Friday, July 4, 2014

MORTGAGE BACKED SECURITIES INVESTORS TO THE DEPARTMENT OF JUSTICE: WE SHOULDN'T BE PAYING FOR BANKS' (#WELLS FARGO'S) SINS!


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Jun 24, 2014
Top Stories
MBS Investors to DOJ: We Shouldn't Be Paying for Banks' Sins
The Association of Mortgage Investors made the plea to Attorney General Eric Holder following reports that Bank of America and Citigroup were attempting to negotiate multibillion dollar accords that would grant credits for loan mods.
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Altisource Said to Be Near Deal for LOS Vendor Mortgage Builder
Altisource Said to Be Near Deal for LOS Vendor Mortgage Builder
by AUSTIN KILGORE
Altisource would gain a venue to sell more of its origination services, while Mortgage Builder would get a larger company's backing to help achieve its goal of faster growth.
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The Payoff from Automating Payoffs
The Payoff from Automating Payoffs
by BARRY HAYS
While use of facsimile has decreased in the workplace for general business practices over the years, fax machines still remain the default delivery method for sending and receiving mortgage payoff statements.
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Contain
B of A Must Face SEC, DOJ Suits Over MBS Fraud
Bank of America failed to win dismissal of two government lawsuits in which it's accused of misleading investors about the quality of loans tied to $850 million in residential mortgage-backed securities.
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House Banking Panel Passes Terrorism Risk Insurance Bill
by VICTORIA FINKLE
The House Financial Services Committee approved legislation Friday to extend and modify the Terrorism Risk Insurance Act.
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Want to Finance an NPL Portfolio? Show You Can Handle Distress
Want to Finance an NPL Portfolio? Show You Can Handle Distress
by BONNIE SINNOCK
Financing plays a vital role in nonperforming loan investment. One of the most compelling things investors can do to get it is show how they handled a tough situation, financiers say.
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Featured Events
RESPA Section 8: Anti-Kickback Provisions
Webinar
Thu, 26 Jun 2014
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Collateral Analysis: Reviewing Appraisals
Instructor-Led Online Course
Wed, 02 Jul 2014
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Intermediate FHA Underwriting
Instructor-Led Online Course
Tue, 05 Aug 2014
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Resource Center
Four Ways to Use Property Records to Uncover Hidden Risks, by Michael O'Connell
WHITEPAPER
Servicers could be exposed to risk and penalties if their loan due diligence doesn't include these steps.
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11 Mortgage Industry Strategies to Thrive in 2014
WHITEPAPER
Success in the mortgage business has never been simple or easy, but that's especially true today.
READ MORE »
Building Brand Loyalty in Financial Services
WHITEPAPER
In an industry where brand loyalty is key, banks must work diligently to ensure top-notch service and customer outreach through every one of its channels.
READ MORE »
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