lonely-at-work-remote-birthday-cake
Mortgage Industry Trends

Are We a Lonely Group?

I came across an article that piqued my interest. It talked about the loneliness of today’s workers in an office environment. Not those who work on the road, remotely, or from home, but those who congregate each day at the office to perform their duties. Why would these people be so lonely when surrounded by all their counterparts? Maybe, because…

Continue Reading

student-debt-freddie-mac-new-requirements
Mortgage Compliance

Freddie Getting a Little Picky on Student Loan Debt

In a mortgage world of eased credit standards, Freddie Mac is tweaking how they will treat an applicant’s student loan debt. Today when an applicant carries student loans that do not indicate a specific monthly payment amount on their credit report, lenders must obtain documentation to evidence the monthly payment due. This can cause problems and delays. Student loans with…

Continue Reading

MBA-annual-conference-2017-recap
Mortgage Industry Trends

ICYMI: A Recap of What’s Going On in Denver

In case you didn’t attend the National MBA Conference in Denver, here are some snippets on what’s going on. Fannie Mae Fannie Mae made some new announcements about more D1C authorized vendors and on expanding pilots to test out the use of single vendors for all required validations. They also announced their new Application Interfaces providing lenders with everything needed…

Continue Reading

equifax-identity-theft-fraud-vault-day-1-certainty
Mortgage Industry Trends

Equifax Breach Could Threaten Mortgages

The recent hack of consumer personal information held by Equifax provides cybercriminals with multiple access points to consumer credit. Aside from the obvious threats to unlawful credit card use, the information obtained could offer the keys needed to open many more unlawful opportunities. The breach opened the door for access to Equifax’s The Work Number employment and income verification service.…

Continue Reading