MReport

MReport

First American Executive Awarded as ‘Valuation Visionary’

By Mirasha Brown The Valuation Visionary award recognizes a standout collateral valuation professional every year who has demonstrated outstanding leadership, innovation and professionalism. Winners are nominated by their peers within the Collateral Risk Network. The recipient will be awarded at the Valuation Expo East on March 20, 2017, in Orlando, Florida. The post First American Executive Awarded as ‘Valuation Visionary’ …

Read More »

Ocwen Appoints Independent Member on its Board of Directors

By Mirasha Brown The company has also increased the size of the Board from eight members to nine after the appointment of the newest Board member. Ronald J. Korn, a Director at Ocwen, has informed the Board that he will retire from the Director position this May. Upon Korn’s resignation, the size of the Board will be reduced from nine …

Read More »

Providing Flexibility in Collecting Mortgage Information

By Brian Honea The intenof a proposal from the CFPB is to provide additional flexibility for mortgage lenders in the collection of consumer ethnicity and race information. The proposed amendments should provide greater clarity to lenders regarding their obligations under the law, and according to the CFPB will promote compliance with rules intended to ensure customers are treated fairly. The …

Read More »

A Tipping Point

By Scott Morgan With proposals to privatize Fannie Mae and Freddie Mac popping up as part of an overall housing makeover, government and industry officials weigh the risks and rewards of various plans carefully since few are calling for wholesale reform. This select print feature originally appeared in the March 2017 issue of MReport magazine. The post A Tipping Point …

Read More »

Mortgage Performance Continues to Improve

By Brian Honea Foreclosures, loan modifications, and forfeitures have been on a decline for a couple years, according to a report form the Office of the Comptroller of the Currency. The amount of completed foreclosures dropped from 2 years ago by almost 19,000, while deed-in-lieu-of-foreclosure actions have dropped from 1.2 thousand to 0.8 thousand, Home forfeiture actions in total decreased …

Read More »

Current LOS Systems Somewhat Lacking

By Brian Honea Technology report says that current loan origination systems (LOS) are not adequate for the coming age of the digital mortgage. Specific functions must be achieved through add-on applications. The reasoning is that more efficient LOS systems will produce better client satisfaction in the loan process. The post Current LOS Systems Somewhat Lacking appeared first on theMReport.com. Via:: …

Read More »

Fannie Mae Announces First CIRT Transactions of the Year

By Brian Honea The two transactions will retain risk for the first 50 basis points of loss on an $18.1 billion loan pool and a $2.3 billion loan pool. The loan pools covered consist of 30-year fixed-rate loans with loan-to-value ratios greater than 60-percent and less than or equal to 80 percent, all acquired by Fannie Mae from January 2016 …

Read More »

Current LOS Systems Somewhat Lacking

By Brian Honea Technology report says that current loan origination systems (LOS) are not adequate for the coming age of the digital mortgage. Specific functions must be achieved through add-on applications. The reasoning is that more efficient LOS systems will produce better client satisfaction in the loan process. The post Current LOS Systems Somewhat Lacking appeared first on theMReport.com. Via:: …

Read More »