Pump Up The Sales Volume: Housing Finance Agencies At Work
REQUIRED READING: On Oct. 19, 2009, the Obama administration announced the launch of a federal initiative to support the continuation of low mortgage rates...
When Does Communication Turn Into Collection?
REQUIRED READING: Loss mitigation is the mantra of the mortgage industry. With no foreseeable end to the mortgage crisis, the environment has shifted from...
Can Improved Due Diligence Reanimate The Secondary Market?
REQUIRED READING: New legislation that would overhaul the nation's financial regulatory structure has caught the attention of just about everyone in the nation's financial...
Uncovering Fraud In Nonperforming Loans
REQUIRED READING: When you look for fraud, you might be surprised at how often you can link the payment issues with a misrepresentation in...
Is The Reverse Mortgage Market Beginning To Slow Down?
REQUIRED READING: After many years of accelerating growth, the reverse mortgage sector appears to be running into problems. This development could prove to be...
Mapping Out A Smooth Voyage Into Mandatory Execution
REQUIRED READING: Lenders need to take a hard look in the mirror when they consider switching from best-efforts to mandatory loan executions. They...
As Mediations Take Hold, Servicers Seek To Improve The Process
REQUIRED READING: With nearly one in eight mortgages either delinquent or in the foreclosure process right now, the social momentum and legislative motivation to...
Valuation Alternatives Emerge, As BPOs Hold Court
REQUIRED READING: Broker price opinions (BPOs) - by most estimates, the dominant valuation tool in pre-foreclosure scenarios - are not without their detractors. This...
High-Tech Creativity: Teach An Old LOS New Tricks
REQUIRED READING: In the past decade, the mortgage industry has been bombarded with complex and complicated technologies that were marketed with promises of achieving...
Have Underwriting Standards Become Too Tight?
REQUIRED READING: John Walsh does not need to be convinced that underwriting standards are tight - he discovered that the hard way when a...
What May Lie Ahead With Nevada’s FMP
REQUIRED READING: The state of Nevada has finally unveiled new rules for its Foreclosure Mediation Program (FMP). Under this relatively new program, homeowners and...
Correspondent Lending Races Down A Bumpy Road
REQUIRED READING: Jean Badciong has noticed the change in the correspondent lending sector - but, then again, it is hard for her not to...
A Deal From Uncle Sam: The Grandfather Rule
REQUIRED READING: We all like a good deal. The trick is to know a good deal when you see one and then take the...
Reconsidering The Housing Markets
REQUIRED READING: In the U.S. today, there are 9.2 million extremely low income (ELI) renter households (incomes of 0-30% of their area median) and...
CRA At The Crossroads
REQUIRED READING: Redlining, or the denial of services based on neighborhood, is pernicious. The practice thwarts opportunities for growth and leaves economic value on...
Arm Your Shop Against FCRA Violation Claims
REQUIRED READING: The first article in this multi-part series provided a historical overview of the Fair Debt Collection Practices Act (FDCPA) and the...
Reversing Directions: Servicers Drive Short Sales Forward
REQUIRED READING: How do you transform complex and historically accidental transactions into tightly controlled, premeditated actions? That's the question facing many servicers today...
FHA Appraisal Independence Policies Change The Playing Field
REQUIRED READING: The mortgage and appraisal industries have settled into and are working within the Home Valuation Code of Conduct (HVCC) that became...
You’ve Got To Have (Good) Faith When Negotiating
REQUIRED READING: So you have a customer who has fallen behind on his or her mortgage payments, and the normal customer-service collection efforts...
Looking Ahead To The Next Decade In Housing
REQUIRED READING: John K. McIlwain has seen the future of housing - and it doesn't look anything like the past. McIlwain, a senior...