January 16, 2018
The Mortgage Bankers Association and MBA Insights are accepting nominations for the MBA Insights 2018 Tech All-Star Awards. Nominations will be accepted through Friday, Jan. 19.
Matthew J. Tomiak is managing director with Redwood Trust Inc., Mill Valley, Calif., the largest U.S. issuer of jumbo private-label mortgage-backed securities. He helps manage Redwood's jumbo loan conduit and securitization programs and is a frequent speaker and author on structured finance and securitization in the mortgage industry.
Over the years, banks and other financial firms have adopted advancements in technology, such as the Internet, online banking and smartphones into their business performances. Another major change in the customer service industry is already in the works.
The Mortgage Bankers Association released a new video featuring MBA Vice President of State Government Affairs and Industry Relations William Kooper, who discusses an MBA-sponsored Remote Online Notarization model legislation for states.
The Mortgage Bankers Association estimates new single-family home sales were running at a seasonally adjusted annual rate of 554,000 units in December, or 40,000 units on an unadjusted basis, based on data from our Builder Application Survey.
CoreLogic, Irvine, Calif., said home prices grew more than 6 percent year-over-year for the fourth consecutive month.
Cloudvirga, Irvine, Calif., hired Jim Portner as chief product officer and Sean McEvoy as Chief Customer Officer.
In this MBA video, Mortgage Bankers Association Chairman Dave Motley, CMB, previews the MBA National Mortgage Servicing Conference & Expo, taking place Feb. 6-9 in Dallas.
The Mortgage Bankers Association's Certified Mortgage Banker designation through MBA Education is considered one of the most robust mortgage-specific designations available. I recently had the opportunity to study the course with 29 fellow industry colleagues.
In the latest episode of her Buzzworthy podcast series, Ann Fulmer, chief strategy and industry relations officer for automated asset verification provider FormFree, Atlanta, suggests steps lenders should take to make the most of GSE pilots and other industry initiatives--whether they are participating in those pilots or not.
Lenders generally reserve against GSE repurchase exposure by setting aside a certain percentage of the original balance at origination for future repurchases. Considering the vast change in underwriting standards and guidelines from the loose underwriting standards before the global financial crisis of 2008 to today's very tight underwriting standards, it is time to re-evaluate how much is set aside for this exposure.
Data suggests that only a few metros are contributing to a renting-to-owning shift. Deciphering which are and which are not is critical--as is understanding what is driving this shift at the local level.
The Mortgage Bankers Association released a new video featuring MBA Chairman Dave Motley, CMB, who discusses his recent testimony on Capitol Hill and how the lending community is addressing "churning" of VA loans.
Info-Pro has been helping residential, commercial and agricultural lenders of all sizes manage risk and reduce costs while improving operational efficiencies related to servicing their mortgage loan portfolio.