WATCH: Famous televangelist gives terrible reverse mortgage advice

Fannie Mae: Collateral Underwriter not disrupting appraisals

Appraisers need to see it in action

FHFA hearing: GOP fear housing policy headed for Crash 2.0

Democrats say affordable housing, more lower-down policies needed
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Articles by Sarah Wheeler

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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Executive Conversation: John Hillman on third-party priorities

Nationwide Title Clearing sees impressive growth
Sarah Wheeler

We’ve seen our own role in the mortgage process go from little more than an afterthought for the lender to a highly compliance-driven necessity that absolutely impacts their ability to control risk.


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How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight
Sarah Wheeler
During one of the last panels at the MBA Annual Convention, a group of lenders was cautiously optimistic about the future, noting that while progress has been made, more clarifications are needed for a significant increase in non-QM lending.
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MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year
Sarah Wheeler
The MBA is projecting overall economic growth of 2.9% in 2015 and 2.4% in 2016, driven by strong consumer spending and business fixed investment as consumers spend on durable goods and businesses invest in equipment.
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MBA Hall of Honor gives back to military veterans

Financial services companies benefit veterans and their families
Sarah Wheeler
The MBA conference offers a variety of interesting, smart and funny (Michael Lewis!) speakers, but my favorite presentation so far has been the Hall of Honors, where the MBA recognizes companies in our industry who give assistance to military veterans and their families.
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Mel Watt and Julian Castro announce housing policy changes

MBA calls the policy changes "extremely positive"
Sarah Wheeler
Attendees at the Mortgage Bankers Association's Annual Convention & Expo think the changes are good. Really, really good.
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