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Saturday, September 23, 2017
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Managing Mortgage Product Development Risk

The paper, authored by Clifford Rossi, Executive in Residence and Professor with the Robert H. Smith School of Business at the University of Maryland, recommends a more formalized approach to assessing mortgage product risk that takes into account both product and process risk.

September 22, 2017

September 19, 2017
By MBA Insights Staff
CFPB 2.0: Advancing Consumer Protection

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.

Topics:
Consumer Financial Protection Bureau
Regulatory Policy
Consumer Protection
September 19, 2017
By Arjun Raman
Business Process as a Service (BPaaS) in Lending: Maturing and Modernizing for Competitive Advantage

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.

Topics:
Business Process as a Service
Arjun Raman
Wipro
September 22, 2017
By MBA Research & Economics
MBA Chart of the Week: Assessment of Direction of Credit Underwriting Practices

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.

Topics:
Credit Underwriting
Office of the Comptroller of the Currency
Risk Management
September 22, 2017
By MBA Insights Staff
Video

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.

Topics:
MBANow
Hurricane Relief
Resources for Homeowners
September 19, 2017
By Steve Hovland
The Economy Is Stronger than Advertised

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.

Topics:
Economy
HomeUnion
Steve Hovland
September 21, 2017
By MBA Insights Staff
Video

MBA Associate Vice President Joel Kan breaks down the numbers in the MBA Weekly Applications Survey for the week ending Sept. 15.

Topics:
MBA
Weekly Applications Survey
September 18, 2017
By MBA Insights Staff
Video

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.

Topics:
MBANow
Consumer Financial Protection Bureau
Pete Mills
September 15, 2017
By MBA Insights Staff
Video

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.

Topics:
MBANow
Steve O'Connor
Basel III
September 20, 2017
By MBA Insights Staff
Slideshow
Slideshow: CoreLogic Homeowner Equity Report

Negative equity decreased year-over-year from 7.1 percent of all mortgaged properties to 5.4 percent of all mortgaged properties.

Topics:
Home Equity
CoreLogic
September 14, 2017
By MBA Insights Staff
Video

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.

Topics:
MBANow
Mortgage Action Alliance
Gene Lugat
September 13, 2017
By MBA Insights Staff
People in the News

Factual Data, Loveland, Colo., promoted Jay Giesen to President. He will lead national and regional sales efforts and strategic initiatives.

September 13, 2017
By Sue Hines
2 Ways to Think About Energizing Your Customer Base

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.

Topics:
Sue Hines
Customer Data
Customer Service
September 13, 2017
By Steve Greenfield, CMB
Managing the Vendor On-site Visit

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.

Topics:
Steve Greenfield
Vendor Management
On-Site Visits
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