This is why Fannie and Freddie mortgage initiatives won't work

This is why Fannie and Freddie mortgage initiatives won't work

MBA declarations are feel-good, but temporary

How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers
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HW Magazine

October 2014

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October 2014

Volume: 7
Edition: 10
From HW Magazine

The industry's 50 fastest growing companies

An inside look at the high growth companies driving mortgages and housing forward
A wide range of companies making the 2014 HW Fast50 suggests that — are you ready for this? — maybe things aren't as bad in the U.S. mortgage and housing markets as some breathless press might otherwise suggest. After all, our rankings this year include mortgage insurers, investors, loan servicers, technology specialists and dot-coms, home builders, real estate services companies, mortgage bankers and more.
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From HW Magazine

From strength to strength

HousingWire's 2014 look at correspondent lenders to watch
HousingWire Staff
Last October, HousingWire highlighted several correspondent lenders and gave a broad overview of where this division of mortgage finance was heading. We are happy to report that those lenders are still doing a robust set of business, although the road remains no less rocky. But as we said last year, at least there’s a road to begin with.
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From HW Magazine

Experiencing it for themselves

MBA Annual attendees say networking, speeches by industry bigwigs too good to pass up
Kerry Curry
Bill Cosgrove, CEO of Ohio’s Union Home Mortgage Corp., has made the trek to MBA Annual for some 20 years. Memories still stand out from his first one, held in Orlando. "I saw that the mortgage industry was vast," he said, recalling that first conference, "much bigger than you expected it to be."
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From HW Magazine

Is the economy off life support?

Realtors don't buy the recovery, yet
Since the end of the recession we have seen the U.S. economy grow at a slow and steady pace. The first quarter of 2014 was a bit of a shocker as the GDP declined 2.1%. Most economists blamed the decline on the harsh winter months that impacted both consumers and businesses. Since that time, we have seen signs of solid growth, reflecting a healthier economy.
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From HW Magazine

Walter Investment: Can the specialty servicer reverse stock performance?

Walter Investment has bad news, bad news, and good news
Walter Investment Management posted a second-quarter net loss of $12.9 million, or $0.34 per diluted share, which includes charges related to goodwill impairment in the reverse mortgage segment and reductions in the fair value of the company’s servicing rights related to changes in valuation inputs.
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From HW Magazine

Dale Dykema has done it all

But he's not done yet
Sure, Forrest Gump may have shaken hands with John F. Kennedy (with the help of some computer-generated wizardry), but Dale Dykema has a photo album that’s littered with some of the biggest names in politics and sports in the last 40 years.
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From HW Magazine

Control compliance costs to raise profits

Partnering with the right vendors is key to making origination profitable
Dominic Iannitti
As our business moves into a new era of low profitability, increased expenses, and intense regulatory scrutiny, virtually every mortgage executive needs to experiment with ways to increase productivity and CFPB compliance while reducing overall operating costs.
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From HW Magazine

Integrity in the course of business

There is only one way our industry will ever win back the trust of the consumer
Gregory Teal
As federal regulators continue the rulemaking process for our industry, one of the things many of our lender customers are doing right now is taking an inventory of their business partners. As you look down the long list of service providers and independent professionals that you work with, how many do you really trust?
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From HW Magazine

80 million millennials

When it comes to what’s out there, we should learn more
Jacob Gaffney
Lenders aren’t lending because they don’t understand millennials. They don’t get their needs, their wants. They’re not smart enough to get one step ahead of millennials in order to convince them to stop paying rents and start looking at homes.
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