Industry News


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The Cost of Innovation
Fri, 13 Dec 2019 20:38:26 +0000

With mortgage default volumes at all-time historical lows, how can investors, servicers, and mortgage professionals use technology to add power? Editor’s note: This feature originally appeared in the December issue of DS News.

The post The Cost of Innovation appeared first on DSNews.



Is the Net-worth Sweep at the GSEs Constitutional?
Fri, 13 Dec 2019 19:11:31 +0000

After recent developments in the challenge to the net-worth sweep of the GSEs’ profits, the FHFA and the Trump administration calls on the Supreme Court to settle the debate.

The post Is the Net-worth Sweep at the GSEs Constitutional? appeared first on DSNews.



Fannie Mae Exec on Mortgage Servicing’s Digital Future
Fri, 13 Dec 2019 18:29:24 +0000

Varma Penmatsa, VP-Digital Products, spoke with DS News about how innovation in the digital space is impacting mortgage servicing, as well as the challenges in implementing new technologies alongside legacy systems.

The post Fannie Mae Exec on Mortgage Servicing’s Digital Future appeared first on DSNews.



Wells Fargo Names New COO
Thu, 12 Dec 2019 23:56:07 +0000

From Scott Powell's appointment as COO at Wells Fargo to over $1B in funding from First American Title Insurance, get the latest updates in this Industry Pulse.

The post Wells Fargo Names New COO appeared first on DSNews.



Fannie Mae Prepping Future Housing Leaders
Thu, 12 Dec 2019 23:14:52 +0000

Management Leadership for Tomorrow and Fannie Mae's Future Housing Leaders have announced the Future Housing Leaders Fellowship. A MLT Career Prep track that will allow college students to apply for internships through Future Housing Leaders.

The post Fannie Mae Prepping Future Housing Leaders appeared first on DSNews.



Home Equity Increases Signal Positive Investment Future
Thu, 12 Dec 2019 21:14:07 +0000

With home equity on the rise, borrowers at the ready for investing in more home improvements

The post Home Equity Increases Signal Positive Investment Future appeared first on DSNews.



Working Toward a More Diverse Mortgage Industry
Thu, 12 Dec 2019 16:50:50 +0000

Five Star will host Convergence in New Orleans in May, with industry leaders sharing their thoughts ways to promote and foster a more diverse and inclusive environment.

The post Working Toward a More Diverse Mortgage Industry appeared first on DSNews.



Preparing for Debt and Delinquency Shifts in 2020
Thu, 12 Dec 2019 16:23:24 +0000

Transunion SVP Joe Mellman spoke with DS News about what factors are impacting the market and homeowners.

The post Preparing for Debt and Delinquency Shifts in 2020 appeared first on DSNews.



Building More Inclusive Environments in Financial Services
Wed, 11 Dec 2019 21:41:54 +0000

Sheri Crosby-Wheeler, VP, Corporate Social Responsibility, Mr. Cooper spoke with DS New about the difference between diversity and inclusion concepts, and how Mr. Cooper is using these concepts to better itself as a company.

The post Building More Inclusive Environments in Financial Services appeared first on DSNews.



CFPB Aims for ‘Culture of Compliance’ in Finance System
Wed, 11 Dec 2019 21:15:43 +0000

On the one-year anniversary of her appointment as CFPB director, Kathleen L. Kraninger says she aims to create a “culture of compliance” in the U.S. finance system and highlights the bureau’s achievements under her direction.

The post CFPB Aims for ‘Culture of Compliance’ in Finance System appeared first on DSNews.