Home / Author Archives: Seth Welborn (page 4)

Author Archives: Seth Welborn

Seth Welborn is a contributing writer for DS News. He is a Harding University graduate with a degree in English and a minor in writing, and has studied abroad in Athens, Greece. An East Texas native, he also works part-time as a photographer.

Industry Leaders Discuss Diversity, Inclusion

The Five Star Diversity Symposium was a day-long event focused on advancing the conversation on diversity within the mortgage industry, and featured keynote addresses from industry leaders as well as panel discussions. Represented were companies and government agencies within the mortgage industry, including the Federal Housing Finance Agency (FHFA), Freddie Mac, Fannie Mae, the Consumer Financial Protection Bureau, and the Federal Home Loan Bank of Dallas.

Read More »

FHFA Director Watt Urges Congressional Action on ‘Not Sustainable’ GSEs

Federal Housing Finance Agency Director Melvin Watt testified before the U.S. Senate Committee on Banking, Housing and Urban Affairs Thursday on the status of the housing finance system after nine years of conservatorship. His message? Fannie Mae and Freddie Mac need to be reformed, and soon, else taxpayers will be footing a hefty bill next year.

Read More »

Bringing Law Firms and Servicers Together

On May 10, representatives from the leading mortgage servicers and default servicing law firms in the U.S. met to discuss issues currently impacting business. The Servicer Summit is a biannual gathering of leaders from the mortgage servicing and legal communities focused on fostering conversation and learning from each other.

Read More »

Acting Comptroller Addresses Agency

Following the stepping down of Comptroller of the Currency Thomas Curry on Friday, U.S. Treasury Secretary Steven Mnuchin appointed Keith Noreika as Acting Comptroller and designated him the First Deputy Comptroller of the Office of the Comptroller of the Currency (OCC). On Monday, Noreika held his first address to OCC employees, expressing his eagerness to learn the agency.

Read More »

Bankruptcy Filings Decline

Bankruptcy filings took another fall for another straight month in April 2017. The number of filings has dropped year-over-year every April since 2011, according to April 2017 AACER bankruptcy data reported by Epiq Systems this week.

Read More »

Clayton Introduces Internal Audit Services Program

Clayton Holdings LLC recently announced that it has developed an enhanced internal audit services program. The program is designed to help bank and lender clients develop, manage and enhance their internal risks and controls programs and comply with new government-sponsored enterprise and Consumer Financial Protection Bureau requirements

Read More »

CoreLogic Introduces Total Home Value for Portfolio Monitoring

Total Home Value for Portfolio Monitoring is a self-service, fixed-cost solution that CoreLogic states will help mortgage lenders and servicers evaluate and understand the collateral value of their mortgage portfolios on a periodic basis. CoreLogic states that this solution frees mortgage lenders, insurers, servicers and investors from budgetary constraints that may have resulted in foregoing current valuation information.

Read More »

Keeping FinTechs Litigation-Free

With traditional lending systems such as banks not meeting the needs of consumers, fintechs and online lending platforms have become a much more valuable resource for investors and consumers. Fintechs can use non-traditional data to underwriting and lending techniques to assess the credit worthiness of loan applicants using online information gleaned from social media, etc., notably loan applicants that may appear as “credit invisible” to other institutions. However, this "alternative data" brings security risks.

Read More »

Serving the Underserved

In an effort to better serve some persistent affordable housing problems in the U.S. Fannie Mae and Freddie Mac released their proposed Duty to Serve plans. "Duty to Serve presents a welcome opportunity to lead the mortgage industry and help more American families with their housing needs," said Danny Gardner, Freddie Mac's vice president of affordable lending and access to credit. The purpose of the plan is to better serve some persistent affordable housing problems in the U.S.

Read More »

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.