MIAMI–Chief risk officers here at the Mortgage Bankers Association’s Risk Management, QA and Fraud Prevention Forum shared what keeps them up at night.
Category: News and Trends
Law Enforcement Officials See Increased Sophistication in Mortgage Fraud
MIAMI–Mortgage fraud cases have been a downward trend for more than a decade–all the more reason, said law enforcement officials here at the Mortgage Bankers Association’s Risk Management, QA and Fraud Prevention Forum, to be even more vigilant.
A Decade after Financial Crisis, a ‘New Normal’ For Residential Mortgage Servicing?
Ten years after the financial crisis, residential mortgage servicing is finally settling into a “new sense of normal,” said S&P Global, Dallas.
As Mortgages Shift to Purchase Market, So Do Fraud Schemes
MIAMI–“Fraud is beginning to show itself in new and exciting ways,” said Don Effertz, vice president of risk management with DataVerify Inc., Chesterfield, Mo.
As Mortgages Shift to Purchase Market, So Do Fraud Schemes
MIAMI–“Fraud is beginning to show itself in new and exciting ways,” said Don Effertz, vice president of risk management with DataVerify Inc., Chesterfield, Mo.
Lopez Urges Vigilance in ‘High-Risk’ Environment
MIAMI–Financial regulators are focusing intently on lenders’ risk management organizations and practices. So is the Mortgage Bankers Association.
MBA Statement on HUD OIG Audit of Ginnie Mae’s Oversight of Nonbanks
Mortgage Bankers Association President and CEO David Stevens, CMB, issued the following statement regarding the HUD Office of Inspector General Audit of Ginnie Mae’s Oversight of Nonbanks:
ARMCO: Critical Defect Rates Continue Upward Trend
MIAMI–ACES Risk Management, Pompano Beach, Fla., said critical loan defect rates continued to increase in the first quarter.
MBA: 2Q Commercial/Multifamily Mortgage Debt Rises to $3.06 Trillion
Total commercial/multifamily mortgage debt outstanding rose to $3.06 trillion at the end of the second quarter, an increase of $48.7 billion, or 1.6%, from the first quarter, the Mortgage Bankers Association reported this morning.
The Role of Refi vs. Purchase Lending During the Housing Crisis
MIAMI–The financial crisis that began in 2007-styled as the Great Recession, put housing in the crosshair, with some analysts asserting government policies aimed at increasing first-time home buyers were to blame. But research from the Urban Institute, Washington, D.C., points to the contrary.