Google prepares to launch mortgage comparison tool

Google prepares to launch mortgage comparison tool

“Compare” service for mortgages already in use in the U.K.

Definitely the best Beige Book coverage on housing and mortgage finance

Thank you, Vince Vaughn

Goldman Sachs just nailed millennial homebuying

Publishes animated graph day before housing conference
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Articles by Sarah Wheeler

From HW Magazine

Hot Seat: Darius Borzogi

President and CEO of Veros discusses the latest in automation
Sarah Wheeler
The recently announced FHA premium reductions would lead one to reasonably anticipate an increase in volume. EAD will give FHA 100% diligence on all submitted appraisals, which allows FHA to engage in these types of policies, knowing it has the systems and tools in place to identify and manage risk.
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From HW Magazine

The CFPB needs a regulator of its own

Why is it OK for the bureau to violate the standards it imposes on others?
Sarah Wheeler
Nothing reeks of hypocrisy more than the regulator ignoring regulations, but the CFPB has racked up plenty of violations in the last year. And we’re not talking about small, nitpicky examples, but instances that have real-life consequences. If a lender or servicer were to violate any of these standards, they could expect swift and harsh punishment from the CFPB.
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Lawsky announces 3 new areas of enforcement

NYDFS superintendent unveils plan at Columbia School of Law
Sarah Wheeler
NYFDS Superintendent Benjamin Lawsky spoke about financial regulation at Columbia Law School today and outlined three new areas his office will be looking at.
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MBA Servicing: Compliance hijacks the cost of servicing

Adapting means scaling up personnel, technology
Sarah Wheeler
A panel at the MBA Servicing Conference on containing the cost of servicing made one thing very clear — it's all about compliance.
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Executive Conversation: Patrick Nackley on FHA default resolution

Superior Home Services focuses on remediation
Sarah Wheeler
We are not a property preservation company. Our program is tailored specifically to FHA conveyance obligations, and is unique in the default industry in that regard."
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Executive Conversation: Milt Shaw on leadership and vendor management

PEMCO Limited meets compliance challenges head on
Sarah Wheeler

As an AMC, compliance with regulations is a critical component to success. We maintain strong relationships and continuously outperform our competitors. Regulations differ from state to state so we decided to grow slowly and concentrate in building a strong client foundation in California prior to evaluating opportunities in other states.


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S&P settles with SEC for $58 million over bond ratings fraud

First action against one of the big three ratings firms
Sarah Wheeler

“Investors rely on credit rating agencies like Standard & Poor’s to play it straight when rating complex securities like CMBS,” said Andrew J. Ceresney, director of the SEC Enforcement Division. “But Standard & Poor’s elevated its own financial interests above investors by loosening its rating criteria to obtain business and then obscuring these changes from investors."


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President Obama: No more housing initiatives

Middle class focus and praise for increased regulation
Sarah Wheeler

"We believed that sensible regulations could prevent another crisis, shield families from ruin, and encourage fair competition. Today, we have new tools to stop taxpayer-funded bailouts, and a new consumer watchdog to protect us from predatory lending and abusive credit card practices."


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Executive Conversation: Ray Brousseau on bringing buyers to the table

Carrington Mortgage Services focusing on underserved borrowers
Sarah Wheeler

"Many underserved borrowers still see a mortgage as something unattainable, complex and cumbersome. The Carrington Loan is unique in the marketplace because it offers a mortgage with no closing costs, appraisal fees, or lender financing fees," Brousseau said.


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Executive Conversation: Mitigating risk with eLynx post-close automation

Data-driven process makes vendor management easier
Sarah Wheeler

"The beauty of data is it allows for process improvement. One problem that plagues any manual process is that feedback tends to be anecdotal. A data-driven process allows you to identify common errors made at the closing table and rectify them by modifying documents and training your vendors." 


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