The Mortgage Bankers Association and nearly a dozen industry trade groups sent a letter this month to the Federal Communications Commission offering recommendations to improve an FCC draft order addressing robocalls and “spoofing.”
Category: News and Trends
Anita Bush: Offering Forbearance Under the CARES Act – A New Reality for Mortgage Servicers
According to the latest Mortgage Banker Association Forbearance and Call Volume Survey, the total loans in forbearance stands at 8.47%. While the number of new forbearance requests is declining, many servicers may still be working with forbearance borrowers for the rest of this year and into 2021. Here’s what servicers can do to handle this new reality.
MBA Education Path to Diversity Scholar Profile: Candace Hargrave
(One of a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)
People in the News July 8, 2020
LenderClose, Des Moines, Iowa, appointed Martina Schubert as chief technology officer, responsible for aligning technological vision with the company’s needs to positively impact current and future operations.
Michael Steer & Erin Harris: Accelerated Digital Mortgage Tech Strategies Must Also Include Sound Vendor Management
Adherence to vendor management best practices needs to remain top of mind for lenders even when accelerating their digital mortgage tech selection and deployment process. Compliance with regulatory requirements and proper risk mitigation are not steps to be overlooked.
Quote
“It is critical that the Commission’s rules governing call-blocking practices protect consumers from the risk that they might not receive important, often time-sensitive, calls from health care providers, finance companies, banks, credit unions, other participants in the financial services marketplace, retailers and other legitimate businesses.”
–From an MBA/trade group letter to the FCC asking that final rules on robocalls and “spoofing” include safeguards for financial services providers conducting legitimate business.
MBA, Trade Groups Submit Recommendations to FCC on Robocall Draft Order
The Mortgage Bankers Association and nearly a dozen industry trade groups sent a letter this month to the Federal Communications Commission offering recommendations to improve an FCC draft order addressing robocalls and “spoofing.”
CRE Counselors: COVID-19, Economy Top Survey Concerns
The Counselors of Real Estate, Chicago, said the COVID-19 crisis will teach commercial real estate practitioners new lessons about priorities, resilience and demand.
Black Knight: Cash-Out Refinances Fall Despite Record-High Tappable Equity
Black Knight, Jacksonville, Fla., said homeowners’ tappable equity rose by 8% annually in the first quarter to a record-high $6.5 trillion.
Dealmaker: JLL Closes 20-Property Portfolio for $106M
JLL Capital Markets, Atlanta, finalized a 20-property Project-Based Section 8 portfolio sale totaling 1,763 units and $106 million across Georgia, North Carolina and South Carolina.