The Financial Stability Oversight Council issued its annual report in December where it identified the growth of nonbank mortgage origination and servicing as a risk to the U.S. financial system. But is this really correct?

In this third and final article on 2020 potential challenges, we find ourselves staring into the glassy lake. The answers on what is important reside not with prescriptive solutions offered, but beneath the surface to ensure that what is undertaken aligns with strategy and the ability of innovations to be found.

Smoother internal processes can lead to happier consumers, increased profitability and reduced costs. Somewhere in your internal processes, you also have efficiencies to gain.

On December 23, MBA sent a letter to Ginnie Mae offering recommendations on how the agency can improve its upcoming Digital Collateral Guide. Last week, the U.S. Department of Homeland Security and the New York Department of Financial Services both issued warnings alerting companies to potential cybersecurity risks. And on December 20, the Georgia Department of Banking and Finance finalized rules regarding mortgage loan originator temporary authority.

The Tennessee Mortgage Bankers Association is providing up to $10,000 in college scholarships for 2020, its 60th anniversary year.

The Mortgage Bankers Association and MBA NewsLink are accepting nominations for the MBA NewsLink 2020 Tech All-Star Awards. The nomination deadline has been extended to Friday, Jan. 17.