CFPB to mortgage industry: Get out of MSAs

CFPB to mortgage industry: Get out of MSAs

Industry calls move regulation by enforcement

Regulatory uncertainty, toxic environment drive Wells Fargo, Prospect out of MSAs

Recent RESPA interpretation cited as top concern

Meet our incredible 2015 Women of Influence

Announcing 40 leaders driving the housing economy
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Lending

From HW Magazine

Hot Seat: Jack Nunnery, EVP at Texas Capital Bank

Forging stronger ties between correspondent sellers and investors
The specific needs of correspondent lending divisions often get overlooked in the development of mortgage technology solutions. Texas Capital Bank is looking to change that formula with a new correspondent line and platform to forge stronger ties between correspondent sellers and investors in the process.
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Meet our incredible 2015 Women of Influence

Announcing 40 leaders driving the housing economy
The only downside to a program like this is the difficulty in choosing winners. The field grows more competitive every year, with more nominations from a much broader field. This is a cause for celebration in and of itself, but one that presents a real challenge for our editorial staff. Our solution was to increase the number of winners from 30 to 40; we simply had too many incredible candidates to do less.
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From HW Magazine

The CFPB’s appalling double standard

On TRID, discrimination and accountability: “Do as we say, not as we do”
For months the Consumer Financial Protection Bureau was adamant that despite repeated pleas that the mortgage finance industry would not be ready for the Aug. 1 effective date for the onerous TILA-RESPA Integrated Disclosure rule, that it was a hard deadline.
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From HW Magazine

Interview: Mat Ishbia, CEO of United Shore Financial Services

From Big Ten baller to mortgage-lending maven
But how many of us can reach out and touch our dream, and then decide to go another way? How many have the guts and strength to take a leap into the unknown, and then once we find solid footing in the unknown, how many of us have what it takes to not only survive but to thrive? Mat Ishbia is one of those people.
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Meeting the biggest challenges in field servicing

Q&A with Alan Jaffa, CEO of Safeguard Properties
The biggest challenge in field services is the ever-changing regulatory environment and scrutiny the mortgage servicing industry is under, according to this Q&A with Alan Jaffa, CEO of Safeguard Properties. But that's just the beginning.
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From HW Magazine

Reaching the credit invisible

Can rethinking credit scores revolutionize lending?
HousingWire covered the introduction of Costco into the mortgage lending space and it made the industry nervous. Lenders openly asked each other at conferences, “Who will be next? Google, Apple?” Well, that never happened. Here's the story why, in long-form feature.
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Guardian Mortgage CEO Marcia Phillips retires

Served as CEO since 1988; replaced by Russell Anderson
Guardian Mortgage Company announced that Marcia Phillips, who has served as the company’s president and chief executive officer of since 1988, is retiring from those positions and will become vice chairman of the company’s board of directors.
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Ellie Mae revenue surges 65%

Beats earnings estimates
Ellie Mae marked another strong quarter on its books, with its second-quarter revenue surging to $65.9 million, up 65% from $40 million for the same period a year ago.
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Ocwen’s profits fall sharply in second quarter

Company announces $150 million cost-cutting program
After returning to profitability in the first quarter, reversing a trend that saw it lose $546 million in 2014, Ocwen Financial reported Thursday that it also made a profit in the second quarter – albeit a much smaller one. Here are all the details.
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