Mortgage executives here at the MBA Risk Management, QA and Fraud Prevention Forum offered insights on leading their organizations through today’s lending environment, maintaining quality operations, managing credit risk and governing organizations in unpredictable times.
Category: News and Trends
#MBARMQA22: When Good Fraud Investigations Go Bad
NASHVILLE, TENN.—Kip Mendrygal, Partner with Locke Lord LLP, Dallas, says he’s seen a lot of weird stuff in his 20-plus years of investigating mortgage fraud.
MBA, Trade Groups Urge National Economic Council to Support FHA Insurance Premium Reduction
The Mortgage Bankers Association and other industry trade groups urged the National Economic Council to support a reduction of the annual mortgage insurance premium for borrowers with FHA-insured loans.
#MBARMQA22: Strategies for Detecting Fraud
NASHVILLE, TENN.—The current mortgage fraud environment is evolving, with new risks emerging in a post-pandemic environment, analysts said here at the MBA Risk Management QA and Fraud Prevention Forum.
#MBARMQA22: Focusing on the Weakest Links
NASHVILLE, TENN.—The housing market today is nothing like 2008, said Christa Lynn Greco, IA with the Criminal Investigative Division of the Federal Bureau of Investigation, Washington, D.C. But she said changing market conditions make the potential for mortgage fraud ever-present.
Critical Defect Rate Falls for 2nd Straight Quarter
ACES Quality Management, Denver, said the overall critical defect rate declined for the second straight quarter despite a more challenging mortgage lending environment.
MBA White Paper: Office Market ‘Likely Changed Forever’
The ongoing tug of war between employers and employees about returning to the office will accelerate as pandemic-related impacts fade, according to a new Mortgage Bankers Association white paper.
MBA Regulatory Compliance Conference in D.C. Sept. 18-20
The Mortgage Bankers Association’s annual Regulatory Compliance Conference takes place Sept. 18-20 at the Grand Hyatt in Washington, D.C.
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“Everyone has a role in risk management. Revenue is not as important as having sound practices in place.”
—-Cheryl Feltgen, Executive Vice President and Chief Risk Officer with Arch Mortgage Insurance Co., Greensboro, N.C.
CoreLogic: 2Q Mortgage Fraud Risk Drops by 7.5% Year Over Year
CoreLogic, Irvine, Calif., reported a 7.5 percent year over year decrease in fraud risk in as of the end of the second quarter.