This topic consolidates the heartbeat of today's mortgage banking environment with news stories relevant to the financial compliance industry.
MReport – Christina Huges Babb
Tendayi Kapfidze, the Chief Economist and VP at lending Tree, issued a detailed list of the presidential candidates’ views and actions related to housing issues.
Mortgage Professional America – Ryan Smith
Charlie Scharf, the CEO of Wells Fargo, is in the hot seat after disclosures that he blamed the lack of diversity at the bank on “a very limited pool of Black talent to recruit from.”
Mortgage Professional America – Candyd Mendoza
Her name is Rachel, the first digital human to arrive in the mortgage industry.
DSnews – Christina Hughes Babb
A recent report from Hamilton’s revealed that “mom-and-pop” landlords are in a worse financial position than their higher-earning peers.
DSnews – Christina Hughes Babb
Industry professionals say a new credit assessment tool can assist servicers in mitigating risk and preventing loss during difficult economic periods.
Mortgage Professional America – Ryan Smith
According to a TransUnion report, delinquency rates dropped in August for mortgages and other credit products, but borrowers face challenges ahead.
DS News--Christina Hughes Babb
Independent owners of SFR properties in low to moderate income households are reportedly being hit the hardest by COVID-19 relief efforts.
Mortgage Professional America – Candyd Mendoza
First American Mortgage Solutions has revealed a new tool that monitors a homebuyer’s credit from application to closing.
MReport – Christina Hughes Babb
Quicken Loans Mortgage Services (QLMS) announced their rebranding and will become Rocket Pro TPO (TPO representing “third party origination”) within the next 60 days, to closer align with Rocket Mortgage.
M Report--Christina Hughes Babb
The FHFA's strategic plan for fiscal years 2021-2024 has been recently published.
Mortgage Professional America – Ryan Smith
Senator Sherrod Brown (D-Ohio) on the Banking Committee released a report, accusing the Trump administration of ignoring the government’s fair housing obligations established in the 1968 Fair Housing Act.
Mortgage Professional America – Candyd Mendoza
Evolve Mortgage Services, an outsourced mortgage services provider, announced they are looking to hire hundreds of full-time underwriters by the end of 2020.
DS News--Christina Hughes Babb
The latest economic and housing outlook from FNMA, reports that the GSE's economics team expects the 3rd quarter GDP to grow at an annualized pace of 30.4%.
The Federal Reserve has released advance notice of proposed rulemaking in relation to the Community Reinvestment Act.
