MBA Newslinks Archive

Terrell Cassada of LoanLogics: Real Secondary Market Loan Confidence Happens from Within

New technologies, including AI, machine learning tools and rules-driven workflow, are finally being applied to the loan production process with gusto. Real results are being achieved through automation that drives fewer underwriting touches and exposes quality issues earlier in the production process. And now the secondary market—one of the last remaining components of loan manufacturing still awash in spreadsheets, manual processes, and data inconsistencies—is finally getting its turn at bat.

Elevating Your Quality Quotient, Part II: Mortgage Servicing Post-Pandemic

Regulations offer guardrails, but rebuilding trust is key to a vibrant mortgage servicing industry. The hurdles of the Great Financial Crisis have been largely overcome and the COVID-19 Pandemic National Emergency was formally decreed behind us on April 10. So, what does the marketplace for servicing look like today and what aspects of servicing could look different in the future?

Quote: May 24, 2023

“My job gives me a front-row seat to the workings of government. Every day, I hear from policymakers. Every day, I see the rules they roll out, and the ones coming down the pike. Frankly, what I’m witnessing is deeply concerning.”
–Mortgage Bankers Association President & CEO Bob Broeksmit, CMB.

MBASecondary23: The Future of Financial Stability

NEW YORK—What issues are affecting the financial markets? Here at the Mortgage Bankers Association’s National Secondary Market Conference & Expo, panelists said much of the future depends on what happens—or doesn’t happen—in Washington, D.C. over the next year or so.

Seth Sprague, CMB, of Richey May: Now’s the Time to Prepare for FHFA/Ginnie Mae Rules Changes for Non-Bank Servicers

On August 17, 2022, the Federal Housing Finance Agency and Ginnie Mae jointly announced updated minimum financial eligibility and capital rules for seller/servicers and issuers. These changes update the capital and financial eligibility requirements for non-bank servicers that have been modified over the past year. Understanding the new requirements is critical for seller/servicers and issuers to maintain compliance; however, these changes also raise potential strategic and operational challenges in the future.