Lending

The evolving role of chief compliance officers in selecting technology and vendors

Digital food for thought
[Expert commentary] The digital mortgage promise is compelling: new technology and better workflow to meet all needs and requirements — all built for compliance and protecting participants from unnecessary risk but it's not guaranteed. As technology is evaluated and implemented, chief compliance officers must have a seat at the table.
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Single women outpace single men on the path to homeownership

Single women own 70,000 more homes in metro areas than single men
American wage disparity keeps the average American woman making 20 cents less than her male counterpart, but data suggests that when it comes to homeownership, single women take lead. LendingTree’s latest analysis revealed that on average, single women own around 22% of homes, compared to the less than 13% of single men.
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It’s official: Trump nominates Mark Calabria to lead FHFA

To serve a term of 5 years
Late Tuesday night, President Donald Trump announced his choice to lead the Federal Housing Finance Agency – Mark Calabria. Calabria’s nomination must still be approved by the Senate, but with his extensive background in housing, and a Republican majority in the Senate, that isn’t expected to be a problem.
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MBA: Mortgage applications increase 1.6%

Refi activity sees a boost
Mortgage applications increased 1.6% for the week ending Dec. 7, 2018, according to new data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA’s Associate Vice President of Economic and Industry Forecasting Joel Kan said recent rate declines are responsible for the jump in refinance applications.
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CoreLogic: Here’s what will be making economic news in 2019

Next year to hit 50-year unemployment lows
CoreLogic released its predictions for 2019, outlining several factors that will be making economic news in the new year. CoreLogic’s chief economist explained that economic growth only needs to last seven more months in order to set the record for the longest economic expansion.
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Wise Agent names Jason Frazier chief marketing officer

Responsible for modernizing email marketing and social content
Wise Agent hired Jason Frazier as its chief marketing officer, the company announced this week. Frazier, a known marketer in the mortgage industry, will be responsible for modernizing email marketing and social content for Wise Agent’s CRM system.
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CFPB moves to further ease enforcement on financial services industry

Releases new rules on “no-action letters” and proposes “product sandbox”
In the last few days of his leadership at the Consumer Financial Protection Bureau, Mick Mulvaney moved to further ease the bureau’s enforcement of the industries that it oversees. Additionally, the CFPB proposal would create a “Product Sandbox,” which would allow and encourage companies to create and test new products and services under safe harbor provisions from the bureau itself.
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What would Mark Calabria as FHFA director mean for the future of Fannie and Freddie?

Analysts weigh Calabria’s potential impact
The Trump administration has officially nominated Mark Calabria to be the next director of the FHFA when Mel Watt’s term is up early next year. But what would Calabria bring to the FHFA and what might that mean for the future of Fannie Mae and Freddie Mac? Here's a look at what's next, from those in the know.
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