Covius, Denver, integrated Stavvy into its loss mitigation and loan modification platforms. Stavvy is a Boston-based fintech company specializing in eClosing functionality and remote online notary services.
Category: News and Trends
MBA Chart of the Week Jan. 7 2022: Insured Employment 2020-2021
This week’s MBA Chart of the Week highlights the steep rise in insured unemployment at the start of the pandemic (March 2020) and its steady decline through the fall of 2021 as the labor market improved (and related government financial support to households waned).
MBA Servicing Solutions Conference & Expo in Orlando Feb. 22-25; Early Registration Deadline TODAY
The Mortgage Bankers Association’s Servicing Solutions Conference & Expo 2022 takes place Feb. 22-25 at the Hyatt Regency Orlando. Early registration deadline is this Tuesday, Jan. 11–save more than $200 by registering now.
Call for Nominations: MBA NewsLink 2022 Tech All-Star Awards; Deadline Jan. 21
The nomination period for the MBA NewsLink 2022 Tech All-Star Awards is underway with a new, simplified entry form. Nominations will be accepted through Friday, Jan. 21.
Bruce Schultz of Gateway First Bank: Promoting Affordable Homeownership in the Age of COVID
The COVID-19 pandemic presents residential mortgage lenders with an opportunity to expand their role in a critically needed area of community development – advancing affordable homeownership.
Fred Gooch of First American Docutech: National RON Standard Will Boost Lender, Borrower Adoption of Digital Closings
Importantly, the SECURE Notarization Act does not replace traditional in-person notarization, which will remain an option for anyone who chooses it. Rather, it simply allows RON as an additional alternative for lenders and consumers. The SECURE Notarization Act preserves and expands consumer choice.
MBA Advocacy Update Jan. 10, 2022
On Wednesday, the Federal Housing Finance Agency announced it directed the GSEs to increase upfront fees for high-balance conforming and second-home loans. Also last week, FHFA determined that the revised Duty to Serve Proposed Underserved Markets Plans for 2022-2024 submitted by the GSEs did not meet the non-objection standard for any of the three underserved markets.
Veros: Slightly Slower Home-Price Growth, Still-Booming Market in 2022
Veros Estate Solutions, Santa Ana, Calif., released its Q4 2021 VeroFORECAST data, projecting home prices will appreciate on average 6.8% for the next 12 months—slightly less anticipated growth compared to its third quarter predicted national average appreciation of 7%.
December Employment Up 199,000; Unemployment Rate Falls Below 4%
Total nonfarm employment rose by just 199,000 jobs in December, well below consensus expectations, as employers continued to have trouble filling open positions, the Bureau of Labor Statistics reported Friday.
Industry Briefs Jan. 10, 2022: Covius Integrates with Stavvy on RON Signing for Loss Mitigation Clients
Covius, Denver, integrated Stavvy into its loss mitigation and loan modification platforms. Stavvy is a Boston-based fintech company specializing in eClosing functionality and remote online notary services.