3 quick takeaways from the mortgage conference happening right now

3 quick takeaways from the mortgage conference happening right now

Tidbits from SourceMedia Mortgage Servicing conference

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Foreclosures dwindle as home prices skyrocket

Items Tagged with 'servicing'


Safeguard fires back at discrimination complaint

National Fair Housing Alliance goes after property preservationist
April 9, 2014
Safeguard fired back against the National Fair Housing Alliance after being accused of providing higher levels of preservation services in predominantly white neighborhoods than properties in largely African American and Latino neighborhoods.
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Fifth Third gets first 5 Star Award from Fannie

Servicing gets accolades as company moves out of lending
March 27, 2014
Fifth Third Bank is the first servicer to get the first Five Star designation from Fannie Mae, the first firm to get the highest distinction for a servicer since the program was started in 2011.
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Why buy MSRs in this regulatory environment?

IMN panel talks about the high cost and profit of MSRs
March 10, 2014
MSRs seem sometimes like nothing but trouble. Yet the servicing space is running hot with these MSR sales. What's the deal?
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Can servicers bridge the trust gap with homeowners?

National Mortgage Settlement monitor said things are getting better
February 19, 2014
The servicing industry is finally starting to believe that things are better now than they were two years ago, but only time will tell the truth of the effectiveness of all the new regulations.
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How long will this mortgage drought last?

When will lenders and servicers make money again?
January 17, 2014
Not all mortgage lenders and servicers are confident that they have appropriately adopted the changes into their operations or fully understand how to quantify the liability for noncompliance.
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Wingspan Portfolio Advisors names Arleen Scavone COO

January 9, 2014
Wingspan Portfolio Advisors named industry veteran Arleen Scavone to the newly created position of chief operations officer.
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The 5 biggest changes coming to the mortgage industry

Is working in the mortgage business even a good idea these days?
January 9, 2014
There are five "forces" of change coming down the line for the mortgage industry according to housing analysts at Citi. Perhaps more importantly, after examining these five changes the analysts then asked if being in the mortgage business is even a good idea anymore.
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New servicing rules pressure smaller servicing shops

As compliance costs rise, Fitch predicts market consolidation ahead
January 7, 2014
The qualified mortgage rule is not the only change pressuring the mortgage market this week. Come Friday, smaller mortgage servicers will be grappling with increased costs from new servicing guidelines that will change how servicers handle borrower notifications, interact with customers and organize their infrastructures.
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The week ahead: Higher rates to buoy importance of servicing

Compass Point tells the market what to expect
January 3, 2014
The first full week of January promises to bring change to the mortgage industry and lots of it — from declining originations to rising mortgage servicing rights values as the market shifts more in favor of servicing businesses.
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FCI Lender Services raises its residential special servicer ranking

Company shows what it takes on the compliance side to get an upgrade
January 2, 2014
The company also received a ‘stable’ rating overall, with Morningstar crediting the servicer for enhancing its audit and compliance environment while maintaining a tenured management team and enhancing its risk-management methods.
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