No Love For The Inept
BLOG VIEW: Some time ago, I worked with a pleasant guy who was utterly wrong for the job he was given. He routinely...
The Federal Reserve Explains The New Foreclosure Review Process
WORD ON THE STREET: The enforcement actions that the Federal Reserve Board issued in April 2011 against 10 banking organizations require servicers to...
Is FHA Claim Processing The Next Servicing Monster?
REQUIRED READING: It was bound to happen. It was always known that the rapid market growth of the Federal Housing Administration's (FHA) insured-loan...
Special Servicers Need To Sharpen Up Their Data Skills
REQUIRED READING: Investors are finding more mistakes and missteps in defaulted loans that took place during the loan origination process of the past...
Colleen Aylward: How To Get A Job In Today’s Rough Market
PERSON OF THE WEEK: Seeking a new job can be a stressful experience in the best of economic times, and it is certainly...
Uh, Hello? GSE Reform?
BLOG VIEW: During one of the seemingly infinite number of Republican presidential candidate debates, Rep. Michele Bachmann considered the two front-runners as a...
Getting A Handle On Complex Financial Institutions
WORD ON THE STREET: There is no single issue more important to the stability of our financial system than the regulatory regime applicable...
How To Manage The Media At Crisis Time
REQUIRED READING: Combine today's financial crises with a media landscape that has expanded exponentially with the acceleration of online and social media channels,...
Hidden HOA Fees Loom Large In Loss Mitigation
REQUIRED READING: As if mortgage servicers didn't have enough on their plates today, they are also facing a lesser-known, but increasingly common problem:...
Dr. Steven Yates: Did Alexander Hamilton Launch Today’s Economic Crisis?
PERSON OF THE WEEK: Some questions defy easy answers, especially when the query relates to present-day economics. For Dr. Steven Yates, a philosophy...
Is The Justice Department Incompetent?
BLOG VIEW: Did somebody close down the U.S. Department of Justice (DOJ) without telling us? That theory would seem to make sense, since...
The MBA Considers The Private Mortgage Market Investment Act
WORD ON THE STREET: The purpose of the proposed Private Mortgage Market Investment Act (PMMIA), as set forth in the draft bill, is...
HUD’s Role In The Manufactured-Housing Sector
REQUIRED READING: In 1974, Congress enacted the National Manufactured Housing Construction and Safety Standards Act, which was later amended by the Manufactured Housing...
A Due-Diligence Primer For Selecting Tech Vendors
REQUIRED READING: Smart technology solutions are no longer confined to a single department within a mortgage banking operation. Once the technology requirements are...
Suzanne Ball Takes On The Property Maintenance Challenge
PERSON OF THE WEEK: Despite news reports that insist the economy is beginning to improve and the housing market is slowly stabilizing, there...
Five Questions For Richard Cordray
BLOG VIEW: Richard Cordray is making his Capitol Hill debut this week as the director of the Consumer Financial Protection Bureau (CFPB). Needless...
The Challenges Of Implementing The Dodd-Frank Act
WORD ON THE STREET: The implementation of the Dodd-Frank Act has been, and continues to be, a formidable task. At the Federal Reserve,...
CFPB Exam Procedures Foreshadow Areas Of Interest
REQUIRED READING: The servicing industry has cautiously eyed the evolution of the Consumer Financial Protection Bureau (CFPB) since the bureau's inception in 2010...
High-Quality Origination Begins With Due Diligence
REQUIRED READING: Four years have passed since the early waves of widespread default began to buffet the mortgage industry, but there still are...
Michael R. Bang: Justifying Strategic Default
PERSON OF THE WEEK: You may not expect a book advocating strategic default to be written by the owner of a real estate...