This one-day seminar is offered at no cost to all mortgage loan servicers, and the presentation format will be Industry Hot Topic Roundtable Sessions. We plan to present the latest updates on Bankruptcy, Foreclosure, Title Issues, Priority Liens, Property Ordinances, Regulatory Compliance with CFPB, Litigation and Legislative Updates. Session topics will accommodate attendance by all levels of servicing staff from loan level to upper management, counsel and executive.
In the aftermath of the financial crisis, low interest rates and strict capital requirements combined to make servicing a losing proposition for many banks. The sharp glare of regulators didn’t help either, as banks and nonbanks navigated the already thankless waters of servicing with a new target on their backs. But all that changed abruptly in the fourth quarter of 2016 with the one-two punch of a Trump win and a rate hike by the Federal Reserve.
Singling out the law that created the CFPB generated a backlash from Congressional Democrats, but it remains to be seen what Democrats can do to stop the Trump juggernaut. See what Mike Jones of Navigant advises servicers to do in this uncertain environment.
Portfolio managers and investors also have a vested interest in the expansion of the non-QM market. They have an appetite for non-QM assets as they represent an attractive yield opportunity. That’s why we’re seeing more “hold” strategies at work with current non-QM production.