This is why millennials need a new credit scoring system

This is why millennials need a new credit scoring system

Turns out they WANT credit, but just can't GET credit

Meet our incredible 2015 Women of Influence

Announcing 40 leaders driving the housing economy

CFPB to mortgage industry: Get out of MSAs

Industry calls move regulation by enforcement
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News

Ocwen tanks in wake of poor second quarter results

Stock drops more than 30% in early trading
After seeing its income from operations in the second quarter fall nearly $100 million from last year and despite the company’s CEO saying that the company “made positive strides on many fronts in the second quarter,” Ocwen Financial is taking a beating on the stock market on Friday. So what's causing Ocwen's drop?
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New study details impact of foreclosures on communities

Points to the role mortgage servicers, investors play in negative effects
A new paper published in the journal Housing Policy Debate points to the role of mortgage servicers as a critical factor in whether or not a neighborhood or community experiences the negative effects commonly associated with foreclosure sales. Are they onto something?
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This is why millennials need a new credit scoring system

Turns out they WANT credit, but just can't GET credit
Are Millennials interested in obtaining credit after witnessing their families struggle as a result of the recent recession? ID Analytics conducted a study on their credit scores to figure out where they stand. The answer may surprise you.
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The Wrap: Appraisals down alongside mortgage apps

Gap widens between appraisers and owners, appraiser lawsuits and more
Is the “home prices at all-time high” thing hype or hope, as appraisers see it? And why are Llano Financing Group and Carrington Capital Management suing so many appraisers? Plus, will homeowners and appraisers ever see eye-to-eye? Read on.
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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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From HW Magazine

Company Spotlight: Superior Home Services

Meeting HUD's requirements for conveyance
Superior Home Services has specialized in FHA default servicing since the company was founded in 1984. This focus has fueled the company’s drive to innovate in providing hazard insurance recovery services, and has resulted in a unique FHA default solution that remediates properties in light of HUD conveyance standards.
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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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From HW Magazine

How mobile technology is changing the game for property preservation

The rise of the machines
Investors today crave certainty, the kind that results from lots and lots of data points. To provide that degree of assurance, field service providers have taken data collection to a whole new level. Just in the last 12 months, the explosion of available real-time data is driving a new model of field servicing that would have been unrecognizable in the past.
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