Veteran securitization market expert Bruce Miller has come on board Digital Risk to lead its structured finance consultancy. Mr. Miller will be responsible for assessing the risk mitigation and mortgage performance optimization needs of the company's clients. Acknowledging market turmoil, Mr. Miller told the Mortgage Bankers Association's National Secondary Market Conference and Expo that, "It's not an exaggeration to say that every mortgage originator in the last four years should have a third-party forensic review." Digital Risk is a loss mitigation solutions provider that can be found on the Web at http://www.digitalrisk.com.
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Experts have some tips for how to best employ strategies that can minimize the damage from changes in the market.
September 15 -
Bill Pulte, FHFA director, has ordered Fannie Mae to update its servicer guide to mirror Freddie Mac policy regarding notifying borrowers about dropping MI.
September 15 -
Seven of eight offices are open; debit cards are capped at $1,000 a day; and the bank's website is down. The bank has given no restoration date.
September 15 -
It will be a promotion for Jones, currently the deputy assistant secretary for single-family housing at the Department of Housing and Urban Development.
September 15 -
The Federal Housing Administration share of August new-home purchase applications hit its highest mark in three months, the Mortgage Bankers Association said.
September 15 -
While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank's communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.
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