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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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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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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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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$2 billion Ginnie Mae bulk MSR portfolio hits market

Loans carry weighted original loan-to-value ratio of 94%
Mortgage servicers seeking to get their hands on some Ginnie Mae servicing now have that opportunity, thanks to a nearly $2 billion mortgage servicing rights portfolio that’s now available for sale. Here are all the pertinent details.
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