AMCs Should Compete On What Matters Most To Lenders
BLOG VIEW: The fourth anniversary of the signing of the Financial Regulatory Reform Bill, better known as the Dodd-Frank legislation, passed in late...
Former NFL Star Irving Fryar To Enter Plea In Mortgage Fraud Case
Former National Football League (NFL) star Irving Fryar is reportedly scheduled to appear in New Jersey state court later this month, when he...
Survey Shows ATR/QM Rules Are Negatively Affecting Approvals
As a mortgage banker, would you be surprised to learn that the Consumer Financial Protection Bureau's (CFPB) new mortgage rules are reducing approval...
Sanjeev Malaney: Data Integrity More Critical Than Ever For Lenders
PERSON OF THE WEEK: Sanjeev Malaney is founder and CEO of Capsilon, a provider of cloud-based document management solutions to the mortgage banking...
The Riskiest Thing About Vacant REO: Those Darn Swimming Pools
BLOG VIEW: As a former REO manager and senior vice president of a major third-party asset management outsource company, I have toured numerous...
Has The Electronic Frontier Finally Arrived?
BLOG VIEW: For years, experts in the mortgage industry predicted that electronic documents and e-mortgages were poised to be the next big trend...
JPMorgan Reaches Settlement Agreement With Investors Over Faulty MBS
A group of 21 institutional investors, including BlackRock Inc., Pacific Investment Management Co., U.S. Bank and Bank of New York Mellon Corp., have...
Steve Wiser: For Lenders, Automation Is A Path To Profitability
PERSON OF THE WEEK: Steve Wiser is president of Specialized Business Software, a provider of custom software solutions for insurance, mortgage and financial...
Squatters: The New-Old Problem That Won’t Go Away
BLOG VIEW: In the ever-evolving world of mortgage default servicing, there is an erroneous belief that the recent proliferation of 'squatters' invading vacant,...
Report Lambastes Servicers For Doing Poor Job With HAMP
The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) has issued a report sharply criticizing mortgage servicers for...
Fed To Keep Tapering; Final Reduction Expected This Fall
Citing that labor market conditions continue to improve and that inflation hasn't yet reached the 2% threshold, the Federal Reserve will continue to...
How CRM Systems Can Drive Both Business And Compliance
BLOG VIEW: As the mortgage market shifts from refinance to purchase, the profitability, perhaps even viability, of many firms will depend on how...
Cats And Dogs: Agents And Field Service Companies Need To Work Together
BLOG VIEW: Having more than 20 years of experience as a real estate agent and broker - 16 of which have been focused...
CFPB Seeks To Ease HMDA Reporting Requirements
So as to not overly restrict consumer access to mortgage credit, the Consumer Financial Protection Bureau (CFPB) is easing its reporting requirements for...
Zillow To Keep Trulia Brand Intact
Zillow has announced its intention to acquire Trulia for $3.5 billion in a stock-for-stock transaction - a deal that, if approved, will create...
How A Zillow-Trulia Merger Could Hurt Mortgage Lenders And Consumers
BLOG VIEW: The proposed merger of Zillow and Trulia would be a great win for shareholders of both companies and a hit to...
Ed Fay: Servicing Non-QM Loans Will Require High Touch Approach
PERSON OF THE WEEK: Ed Fay is founder and CEO of Fay Servicing, a special servicer and mortgage originator founded in the midst...
CFPB, FTC, States Take Action Against Foreclosure Relief Companies
The Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission and 15 states have brought action against three different foreclosure relief firms for...
The Good News And Bad News On REO Deed Fraud
BLOG VIEW: There's good and bad news for lenders when it comes to real estate owned (REO) deed fraud as we head into...
Billions In Big Bank Fines Highlight Need For Better Document And Data Tracking
BLOG VIEW: It's rare that a week goes by that I don't read a headline about a big bank being fined billions of...