Good morning and happy Monday! Welcome to October; or as 2020 would say, “hold my beer.”
Category: News and Trends
Sponsored Content from ServiceLink: Keeping Up with Surging Demand Requires Smart Technology
With record-low interest rates and an ongoing rush of refinance demand, mortgage lenders are racing to process as much business as they can. How can their settlement service providers help?
Jessica Longman: Education is Key–Reduce Homeowner Frustration Regarding Property Taxes
Some of the most common questions that servicers receive from customers revolve around property taxes. An important aspect to providing an excellent experience for your customers includes educating them on the critical pieces they need to know about their loan; in turn this will reduce call volume relating to property tax questions and reduce overall homeowner frustration about taxes and payments.
mPower Event at MBA Annual20 with Capricia Marshall Oct. 20
mPower, MBA Promoting Opportunities for Women to Extend their Reach, hosts its always popular event at this year’s MBA Annual20, featuring Ambassador Capricia Marshall.
Quote
“There is a tremendous amount of churn in this job market. The pace of layoffs remains high, and even though many employees are being rehired, net employment gains are slowing.”
–MBA Chief Economist Mike Fratantoni, on Friday’s jobs report.
MBA Advocacy Update
On Wednesday, President Trump and Congress agreed to a Continuing Resolution that funds the federal government through mid-December and reauthorizes the National Flood Insurance Program through September 30, 2021.
MBA Offers Recommendations to CFPB ‘Seasoned QM’ Proposal
The Mortgage Bankers Association, in an Oct. 1 letter to the Consumer Financial Protection Bureau, offered several recommendations in response to the Bureau’s request for comment on its proposed rule creating a new category of “seasoned” Qualified Mortgage loans.
MBA, California MBA Oppose California Props. 15 and 21
On Election Day, Californians will vote for or against two ballot initiatives strongly opposed by the Mortgage Bankers Association, California MBA and other industry partners.
Joe Ludlow of Advantage Systems on the Science of Financial Data
Joe Ludlow is Vice President for Irvine, Calif.-based Advantage Systems, a provider of accounting and financial management tools for the mortgage industry.
State Financial Regulators Seek Comment on ‘Prudential Standards’ for Nonbank Mortgage Servicers
The Conference of State Bank Supervisors seeks public input on proposed regulatory prudential standards for nonbank mortgage servicers, as the state-regulated industry covers an increasing share of this market. The Mortgage Bankers Association issued a statement in support of the proposal.