In the wake of the 2008 global financial crisis, many risk managers in the mortgage issuance industry were caught flat-footed with representations and warranties exposure, also commonly known as repurchase exposure.
Category: News and Trends
MBA Cancels Technology Solutions Conference
The Mortgage Bankers Association canceled its Technology Solutions Conference & Expo in Los Angeles out of concerns stemming from the spreading coronavirus crisis.
People in the News
Hines, Houston, promoted Laura Hines-Pierce to Senior Managing Director – Office of the CEO. She will work alongside President and CEO Jeff Hines to help shape firmwide strategy and manage key risks.
Mark P. Dangelo: The Challenges of Reskilling—Part 3
While reskilling initiatives lack the sensationalism of postulating alien radio waves, the innovation predicament caused by continuous innovation cannot be “waved away” by slogans, academics or politicians. Reskilling workforces is likely the largest challenge of the decade facing every banking leader.
February Mortgage Credit Availability Dips
Mortgage credit availability decreased in February, according to the Mortgage Bankers Association’s Mortgage Credit Availability Index.
Fannie Mae: Consumer Confidence in Housing Near Record High Despite Slight Dip
The Fannie Mae Home Purchase Sentiment Index dipped slightly in February, decreasing 0.5 points to 92.5, but remained near its survey high of 93.8.
CoreLogic: December U.S. Delinquency Rate Lowest in 20 Years
CoreLogic, Irvine, Calif., reported just 3.7% of mortgages in some stage of delinquency in December, the lowest for a December in more than 20 years.
Portfolio Risk Management: Repurchase Risk for Non-QM Mortgages
In the wake of the 2008 global financial crisis, many risk managers in the mortgage issuance industry were caught flat-footed with representations and warranties exposure, also commonly known as repurchase exposure.
People in the News
Hines, Houston, promoted Laura Hines-Pierce to Senior Managing Director – Office of the CEO. She will work alongside President and CEO Jeff Hines to help shape firmwide strategy and manage key risks.
MBA Advocacy Update
This past Monday, the House passed two MBA-supported affordable housing proposals that now head to the Senate for consideration. On Friday, the Consumer Financial Protection Bureau announced several important initiatives designed to prevent consumer harm.