Congress was expected to reconvene today. The Senate is here; the House is not. House Democrats decided last week that the proximity of 435 Members—some wearing face masks, some defiantly not—was not prudent, particularly in a city that saw its highest death tolls yet from the coronavirus over the past several days.
Category: News and Trends
MBA Education Path to Diversity Scholar Profile: Christa Thomas
Christa Thomas is Assistant Director of Lending Operations with the Indiana Neighborhood Housing Partnership, Indianapolis and a participant in the MBA Path to Diversity Program.
Brenda Colter: Branch Advocacy Beyond Onboarding is Just the First Step
Joining a new company can be stressful and exciting all at the same time. After a mortgage loan originator gets their new equipment and completes training, the excitement might wear off, but the need for explanations, connections and support remains. hat’s why we need branch advocates who step in and support branches after onboarding concludes.
MISMO Issues Standardized Closing Instructions
MISMO, the Mortgage Industry’s Standards Maintenance Organization, announced issuance of standardized closing instructions.
Tools for a Construction Lender’s Toolbox in the COVID-19 Era
While lenders are rightfully reluctant to take over a distressed project, they would still be wise to remain prepared in the event they are left with no other choice. Lenders should consider the following tips in order to remain ready to take over a failing project.
People in the News
Homespire Mortgage, Gaithersburg, Md., announced Shondra B. Jenkins joined its team as Director of Philanthropy and Community Engagement, to further develop and enhance its corporate social responsibility programs and outreach.
MBA Launches Consumer Ad Campaign
The Mortgage Bankers Association launched a digital advertising campaign designed to help consumers facing financial challenges as a result of the COVID-19 pandemic and show how the mortgage industry is helping consumers through the coronavirus pandemic.
MISMO Launches Initiative to Apply Digital Mortgage Standards to Loan Modification Process
MISMO, the Mortgage Industry Standards Maintenance Organization, seeks industry participants to join its initiative of applying digital mortgage standards, guidelines and best practices to the loan modification process.
TransUnion: Coronavirus Giving Millennials Toughest Financial Challenges
The COVID-19 pandemic is causing similar financial hardship for consumers around the world, but new research from TransUnion, Chicago, shows Millennials are being challenged the most.
Britt Faircloth: Fairness in the Face of Crisis–Fair and Responsible Banking in the Midst of Chaos
As a compliance officer, I have always recognized that change is constant, and I accept that fact sometimes grudgingly. While regulatory change generally has ample implementation or lead time, March 2020 has brought a different kind of change; one that is significant, sudden and jarring. These days you can’t just ask who moved your cheese—assuming you could find cheese in the grocery store, that is—you must quickly and effectively adapt to an entirely new normal.