Nonbanks’ performance amid disruptions caused by the pandemic supports growth. Moody’s increased its operating environment score for nonbank mortgage companies.
For the first time, MISMO is charging a 75-cent-per-loan fee for mortgages registered electronically. The fee will help fund MISMO’s activities, with an emphasis on digital mortgages.
A survey of servicing executives by Fannie Mae found that the companies are having difficulties keeping up with forbearance requirements. Staffing capacity is also an issue.
Lenders surveyed by Altisource cited technology as one of their biggest challenges, while also selecting technology enhancements as an important factor to increase business.
The commission’s recent settlement with Ascension Data & Analytics shows the FTC, like other federal agencies, is increasing its focus on vendors and third-party firms.
The traditional models used to predict consumer credit performance and newer machine learning methods can be extremely inaccurate, according to a new report.