The First American Corp. has announced that it will host the Mortgage Bankers Association's school of mortgage servicing Dec. 11-13 at First American's Westlake, Texas campus.Participants in the MBA's servicing school earn credits toward a Certified Mortgage Servicer designation. Dennis Jankowski, senior vice president of First American's default information services group, will coordinate First American's role in the event. Topics will include portfolio valuations, servicing sales and acquisitions, customer service, escrow, default, loss mitigation, and real-estate-owned transactions. Additional information can be found online at http://www.campusmba.org.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18