TheMReport

August 2014

TheMReport — News and strategies for the evolving mortgage marketplace.

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TH E M REP O RT | 3 14 WE'VE COME A LONG WAY BABY "Mad Men" may have be an accurate depiction of women's roles in the workplace in the 60s, but now women are leading companies and steering corporate visions in remarkable ways. 16 HUD TAKES ACTION TO IMPROVE REVERSE MORTGAGES New guidelines protect surviving spouses and adjust age requirements SPECIAL SECTION 19 POWER PLAYERS: WOMEN IN HOUSING Meet the 2014 class of power players, a group of great leaders that does the industry proud. Penncro Associates, Inc. is a premier women-owned service provider for the Accounts Receivable Management (ARM) and Customer Relationship Management (CRM) Industries. Celebrating its 32nd year in business, Penncro continues to meet the performance metrics and rigorous compliance standards of its clients in the financial services industry. Mortgage Services s Delinquency & Default Prevention s Customer Contact Efforts s Recovery Collections s Loss Mitigation Programs s Quality Monitor Assessments s Other Non-Customer Facing Programs 1-888-PENNCRO SALES@PENNCRO.COM WWW.PENNCRO.COM C O N T E N T S ORIGINATION SERVICING ANALYTICS SECONDARY MARKET 34 New Home Purchase Ap- plications Slide in June: Tighter credit and higher down payments mean the buyers just won't—or can't—buy. 44 CFPB Releases Guidance on Mini-Correspondent Brokers: Brokers trying to escape the 3 percent fee cap are reminded of the rules. 54 CoreLogic: More Flood Insurance Needed: Most homes lie outside FEMA's high-risk 'flood zones,' but thousands of medium-risk homes don't have flood insurance. 60 OCC: Banks Taking on More Risks: Lower margins might entice banks to make bad decisions, and the OCC is warning executives.

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