Curt Rohner And The Greening Of New Orleans
PERSON OF THE WEEK: In the five years since New Orleans was wrecked by Hurricane Katrina, the city has struggled to fully regain...
Quality Control, Or The Lack Thereof?
BLOG VIEW: You may recall from an earlier blog that I am taking a course on how to become an emergency medical technician...
The Evolution Of Mortgage Fraud
WORD ON THE STREET: I was living in Atlanta in the summer of 1996 when I first became aware of mortgage fraud. Houses...
Low-Volume Servicers Dish Default-Tech Needs
REQUIRED READING: Servicers' investments in default servicing technology are largely being driven by the complex investor and regulatory requirements that are hitting shops...
The Continued Evolution Of Reverse Mortgages
REQUIRED READING: Reverse mortgage originators and servicers may do well to forget some of what they know - or think they know -...
Code Compliance Requires Proactive Efforts, Says CVS’ Kim Hartmann
PERSON OF THE WEEK: For a long time, municipal codes governing abandoned and vacant properties have been considered a thorn in servicers' sides....
Why Is The Obama Administration Failing?
BLOG VIEW: There is a famous quote from Gen. John J. Pershing that says, 'A competent leader can get efficient service from poor...
Seeking A New Analytical Consistency With CRA
WORD ON THE STREET: Overall, Community Reinvestment Act (CRA) implementation effectively suffers from covering an ever-decreasing share of mortgage and financial services markets...
The New Wave Of De Novo Lenders
REQUIRED READING: In March, industry veteran David Hall announced that he had opened a de novo mortgage banking company in Michigan. For some...
E-Recording Slowly Gains Ground In Jurisdictions Nationwide
REQUIRED READING: According to the Property Records Industry Association, the national standards-setting body for the land records industry, there are more than 3,600...
Tony Garritano And The Newest Industry Trade Group
PERSON OF THE WEEK: Does the financial services industry need a new trade association? Don't bother answering, because it has one: the PROGRESS...
Explicit Versus Implicit: What’s In A Guarantee?
WORD ON THE STREET: As I stated in my testimony in May before the House Subcommittee on Capital Markets, the main purpose in...
Are You Encouraging Torture By Telephone?
BLOG VIEW: I never found much appeal in the basic concepts of masochism, and this may explain my problems in dealing with many...
New Loss Mit Statutes Added In North Carolina
REQUIRED READING: Loan servicers will now face more scrutiny in their efforts to assist distressed North Carolina borrowers. In November 2009, North Carolina's...
Factors To Consider When Buying A Decisioning Platform
REQUIRED READING: After Fannie Mae launched Desktop Underwriter (DU) in 1995, technology vendors began developing their own decisioning solutions for use by lenders....
Time To Rethink Segmented Communication
REQUIRED READING: Even as the economy slowly sputters back to life, it is a new world for mortgage servicers. Continued risk, overburdened resources...
Are You Ready For A New Challenge?
BLOG VIEW: Two weeks ago, I began taking a course on how to become an emergency medical technician (EMT). The course runs through...
The Challenges Faced By Credit Unions
WORD ON THE STREET: These difficult economic times have required the National Credit Union Administration (NCUA) to intensify its diligent oversight and rigorous...
The Evolution Of Loan-Level Data In Analyzing RMBS Investments
REQUIRED READING: There is more than enough blame to go around for the meltdown in the residential mortgage markets. Each constituent in the...
Mastering The Flow: How To Bring Efficiencies To Work Management
REQUIRED READING: Mortgage servicing is a cause-and-effect, process-based operation with many different departments dependent upon others to resolve varying pieces of the process....