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Industry News

Embrace Change to Better Manage and Mentor Millennials

Industry News - Thu, 09/11/2014 - 17:09
Speaking of millennials, working with this generation is going to become more important for all of us as they become, over the next few years, the largest part of our workforce.
Categories: Industry News

New WTC Tower Still Sits Vacant, But Is Already Full of Memories

Industry News - Thu, 09/11/2014 - 14:45
Thirteen years after the Sept. 11 attacks, the new One World Trade Center is poised to open soon, bringing back memories of a horrific day and hope for a future in which things carry on.
Categories: Industry News

PL RMBS Prospects Are Looking Up - Up North, That Is: Part 2

Industry News - Wed, 09/10/2014 - 17:44
Common sense underwriting, a regulatory system that abides by contract law, and borrowers who consider homeownership a privilege, not an entitlement, make Canada perfect for private -label residential mortgage-backed securities.
Categories: Industry News

Here Come the Redlining Investigations

Industry News - Mon, 09/08/2014 - 12:06
Allegations lenders failed to lend in certain geographic areas that are racially or ethnically diverse are mounting.
Categories: Industry News

Common Sense, Not Regulations, Should Rule Modification Policy

Industry News - Fri, 09/05/2014 - 14:06
Not every distressed borrower can, will or should get a modification. But in cases where they make sense, mod decisions should be swift and significant.
Categories: Industry News

Drafting the Right Fantasy Sales Team

Industry News - Thu, 09/04/2014 - 14:09
Most mortgage industry managers probably feel that the way they manage their businesses is pretty straight forward.
Categories: Industry News

Understanding the Technical Implications of the New Disclosure Rule: Part 1

Industry News - Wed, 09/03/2014 - 18:42
In less than one year, the new RESPA/TILA integrated disclosure final rule will take effect, impacting all aspects of lenders' origination processes and technology.
Categories: Industry News

PL RMBS Prospects Are Looking Up - Up North, That Is: Part 1

Industry News - Wed, 09/03/2014 - 15:59
The time has come for residential private-label mortgage-backed securities in Canada, but the market will look nothing like the United States'.
Categories: Industry News

Looking for New Leads? Try Naturalized Citizens

Industry News - Wed, 09/03/2014 - 14:41
Foreign-born nationals with U.S. citizenship have a lot of positive attributes that make them attractive mortgage applicants. What's even better is that millions are still renters.
Categories: Industry News

The Power of Bundling Technology and Operations for Mortgage Servicers

Industry News - Tue, 09/02/2014 - 13:23
For the average consumer, bundling purchases is a proven approach to improving value while reducing cost.
Categories: Industry News

Why Predictable Compliance Infrastructure Is Key

Industry News - Tue, 09/02/2014 - 12:26
Such a system will not erase past violations, but it can help convince a regulator that a lender is invested in doing business the "right way."
Categories: Industry News

B of A's Countrywide Woes Offer a Lesson in M&A Branding

Industry News - Fri, 08/29/2014 - 13:52
Bank of America has taken a significant reputational hit as a result of its 2008 acquisition of Countrywide Financial. Could it have mitigated some of the damage with a different branding strategy?
Categories: Industry News

What Bank of America Actually Did Wrong

Industry News - Thu, 08/28/2014 - 16:42
An examination of the details in the B of A settlement shows many examples of risky behavior, including mortgage applications that were underwritten with "shadow" guidelines that allowed exceptions to approve almost any loan.
Categories: Industry News

To Reach Millennials, Think Outside the Box

Industry News - Wed, 08/27/2014 - 20:06
It would be a lot easier if we could just order mortgages on Amazon, where perhaps prime borrowers who are also prime members could get a prime mortgage with free shipping.
Categories: Industry News

How Banks Can Back the Military on the Home Front

Industry News - Tue, 08/26/2014 - 13:00
Many active-duty service members are unaware that they are eligible to postpone mortgage payments under the Servicemembers Civil Relief Act. A group of major financial services companies have pledged to improve communication about this option, according to the Financial Services Roundtable's Tim Pawlenty and John Dalton.
Categories: Industry News

The Best 'Recipe' for Preparing for a CFPB Exam: Part 2

Industry News - Tue, 08/26/2014 - 12:31
It is clear that the Consumer Finance Protection Bureau has made the mortgage industry a top priority and its supervised entities have had to fall in line with its expansive rules and regulations quickly.
Categories: Industry News

Auto Case Shows CFPB Will Fine Lenders for Not Protecting Borrowers

Industry News - Mon, 08/25/2014 - 13:27
The latest action against an auto lender underscores the CFPB's expectation that lenders will affirmatively act to protect customers throughout and after the consumption of the transaction.
Categories: Industry News

Why Mortgage Lenders Have a Duty to Serve

Industry News - Thu, 08/21/2014 - 16:27
A mortgage industry laden with government enticements has no choice but to honor a duty to serve its benefactor's affordable housing goals, claim the authors of a new book.
Categories: Industry News

Selling Mortgages to Millennials

Industry News - Thu, 08/21/2014 - 12:22
Millennials may be the first group of homebuyer-aged Americans that don't buy into the American dream -- at least not the homeownership part of it.
Categories: Industry News

Why We Should Scrap Mortgage Interest Deductions

Industry News - Tue, 08/19/2014 - 15:58
The mortgage interest tax deduction is supposed to encourage homeownership among low- and middle-income Americans. But it primarily benefits higher-income taxpayers, according to a new study from the Mercatus Center at George Mason University.
Categories: Industry News

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