Mortgage Professional America, Feb. 25, 2020–Candyd Mendoza Equifax launched a package of mortgage-servicing products designed to support financial institutions throughout the loan-servicing life cycle.https://www.mpamag.com/news/equifax-launches-mortgageservicing-product-bundle-214763.aspx
MBA Newslinks Archive
California Lawmakers Want to Limit Development Fees on New Homes to Combat Housing Crisis
KABC-TV, Los Angeles–Feb. 25, 2020In an effort to combat the affordable housing crisis, state lawmakers announced a package of bills to limit development fees that can add thousands of dollars …
Venture Firm’s New Fund Helps E-Commerce Retailers Go Offline
Wall Street Journal, Feb. 25, 2020–Keiko Morris A real estate-focused venture capital firm closed a $100 million fund to invest in companies born online that are looking to join the …
The Real World: Why RON Matters and What Lenders Should Expect
There are countless arguments that have been made regarding why lenders should embrace remote online notarization, but in my eyes it all boils down to a few questions every lender should be asking themselves. How do I make it more convenient for my borrowers to do business with me? How do I fully realize the benefits of an eClosing? How can we increase loan officer referrals?
#MBAServicing2020: ‘Stronger Servicing Starts Here’
ORLANDO—Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, kicked off the MBA Servicing Solutions Conference & Expo here with praise for the work the mortgage servicing industry has done in recent years.
MBA Names Michael Flood SVP of Commercial/Multifamily Policy and Member Engagement
The Mortgage Bankers Association appointed Michael P. Flood as Senior Vice President of Commercial/Multifamily Policy and Member Engagement.
#MBAServicing2020: MBA Releases Default Servicing Alignment White Paper
ORLANDO—The Mortgage Bankers Association released a white paper that analyzes federal foreclosure prevention programs and offers recommendations to better align and standardize those programs.
The State of Mortgage Originations in a New Decade
The M Report, Feb. 24, 2020–Mike AlbaneseAltisource said 22 percent of people surveyed listed artificial intelligence as the most important factor in a competitive mortgage market. (MBA mention)https://themreport.com/daily-dose/02-24-2020/the-state-of-mortgage-originations-in-a-new-decade
Non-QM Lender Citadel Bought by Investment Partners
HousingWire, Feb. 24, 2020–Ben LaneCitadel Servicing, a growing lender that specializes in non-Prime and non-Qualified Mortgage lending, known as non-QM, now has a new owner.https://www.housingwire.com/articles/non-qm-lender-citadel-bought-by-hps-investment-partners/
FHFA to Take Closer Look at FHLB Membership Rules
National Mortgage News, Feb. 24, 2020–Hannah Lang (subscription)The agency plans to conduct a review of how it regulates the 11 Federal Home Loan banks amid concerns that some companies are …