CoreLogic Releases White Paper on Mortgage Servicing Risk Models – NMP Skip to main content

CoreLogic Releases White Paper on Mortgage Servicing Risk Models

Oct 17, 2014

CoreLogic has released "Mortgage Servicing: Foundation for a Sound Housing Market," the fourth and final white paper in a series that addresses some of the high-level aspects of the challenges facing the mortgage servicing sector. In this edition, the reform of the industry in the aftermath of the ‘Great Recession’ and the challenges facing it moving forward are discussed, including the variety of new laws and policies now in effect and continuously evolving.

Key insights featured in the white paper include:

►The different mortgage servicing models available and the specific risks associated with each.

►Burdens that were placed on servicers because of an increase in sub-prime and non-performing loans leading up to the housing market collapse.

►Ways that servicers can thrive in the new regulatory environment through better coordination between local, state and federal oversight entities.

►The cost of servicing and the balancing act of maximizing investor returns and sustaining operability while still delivering high-quality customer service.

About the author
Published
Oct 17, 2014
California Approves $25B Homebuyer Loan Program, Targeting New Construction

Proposition 37 could open new purchase lending opportunities, but financing costs and borrower qualification will determine its reach

When AI Takes Action: New Federal Framework Raises Questions

New federal banking guidance examines the risks of autonomous AI, from borrower communications to servicing transactions, with a focus on human oversight and accountability

States Tighten Mortgage Rules For Home Equity Investments

Massachusetts, Maine, and Illinois are expanding oversight of home equity financing

West Capital LO Challenges Contractor Status, Required Fees

A former originator alleges unpaid overtime, recurring tech charges, and company restrictions that he says undermine his independent-contractor status

CFPB Closes 40% Of Investigations, Keeps Mortgage Enforcement In Focus

The federal watchdog closed thousands of supervisory and investigative matters as it narrowed oversight

Midterms Loom With Mortgage Policy Changes Already In Motion

As voters head to the polls Tuesday, Washington is weighing changes to refinancing costs, loan pricing, and lending regulations