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Tag Archives: Risk Management

The Five Pillars of Risk Management

As a mortgage banker, originator or servicer, you may be thinking, “Can the Consumer Financial Protection Bureau (CFPB) interfere with my supplier and service provider relationships?” If you’re asking that question, it is useful to learn more about the CFPB’s vendor oversight expectations. Editor's note: This select print feature is scheduled to appear in the July 2015 issue of DS News, available on July 1.

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Freddie Mac Obtains Insurance Policies Aimed At Reducing Taxpayer Risk

Freddie Mac announced Tuesday that it has obtained a number of insurance policies under its Agency Credit Insurance Structure (ACIS) in an effort to reduce risk to taxpayers in mortgage loans and further expand risk-sharing initiatives beyond capital markets. The announcement comes one week after Fannie Mae announced it was expanding the role of private capital in the mortgage market by transferring the credit risk on a pool of loans from taxpayers to a panel of domestic reinsurers.

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Report: Mortgage Fraud Risk Increases 3.2 Percent

CoreLogic's latest Mortgage Fraud Report, released Tuesday, shows a 3.2 percent year-over-year increase in fraud risk among mortgages in the U.S. in the second quarter of 2014, as measured by the Mortgage Application Fraud Risk Index.

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FHFA OIG Raises Questions About Risks of Nonbank Servicers

The Office of the Inspector General (OIG) for the Federal Housing Finance Agency (FHFA) released a report Tuesday highlighting the risks associated with banks that have traditionally serviced mortgages backed by Fannie Mae or Freddie Mac selling the rights to service troubled mortgages to non-bank servicers that specialize in handling them.

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