Mitigating strategic risk should be at front of mind for all banking executives and boards heading into the new year, according to U.S. Comptroller of the Currency Thomas J. Curry at the Chicago Fed on Friday.
Read More »GAO: Conservatorship Needs to End
A study released by the Government Accountability Office found that the FHFA's actions as conservator of Fannie Mae and Freddie Mac have created more, not less, uncertainty about the future of the housing finance system.
Read More »The Increasingly Intense Focus on Cybersecurity
Cybersecurity has become an increasingly more pressing issue in all industries where sensitive data is collected, but particularly in the mortgage industry, which collects more personal data on customers than any other sector of the financial services industry.
Read More »Fewer Borrowers are Refinancing Through HARP
Time is winding down on the FHFA’s Home Affordable Refinance Program, the number of borrowers completing refinances through the program is winding down also.
Read More »Mortgage Rates Throw ‘Trump Tantrum’
If there was any doubt as to how mortgage rates were going to fare after the presidential election was over, it’s gone now.
Read More »OpenClose Announces Enhancements to ConsumerAssist Solution
OpenClose has announced enhancements to its borrower-facing ConsumerAssist solution, with the goal of increasing lead generation for lenders and providing borrowers with a superior loan application experience.
Read More »Congress: Outdated Appraisal System Needs Overhaul
The appraisal system is complex and outdated, resulting in more lengthy closings and increased costs to consumers, and therefore in need of wholesale changes, according to a Congressional hearing on Wednesday.
Read More »Single-Family Housing Showing ‘Slow, Gradual Growth’
Builder sentiment has been steady for the past few months, indicating a continued demand for new single-family housing.
Read More »LendingQB Rebrands as Focus Shifts to Strategic Initiative
LendingQB, a California-based lean leading loan origination technology solutions provider, is launching a new brand which is part of the company’s strategic focus on adoptimization.
Read More »Clarocity Receives Positive Ranking from Morningstar
Clarocity Corporation has announced that its subsidiary, Clarocity, Inc., has been assigned a positive MOR RV2 residential vendor ranking from Morningstar Credit Ratings.
Read More »