Wednesday, October 30, 2024

Industry Updates

Source Material Is Vital To Assignment Validations

REQUIRED READING: When assigning a loan or a group of loans, servicers need to ensure that their assignments are completely accurate, with no...

How Does The Dodd-Frank Act Impact The Appraisal Process?

REQUIRED READING: The Dodd-Frank Act is the largest financial reform bill in U.S. history, covering the vast spectrum of consumer credit products and...

Is The Time Right To Outsource Post-Closing?

REQUIRED READING: Over the last three years, we have witnessed a massive upheaval of the mortgage banking industry. Despite the turmoil, however, one...

REO By The Numbers: Upgrading Disposition Strategies

REQUIRED READING: For close to a year now, real estate owned (REO) departments have been focused on preparing for the arrival of a...

Come Back, Private-Label RMBS!

REQUIRED READING: The private-label residential mortgage-backed securities (RMBS) market may be in a state of abeyance, but this does not mean that investors...

The Folly Of Mortgage Legislation: How Far It Has Gone, Part II

REQUIRED READING: There is assuredly more cause for alarm. Part I of this analysis (which appeared in the May 2011 edition of Servicing...

Eviction Edicts: The PTFA Undergoes Further Refinement

REQUIRED READING: As both the nation and the mortgage servicing industry continue to adapt and evolve in the wake of a challenging period...

Will Your Appraisals Pass The Test?

REQUIRED READING: Do you remember the children's game musical chairs? When the music stopped, nobody wanted to be left standing with no chair....

Is There Job Security In Mortgage Banking?

REQUIRED READING: With unemployment stuck above the 9% range and the national economy still far removed from a comfortable level of post-recession stability,...

Despite Efficiencies, Servicers Challenged By Regulatory Flow

REQUIRED READING: With more - and more intensive - investor and regulatory requirements being heaped upon servicers on an almost daily basis, the...

So You Want To Be A Commercial Real Estate Landlord?

REQUIRED READING: The world of commercial real estate finance is filled with numerous people who have become successful and wealthy after years of...

Ignore High-Quality Customer Service At Your Own Peril

REQUIRED READING: Joe sighed as he left the impromptu marketing meeting he had called that morning. As the new marketing manager of a...

Transparency Is King Among Investor Demands

REQUIRED READING: In his forthcoming book, 'Way Too Big To Fail: How Government and Private Industry Can Build a Fail-Safe Mortgage System,' Greenwich...

How Single Point Of Contact Will Transform The Mortgage Industry

REQUIRED READING: A regulatory earthquake seeking to reform how servicers treat delinquent borrowers is not just making waves in the mortgage world; it...

Collateral Valuations Need A Green Hue

REQUIRED READING: Here is the scenario: A homeowner spends $20,000 turning his home from an energy-sucking abode into an efficient, cost-savings oasis. This...

Taking A Broker-To-Banker Path To Secondary Marketing Success

REQUIRED READING: The last several years have presented a tremendous amount of disruption as it relates to operating an efficient, profitable retail mortgage...

Sizing Up The Shadow Inventory

REQUIRED READING: The housing market is stuck between a rock and a hard place. On one hand, costs are low. In fact, interest...

Art, Science Or Both? The Blurring Lines Of BPOs

REQUIRED READING: Data reigns supreme in the modern world of broker price opinions (BPOs), and evidence of that can be found in the...

Reverse Mortgages Will Pay Off For Patient Investors And Lenders

REQUIRED READING: The reverse mortgage industry continues to have a promising future, despite some stronger-than-expected headwinds. Quite frankly, time is on its side....

Appraisal Management Options For The Dodd-Frank Era

REQUIRED READING: With tighter restrictions and new state and federal regulations, many lenders are feeling their freedom being taken away one regulation at...