Mortgage Industry Professionals Discuss 2021’s Anticipated Challenges

first_img Demand Propels Home Prices Upward 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save in Daily Dose, Featured, Government, News, REO The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Occupancy Fraud Risk Rises in Q3, Other Segments Decrease Next: Updates on Statewide Foreclosure and Eviction Moratoria October 28, 2020 14,874 Views Related Articles Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Servicers Navigate the Post-Pandemic World 2 days ago This week, Safeguard Properties is once again hosting its annual National Property Preservation Conference. A tradition since 2004, the event—this year fully virtual due to COVID-19—provides an “outlet for industry leaders to collaborate and innovate,” according to organizers.  This year’s virtual conference kicked off Tuesday with a keynote address by Min Alexander, GM and COO for online residential real estate auction marketplace Auction.com.  Alexander said a few things that latter panelists echoed. While acknowledging how many changes are occurring this year as the result of a national health crisis—issues related to workflow, technology, resources, and communication, to name a few—she said the “north star” for her company remains the same: “Does this serve and strengthen our communities?”  Before diving into some housing data from her colleague, economist Daren Blomquist, and discussing the differences between the current recession and 2008, she shared with the audience the important instruction she tells her own team: “Get comfortable being uncomfortable.” This theme of agility, responding quickly to the many inevitable changes, was also mentioned throughout the day as one essential characteristic for any individual or organization hoping to thrive in the coming months and years.  “Be nimble and anticipatory of things facing you in the future,” said Patrick Coon, Senior Managing Director of Servicing for Home Point Financial, when asked during a “State of the Industry” panel about the biggest challenges facing property preservation. He cited the need to respond quickly to recent increased staffing demand, more and deeper reporting and analysis, and the in-depth preparation that needs to happen as we enter 2021—and approach the onslaught of forbearance exits it will likely bring.  This “known-unknown,” as the “State of the Industry” moderator Ed Delgado, Five Star Global’s Chairman Emeritus, phrased it, is one challenge unanimously acknowledged by the panelists. The session’s speakers included Coon; Tim Rood, Head of Industry Relations for SitusAMC; Caroline Reaves, CEO of Mortgage Contracting Services; Marcel Bryar, Managing Director of Mortgage Policy Advisors (MPA); Alan Jaffa, CEO of Safeguard; and Sara Singhas, Director of Loan Administration for the MBA.   The current high rate of forbearance plans could prove problematic when it comes to neighborhood blight, Jaffa said. He noted that properties in forbearance, though delinquent, do not undergo the regular property inspections performed on bank-owned properties.  “Code enforcement hasn’t been telling us just yet about a big spike [in blight], but we’ve been concerned about it from the beginning,” he said. “During forbearance process the servicer is not performing an inspection. Many people aren’t considering this but you’re talking about probably millions of properties that have not been making payments and have not undergone an inspection, and this is a concern, which could also affect surrounding home prices.”   Coping with disasters, such as Hurricane Harvey, in past years has helped prepare the mortgage servicing/housing industry for its efficient response to the ongoing COVID-19 disaster, Bryar said. Still, some of Congress’ foreclosure prevention measures created new uncertainties for the industry. “The CARES act was historical but the ways various groups … interpreted and regulated it was striking,” he added, and he suggested that is something to which the industry will need to constantly adjust as new or updated actions are taken.The policy conversation led to a discussion about the possible impact of the upcoming election. While the panelists each shared different predictions about what degree to which the outcomes will affect the industry, a number agreed that the first few months following the election, whatever the result, could be fraught with unrest due to the probability that one party will challenge it.  “It’s [the election] closer than what the media makes it appear,” Delgado said, in response to a question regarding the upcoming presidential election “We’ll see what happens next week. Irrespective of the outcome, I believe the results will be challenged.” Jaffa added, “Before we worry about new regulations for servicers, we will need to get through the first few months.” The conference continues Wednesday. More information is available here.   Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Mortgage Industry Professionals Discuss 2021’s Anticipated Challenges Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Mortgage Industry Professionals Discuss 2021’s Anticipated Challenges 2020-10-28 Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago About Author: Christina Hughes Babb Subscribelast_img read more

