The FDIC’s Relationship With Community Banks
WORD ON THE STREET: The economic environment for banks and their borrowers is slowly recovering but remains challenging. As a result of continued...
Restoring Trust And Reducing Risk With Loan-Level Reviews
REQUIRED READING: Perhaps there was a time when mortgage lenders, their investors, their warehouse-line providers and servicers could afford to do quality checks...
MSR Risk Management If You’re Not A Top-20 Shop
REQUIRED READING: In recent years, the majority of servicers that hedged the interest-rate risk of their mortgage servicing right (MSR) portfolios have done...
Roy B. Satz: Making Modifications Understandable
PERSON OF THE WEEK: When one thinks of do-it-yourself activities, loan modifications may not be an obvious choice. Yet Roy B. Satz believes...
The World According To Timothy Geithner
BLOG VIEW: The decision by Standard & Poor's (S&P) to downgrade the credit rating of the U.S. and various federal entities should not...
The Importance Of Servicing In Relationship Banking
WORD ON THE STREET: Residential mortgage lending has been an important component of CorTrust Bank's business since its founding and has grown more...
Taking Another Swing At REO Rentals
BLOG VIEW: The next month will likely be a busy one for professionals in real estate owned (REO) circles as they gather their...
In Defense Of Fannie And Freddie
REQUIRED READING: After existing in some form or another for over 70 years, it would seem that government-sponsored enterprises (GSEs) Fannie Mae and...
David Lo Dishes On Consumer (Dis)Satisfaction
J.D. Power and Associates recently published its 2011 study of consumer satisfaction with primary mortgage servicers. The results, perhaps unsurprisingly, weren't great. To...
What Else Is On The Menu?
BLOG VIEW: The other night, I was clicking around the television channels and came upon a program I never watched before: 'Master Chef,'...
The CFPB’s Impact On The Banking Industry
WORD ON THE STREET: The banking industry fully supports effective consumer protection. We believe that Americans are best served by a financially sound...
An Overview Of Today’s Warehouse-Lending Sector
REQUIRED READING: A year ago, there were fewer warehouse banks in the market, and volumes were much higher, leaving many lines at capacity...
The Condo Sector Struggles To Regain Its Footing
REQUIRED READING: While the economic crisis has created significant problems across the full spectrum of the residential home loan market, it appears that...
To Share Or Not To Share – That is The Question
REQUIRED READING: There are a number of people who assert that field calls cannot be performed by third parties because it is illegal...
What A Waste Of Money!
BLOG VIEW: There is an old saying that 'an enemy of my enemy is my friend.' There is also another old saying that...
Accountable Or Not? A Look At The CFPB’s Oversight Provisions
WORD ON THE STREET: Many factors contributed to the crisis, but none more so than an orgy of unsound leverage in the home...
Is A New Model Emerging In Vendor Management?
REQUIRED READING: The utilization of third-party vendors has long been a common practice within the business of residential mortgage loan servicing. Vendors are...
Collection Fundamentals Resurface Amid Exceptional Times
REQUIRED READING: Many servicers' default units, expectant of future servicing standards and additional best practices from the government-sponsored enterprises (GSEs) and state attorneys...
Jake Clopton Details The State Of Commercial Real Estate
PERSON OF THE WEEK: The commercial real estate (CRE) industry has experienced more than its fair share of ups and downs - but...
Barney’s Rubble
BLOG VIEW: Last week was the first anniversary of the passage of the Dodd-Frank Act - or as it has become known in...