clear guidance from the enforcement agency, said David Motley, the new chairman of the Mortgage Bankers Association.

Enforcement Elina Tarkazikis 9h ago

Enforcement Elina Tarkazikis 9h ago
Texas receives $58M in CDBG funds to rebuild after Harvey

Texas is receiving $58 million from the Community Development Block Grant disaster recovery program that HUD administers.

Hurricane Harvey Brian Collins October 20

Hurricane Harvey Brian Collins October 20
Language question added to the loan app against lenders' wishes

The Federal Housing Finance Agency added a language preference question to the loan application, rejecting the mortgage industry's wishes.

Compliance Brad Finkelstein October 20

Compliance Brad Finkelstein October 20

Voices

Ban origination fees on VA refis to curb veteran mortgage churn

Joseph Murin

Vice Chairman
Chrysalis Holdings

To protect veterans from predatory lending practices, Ginnie Mae and the Department of Veterans Affairs should remove lenders' financial incentive for originating Interest Rate Reduction Refinance Loans.

Hurricane damage can be costly, but housing market recovery is swift

Ralph DeFranco

Global Chief Economist
Arch Capital Services

While the scale of destruction and suffering caused by Hurricanes Harvey and Irma is staggering, history suggests the local economy and housing markets in the affected areas will bounce back relatively quickly.

Regulatory playing field for banks, nonbanks is anything but level

Scott Olson

Executive Director
Community Home Lenders Association

The Consumer Financial Protection Bureau was created in part to ensure that nonbanks are subject to federal oversight, but the fact is that 99% of banks are exempt from CFPB supervision.

Texas tax-lien transfers: Maligned and misunderstood

Thomas Mackie III

Founder and Director of Business Development
Clear Tax

Although property tax loans raise concerns for the mortgage industry, there is a way for property tax lenders and mortgage companies to co-exist.

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5 best and worst states for consumer credit scores

Consumer credit varies nationally due to regional variations in income and the cost of living. To get a sense of where it's strongest and weakest, here's a look at the five best and worst states for consumer credit scores.

7 things to look for at #MBAAnnual17

From debating the future compliance landscape to developing a digital mortgage strategy, here's a preview of the top issues, ideas and themes on tap when the industry convenes in Denver for the Mortgage Bankers Association's Annual Convention & Expo.

Resources

White Paper Reduce risk associated with disasters

Assessing and addressing the impact on property used as collateral when a disaster occurs.

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Risk analysis October 4
White Paper Third-party service provider oversight: How to navigate the pitfalls

Lenders and servicers continue to shift critical functions to third party service providers in order to lower costs and focus on core competencies. However, effectively managing third party service providers can be very challenging from a compliance, operational and technological perspective. While this has always been the case, it is about to become more important as federal regulators have indicated that they are going to increase their supervision of service providers.

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Servicing systems September 22
Web Seminar Meeting great expectations: best practices for accurate loan estimates

Quality property tax estimation is critical to completing the required Loan Estimate (LE) provided to the borrower.

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Tax planning
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Fight to kill CFPB arbitration rule could rest on whose data is right

5 best and worst states for consumer credit scores

FHFA to seek public input on alternative GSE credit score model

The Latest

Fannie expands Day 1 Certainty program

State's economic strength boosts Bank of Hawaii profits

Treasury says CFPB arbitration rule hurts consumers

New MBA Chair: 'Regulation by enforcement' isn't helping

Texas receives $58M in CDBG funds to rebuild after Harvey

Language question added to the loan app against lenders' wishes

Voices

Ban origination fees on VA refis to curb veteran mortgage churn

Joseph Murin

Hurricane damage can be costly, but housing market recovery is swift

Ralph DeFranco

Regulatory playing field for banks, nonbanks is anything but level

Scott Olson

Texas tax-lien transfers: Maligned and misunderstood

Thomas Mackie III

Multimedia

5 best and worst states for consumer credit scores

7 things to look for at #MBAAnnual17

Resources

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