Monday Morning Cup of Coffee: Everything you need to know at MBA Annual

HousingWire covers all the bases
Monday Morning Cup of Coffee this week gives a preview of our industry's biggest conference: the Mortgage Banker's Association annual gathering starting now in Boston. We'll still report regular news as we get it and give you everything you need to stay up-to-date for the next few days. 
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How optimizes your disposition strategy

The company's 4 guiding principles for success
Whether you are trying to minimize the credit losses associated with a foreclosure, or trying to maximize the return on a real estate portfolio investment, the decision always comes down to one thing: Optimizing the balance between the asset’s sales price with the avoidance of holding expenses.
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Top industry voices submit final comments on looming TRID changes

Time to sit back and wait
The industry’s last chance to change the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule just closed. On Tuesday, the door shut on the ability for the industry to comment on the bureau’s proposed updated to the new rule. Now the industry can only sit back and wait.
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NCUA reveals it paid $1 billion to lawyers in fight to recover credit union crisis losses

Total settlement agreements top $4.3 billion
In 2013, the National Credit Union Administration filed suit against some of the world’s biggest banks over the sale of nearly $2.4 billion in faulty residential mortgage-backed securities to several corporate credit unions, which subsequently failed during the financial crisis, due in part to losses from those very same mortgage bonds. The total amount recovered for the failed credit unions in those settlements is more than $4 billion, but for the first time, the NCUA revealed just how much it cost to reach those settlements.
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HousingWire hires new leader to head sales team

Jennifer Watson Laws brings nearly 20 years of experience
HousingWire hired Jennifer Watson Laws as its new national sales director. Watson Laws brings years of experience as an executive, her career spanning digital, print and out-of-home platforms. HousingWire CEO talks about the new hire, and why she’s a perfect fit.
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DOJ planning to sue Moody's over crisis-era mortgage bond ratings

Ratings agency discloses looming lawsuit from government
In the fallout from the financial crisis, many argued that the credit ratings agencies’ competition for business led to ratings shopping among bond issuers and relaxed ratings standards for the ratings agencies themselves. Last year, Standard & Poor's reached a $1.375 billion settlement over just such claims. And now the Department of Justice is taking aim at Moody's Investors Service.
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SunTrust sees strong mortgage growth in Q3

Net income sees quarterly and annual decline
SunTrust saw its revenue grow in the third quarter driven, in part, by an increase in mortgage banking. This may not be surprising, but the bank’s delinquency portfolio, on the other hand, seems to run against the current trend.
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The advantages of hiring a diverse workforce

Why servicers should be focused on recruiting Hispanics
As the United States undergoes a seismic demographic shift to a younger, more ethnically diverse population, mortgage lenders and servicers who want to grow the scope and quality of their business need to reflect that diversity in their workforce.
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