The Mortgage Bankers Association and a half-dozen industry trade groups this week sent a letter to the White House and other government agencies discussing concerns and challenges facing homeowners in paying their mortgage due to the COVID-19 crisis.
Category: News and Trends
Mark P. Dangelo: Are Bankers Necessary?
In an age of innovation and rising artificial intelligence, are major functions facing commoditization, disintermediation, or automation as synthetic intelligence increases? What will remain after data science advancements improve the efficacy of automation, as consumers increasingly move into a fully digital delivery model?
Industry Briefs
Evolve Mortgage Services, Frisco, Texas, a provider of outsourced mortgage services, and Pavaso, Plano, Texas, a provider of digital mortgage closing technology, announced the ability to deliver a digital mortgage experience that includes a library of electronic- or e-enabled documents built entirely of Category One SMARTDocs and an eClosing platform that seamlessly supports Remote Online Notarization.
MBA Launches COVID-19 Members-Only Online Network
The Mortgage Bankers Association launched a new members-only online network, MBA’s COVID-19 Residential Policy Community.
Matt Hansen: New-Era ‘What-if’ Scenarios
The pandemic is evolving rapidly, requiring businesses to respond quickly. By this point, most lenders have confirmed employee well-being and transitioned workers to remote environments where possible. For their next move, lenders need to start playing an aggressive game of “what if.”
MBA, Trade Groups Outline Challenges Facing Borrowers Amid COVID-19
The Mortgage Bankers Association and a half-dozen industry trade groups this week sent a letter to the White House and other government agencies discussing concerns and challenges facing homeowners in paying their mortgage due to the COVID-19 crisis.
New York Fed Posts TALF Term Sheet
The Federal Reserve Bank of New York yesterday posted a term sheet indicating servicing advances are eligible collateral for borrowing from the Term Asset-Backed Securities Loan facility, also known as TALF.
Mark P. Dangelo: Are Bankers Necessary?
In an age of innovation and rising artificial intelligence, are major functions facing commoditization, disintermediation, or automation as synthetic intelligence increases? What will remain after data science advancements improve the efficacy of automation, as consumers increasingly move into a fully digital delivery model?
Coronavirus Slows Housing Market Despite Low Mortgage Rates
Mortgage rates fell to record lows just as Spring home shopping season began, but early signs point to a slowing market due to COVID-19 uncertainty, said Zillow, Seattle.
Industry Briefs
Evolve Mortgage Services, Frisco, Texas, a provider of outsourced mortgage services, and Pavaso, Plano, Texas, a provider of digital mortgage closing technology, announced the ability to deliver a digital mortgage experience that includes a library of electronic- or e-enabled documents built entirely of Category One SMARTDocs and an eClosing platform that seamlessly supports Remote Online Notarization.