The HELOC Reset Wave: Sink or Swim

Home  |  Subscribe Bulletin Apr 16, 2014 Top Stories The HELOC Reset Wave: Sink or Swim by RANDY WUSSLER The OCC reports that $30 billion in HELOCs will reach the end of their initial draw period in 2014. That's just the beginning. READ MORE » Ginnie Mae Nixes Bank of America Mortgage Servicing Transfer by KATE BERRY Ginnie Mae has halted the transfer of mortgage servicing rights from Bank of America to a nonbank servicer because of missing documents. The agency is asking the top servicers for an inventory of loans with missing documents. READ MORE » ADVERTISEMENT Missing Loan Documentation Affecting Secondary Market Investors Documentation problems, such as missing assignments or proof of clear title, make it tough for investors to buy and sell loan portfolios and properties, Orion Financial Group advises. LEARN MORE » Colony American Homes Completes $513M Securitization by AMILDA DYMI Colony American Homes has completed a securitization transaction backed by income generated from almost 3,400 single-family rental homes. READ MORE » Legal Team Exodus at MERS Said to Prompt Review by BLOOMBERG NEWS As the rest of the housing industry recovers, a little-known firm with a key role in mortgage finance remains stuck in limbo, wrestling with regulators, lawsuits and the departures of senior employees. READ MORE » Industry Victory on Flood Insurance Will Be Taxpayers' Loss by MARK FOGARTY Lenders and Realtors are hailing a new law that delays flood insurance premium increases, but unless the government takes actuarially prudent measures, rising sea levels could cost taxpayers dearly. READ MORE » Foreclosure Starts and Sales Hit New Lows: Hope Now by EVAN NEMEROFF Distressed homeowners who obtained loan modifications fell to approximately 42,000 in February, a 5% decrease from the month before and a sign that the number of borrowers needing assistance is declining, according to the Hope Now alliance. READ MORE » Featured Events 8th Annual Mortgage Servicing Conference The Westin Galleria Wed, 23 Apr 2014 - Fri, 25 Apr 2014 READ MORE » Intermediate FHA Underwriting Instructor-Led Online Course Tue, 06 May 2014 READ MORE » Principles of Conventional Underwriting Instructor-Guided Online Course Wed, 14 May 2014 READ MORE » Advanced FHA Underwriting Instructor-Led Online Course Tue, 03 Jun 2014 READ MORE » Resource Center Part 3: Technological Considerations for Leading in the New Mortgage Marketplace WHITEPAPER "Technological Considerations for Leading in the New Mortgage Marketplace" is the third article in a three-part series on establishing a leadership position in today's compliance-driven mortgage marketplace. In this article, Accenture suggests mortgage lenders must invest in technologies to meet demands and achieve customer satisfaction management, increased transparency and compliance management. READ MORE » Strategies Successful Lenders Use to Remain Profitable WHITEPAPER With interest rates creeping up and refinances dwindling, there's no question that today's market is challenging. READ MORE » Read Part 2: Changing Lender Process in the name of Consumer Protection WHITEPAPER As the mortgage industry moves into this new era of consumer protection, executives face a new question: How is fairness, transparency, and competitiveness to be measured? In this paper, we discuss the operational changes that mortgage lenders must consider in this environment including forming a separate budget for customer relationship management, establishing routine monitoring of the Customer Financial Protection Bureau's customer complaint database and enabling customer self-service. READ MORE » MORE IN THE RESOURCE CENTER » FOLLOW US: @NatMortgageNews Facebook You are currently subscribed to Mortgage Servicing News as: ctsmyhon@yahoo.com. You are receiving this email as part of SourceMedia. Please do not reply to this message. To learn more about SourceMedia's use of personal information, please read our Privacy Policy. Unsubscribe from this mailing list: Click here Update your Profile: Click here To unsubscribe from other SourceMedia posts contact our Customer Service department at the phone number provided below. SourceMedia One State Street Plaza, 27th Floor New York, NY 10004 Phone: (800) 221-1809