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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New home sales plummet 14.5% in March

Spring buying season off with a whimper
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Items Tagged with 'CFPB'

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CFPB pushes for eClosings

Fully electronic mortgages will help consumers, regulators say
April 23, 2014
Housing leaders and regulators met in Washington, D.C. on Wednesday to further open the door to the greater use of technology in the mortgage process.
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3 quick takeaways from the mortgage conference happening right now

Tidbits from SourceMedia Mortgage Servicing conference
April 23, 2014
So far, the conference has been popular, with early panels well attended. Here are three takeaways from those panels and the opening remarks from John Dalton, president of the Housing Policy Council.
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Watch the CFPB hearing on mortgage closings LIVE

CFPB open hearing now
April 23, 2014
Below you can view the live event as it happens. HousingWire will be hosting the archived event after.
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CFPB: 3 biggest pains in mortgage closings

Bureau pushing solutions like eClosing
April 23, 2014
The Consumer Financial Protection Bureau has found that many consumers are frustrated by the short amount of time they have to review a large stack of complex closing documents when finalizing a mortgage. And they are pushing their eClosing pilot as a way to alleviate that.
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Sen. Warren publishes "A Fighting Chance"

Will this leave her sitting pretty, or judged as sitting bull?
April 22, 2014
The U.S. senator who helped birth the Consumer Financial Protection Bureau, who raised $43 million to run for senate while decrying money in elections, who allegedly practiced law without a license in Boston, and who many on the right nicknamed “Faux-cahontas” has written a book.
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Robbing...er, Regulating banks is where the money is

CFPB's HR trainee starting salary: $110,759
April 22, 2014
Gentleman bank robber Willie Sutton is famously (and incorrectly) remembered for saying he robbed banks “because that’s where the money is.” Turns out though, the real money is in being a bank regulator.
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Here's why the CFPB and FHFA need your personal info

The case for big data
April 21, 2014
Despite the endless discussions about it and the announcements from “data-driven” regulators that they are collecting it, the strategic and tactical benefits of Big Data remain elusive. So, should we really be concerned about it? And what is Big Data anyway?
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Revolving door starts turning as WFC hires two former CFPB execs

Both will deal with home loan capital markets division
April 18, 2014
The door turns in Washington, D.C. as Wells Fargo recruits executives from the Consumer Financial Protection Bureau.
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It’s time to get serious about Non-QM loans

Nonbank lenders need investors to help with risk
April 15, 2014
With non-QM comes more risk. There is no safe harbor and holding them on portfolio could mean boosting capital reserves. Nonbank lenders, meanwhile, need to find an investor willing to buy non-QM loans.
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Christopher Whalen: The death of mortgage lending

It's not the CFPB's fault
April 14, 2014
“New regulations are a very convenient excuse for the large banks to get away from what is a crappy business,” according to one senior banker.
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