Ensure your organization is prepared to discuss the upcoming changes.
Hear from a panel of industry experts from Ellie Mae and Akerman LLP as they address the top questions and considerations about the upcoming HMDA reporting requirements. Compliance has never mattered more and will remain a top concern for mortgage lenders. Validate your plans for the upcoming mandate. Ensure you are ready by addressing those lingering questions keeping you awake at night.
What you'll learn:
Which HMDA issues are keeping lenders awake at night?
Understand key readiness topics.
How to ensure your vendors are ready?
Understand and validate your organizational readiness — training, teaching, and internal policy.
What’s expected in the final rule?
How does the recent addendum affect the consumer-facing application?
What are the outstanding topics the bureau is yet to address?
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[Subscribers only] Multigenerational living, where two or more adult generations live under the same roof, is becoming a growing trend in the U.S. Currently about 19% of Americans now live in a multigenerational household, the highest level since 1950. That amounts to about 60.6 million adults in 2014, up from 57 million adults in 2012. And homebuilders have taken notice, designing houses specifically catered to this segment.
Would-be homeowners are inundated with picture-perfect examples of new and remodeled homes brimming with upgrades. But in the real world, homebuilders and investors must calculate the rate of return on these sometimes fleeting trends, weighing what buyers want with what they can actually afford. This feature looks at which features buyers of different age demographics consider the most important, and what that means for sellers.
We’ve found that the handling and posting of payments during bankruptcy has been a widespread issue in our testing environment. Specifically, there is increased risk exposure in pre-and post-petition payment application and treatment, both inside and outside of the bankruptcy plan. Servicers and sub-servicers have created manual workflow workarounds to address the issue, however, it does open the servicer up to more exposure to calculation errors.