A Crisis Of Financial Responsibility
BLOG VIEW: (This week's Blog View is written by David Coster, author of Total Mortgage Services' Total Mortgage Blog. Phil Hall's regular blog...
Ensuring The Viability Of Minority Depository Institutions
WORD ON THE STREET: While community banks of all kinds are facing difficult tests in the current environment, minority institutions face especially severe...
Community Banks And Housing Finance Reform
REQUIRED READING: Community banks represent approximately 20% of the mortgage market - but, more importantly, much of this mortgage lending is concentrated in...
A New Assault On Mortgage Fraud
REQUIRED READING: Mortgage fraud is alive and well. The Financial Crimes Enforcement Network reported that financial institutions filed 92,028 mortgage loan fraud complaints...
Lorne DuFour: The Mortgage Servicing Code Talkers
PERSON OF THE WEEK: If you think that the only governmental burden carried by mortgage servicers comes out of Washington, think again. There...
Dealing With The Pink Ribbon Blues
BLOG VIEW: I am attending this year's Mortgage Bankers Association (MBA) Annual Convention, but I am leaving the event earlier than usual. You...
When Medical Billing Errors Disrupt Mortgage Banking
WORD ON THE STREET: I have been fortunate to sustain my business during the ups and downs of these economic times. I have...
Foreclosures? Fuggedaboutit! Loss Mit Alternatives Abound
REQUIRED READING: The goal of every lender and servicer is to have each mortgage perform at its maximal potential. This means that every...
How AMCs Help Lenders Expand Into New Markets
REQUIRED READING: As the residential mortgage industry continues to retrench and rebound, some lenders are choosing to expand their geographic footprint to reach...
Tyler Sherman On Ensuring Data Quality
PERSON OF THE WEEK: There seems to be an endless amount of talk on the need for quality control in mortgage banking. However,...
Romney’s Victims And Obama’s Victims
BLOG VIEW: If Mitt Romney wins the presidential election, it will be in spite of what he's said as a candidate, rather than...
CFPB: Our Mission Is To Be The People’s Champion
WORD ON THE STREET: The success of the Consumer Financial Protection Bureau depends on our accessibility to the American public. So from the...
A Foreclosure Fraud Primer
REQUIRED READING: The foreclosure crisis has generated an extraordinary amount of discussion, debate and media coverage - much of it focused squarely on...
Five Steps For Improving The Borrower’s Experience
REQUIRED READING: The Consumer Financial Protection Bureau (CFPB) has made the plight of borrowers a more important consideration for lenders making technology investments....
Bobby Welch Forecasts Mortgage Banking’s Near-Term Future
PERSON OF THE WEEK: The past few years in mortgage banking have been, for lack of a better word, tumultuous. But not everyone...
Knowing How To Deal With Hostile Feedback
BLOG VIEW: Regular readers of this blog and my editorials in Secondary Marketing Executive and Servicing Management may have noticed that I am...
Restoring Financial Stability Through Properly Aligned Incentives
WORD ON THE STREET: In 2011, with significant input from others at the Federal Reserve Bank of Kansas City, I proposed that the...
HAMP: The Sequel
REQUIRED READING: When the federal government first introduced the Making Home Affordable (MHA) program in 2009, the Home Affordable Modification Program (HAMP) was...
It Pays To Be Nice To The Consumer
REQUIRED READING: Laurence Platt, a prominent attorney with the Washington, D.C.-based law firm K&L Gates, recently told an audience of mortgage bankers, 'You...
Patricia Raymo: The Secret Of Mortgage Banking Success Is…
PERSON OF THE WEEK: In 1988, Leif Thomsen founded Mortgage Master in the basement of his home in Walpole, Mass. The company is...