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?
MBA Newslinks Archive
People in the News
The Mortgage Bankers Association presented Stacey Berger, Executive Vice President of Midland Loan Services, with its 2020 Commercial Real Estate Finance Distinguished Service Award.
MBA NewsLink Monday, February 24, 2020
Kraninger Wants More Money for CFPB. White House Has a Different Plan
American Banker, Feb. 20, 2020–Kate Berry (subscription)The Trump administration proposes cutting personnel and other budgetary items at the bureau, while the agency’s director — who controls the purse strings and …
Wells Fargo Nears About $3 Billion Deal to End Federal Probes
Bloomberg, Feb. 20, 2020–Hannah LevittThe long-anticipated settlement would mark the largest yet from a series of scandals that claimed two chief executive officers and fueled billions of dollars in operating …
House Bill Would Extend VA Loans to Co-ops
HousingWire, Feb. 20, 2020–Kathleen HowleyReps. Carolyn Maloney, D-N.Y., and Eleanor Holmes Norton, D-D.C., introduced the bill, known as Fair Access to Co-Ops for Veterans Act. It would resurrect a five-year …
Moody’s: Weaker Non-QM Underwriting Increases Default Risk
National Mortgage Professional, Feb. 20, 2020–Phil HallInvestors are facing a new threat of default risk in residential mortgage-backed securities due to weaker underwriting in non-QM mortgages, according to a new …
Administration Nominates Dana Wade as FHA Commissioner
The Trump Administration yesterday said it intended to nominate Dana Wade as Assistant Secretary for Housing and Federal Housing Commissioner.
California Court Dismisses Lawsuit Against Zillow
HousingWire, Feb. 20, 2020–Kathleen HowleyA U.S. District Court judge on Tuesday dismissed a lawsuit against Zillow alleging damages stemming from the unauthorized access of a listing.https://www.housingwire.com/articles/california-court-dismisses-lawsuit-against-zillow/
In America’s Richest Town, $500K a Year is Now Below Average
Bloomberg, Feb. 20, 2020–Shelly Hagan, Wei Lu, Sophie AlexanderYou could easily drive through this leafy Silicon Valley suburb without realizing you were in America’s richest neighborhood. From the road, it’s …