Daily Dirt: Outdoor News for May 16, 2013

first_imgYour outdoor news bulletin for May 16, the day Japanese mountaineer Junko Tabei became the first woman in history to reach the summit of Everest, causing all male mountaineers to feel bad about themselves:Overcoming the OddsA couple of inspirational stories in today’s Dirt.First, comes the profile of Josh Williams from the Roanoke Times. Williams served 13 months in Iraq after joining the Army out of high school. Upon returning to the states relatively unscathed by the experience in 2006, he was struck by a car while riding his motorcycle to guard duty at Fort Hood in Texas. He lost his right arm in the accident and was sent to Walter Reed National Military Medical Center for rehab and recovery. Part of that recovery included getting involved in Project Healing Waters, a program we have covered in the magazine in the past. What’s unique about Williams’ story is how far PHW has taken him; well beyond just mental and physical recovery, Williams is now making a living from fly fishing. He has two fly patterns, Josh’s White Lightning and Josh’s Wiggle Hellgrammite, for sale at Orvis – he receives royalties – and through his new venture Dead Drift Flies, which also offers guiding and apparel.The second story is that of Terry Tinnell, who made it to the top of Georgia’s Mount LeConte and to the Mount LeConte Lodge in a wheelchair. Using a specialized chair, and with the help of family, friends, and Cocoa the guide dog, Tinnell, a native of Atlanta, Ga. celebrated his birthday at the top of the mountain Wednesday. He is the only known person to reach the lodge, which sits at 6,400 feet, via wheelchair.Both these outdoors enthusiasts should be an inspiration to us all and a reminder that anything is possible when you set your mind on it.Beer NewsAsheville loses informal, unscientific, reader driven poll as Beer City USA to Grand Rapids, Michigan following a four year run as the top dog. Comments on the story range from “Eh” to “Whatever” to “Who Cares.” It’s obvious Asheville, N.C. has become too cool for polls and will let the beer and the beer economy do the talking from now on.Are over-hopped beers ruining the craft beer industry? That is the hypothesis posited by Adrienne So of Slate.com, the lede of which is “The craft beer industry’s love affair with hops is alienating people who don’t like bitter brews.” Well, I’m not sure about the reasoning here but I will give So props for using the term “watered-down horse piss” in the article.Bike NewsCharlottesville Bike Week in full swing.Richmond Area Bicycling Association (RABA) has launched a grants program to support bicycle related programs, events, and projects.If you are a doping amateur cyclist, do yourself a favor and don’t enter the Gran Fondo New York. Organizers are spending $15,000 on drug tests to deter dopers from competing int he 105-mile event.New A.T. Trail TownLuray, Va. and Page County are the latest county and town to be designated as an Appalachian Trail Community by the Appalachian Trail Conservancy.last_img read more

Guwahati India Open International Rating Chess Tournament Begins

first_imgSports ReporterGUWAHATI: The 3rd Guwahati India Open International Rating chess tournament was inaugurated by Minister for Water Resources, Science and Technology & IT of Assam Keshab Mahanta in presence of several former chess players. A total of 356 players including GM Vasquez Schroeder Rodrigo, from Chile, Belgium, Thailand, Philippines, Bangladesh, Nepal and host India are participating in this 6-day International event which carries prize money of Rs 10 lakh. Also Read: Assam Chess Club Hosting Chess Coaching Camp in GuwahatiAlso Watch: Road Accident in Demow, One dieslast_img

Storify: Syracuse community reacts to Battle 4 Atlantis title win over No. 25 Texas A&M

first_img Related Stories Fast reaction: Syracuse beats No. 25 Texas A&M to win Battle 4 Atlantis championshipGallery: Syracuse wins Battle 4 Atlantis championship game against Texas A&M [View the story “Social media reacts to Battle 4 Atlantis title win” on Storify] Comments Published on November 27, 2015 at 5:20 pm Contact Jon: [email protected] | @jmettuscenter_img Facebook Twitter Google+last_img