September 22, 2017
The Mortgage Bankers Association released a new white paper, CFPB 2.0: Advancing Consumer Protection. The paper examines the approach of the Consumer Financial Protection Bureau during its first five years of undertaking enforcement actions in key areas--including actions that clearly departed from prior published interpretations--without providing sufficient supervisory guidance to the industry in advance.
Cloud based Business Process as a Service (BPaaS) provides lenders with a significant opportunity to embrace an "as-a-service" lending approach comprising an out-of-the-box technology platform, business processes, compliance objectives and service provider ecosystem without the excessive implementation times and costs typical of traditional business process services.
In 2016, the Office of the Comptroller of the Currency noted an incremental easing of underwriting standards, even though the pace of that easing slowed towards the end of the year. This week's chart shows that easing of underwriting standards has resumed in 2017.
In this video, MBA Associate Vice President Rob Van Raaphorst details initial steps homeowners and renters can take once they are safe and as they begin to recover from recent hurricanes. Detailed information and resources are available at http://mba.org/HurricaneRelief.
The slow but steady growth of the U.S. economy will likely continue during the rest of the year, while hiring is expected to hasten.
MBA Associate Vice President Joel Kan breaks down the numbers in the MBA Weekly Applications Survey for the week ending Sept. 15.
The Mortgage Bankers Association released a new MBANow video featuring MBA Senior Vice President of Residential Policy and Member Engagement Pete Mills, who discusses a new MBA white paper, CFPB 2.0: Advancing Consumer Protection.
The Mortgage Bankers Association released a new MBANow video featuring MBA Senior Vice President of Public Policy and Industry Relations Steve O'Connor, who discusses a decision by federal regulatory agencies to delay implementation of Basel III rules.
Negative equity decreased year-over-year from 7.1 percent of all mortgaged properties to 5.4 percent of all mortgaged properties.
The Mortgage Bankers Association released a new MBANow video featuring Mortgage Action Alliance Chairman Gene Lugat, who discusses the upcoming MAA Action Week, taking place Oct. 2-6.
Factual Data, Loveland, Colo., promoted Jay Giesen to President. He will lead national and regional sales efforts and strategic initiatives.
There is an old riddle that goes something like this: In a bacon-and-egg breakfast, what's the difference between the Chicken and the Pig? The answer: the Chicken is involved, but the Pig is committed! The same can be said for satisfied bank customers and energized banks customers.
A great many resources, including time and effort, go into coordination of managing a successful vendor site visit. Preparation and organization leading up to the visit will be instrumental in determining success of the time you'll invest with your vendor partner.