TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/663718
TH E M R EP O RT | 9 FROM THE SOURCE Knowledge WHY LIA? The Largest Provider of E&O Insurance to AMCs in the U.S. SINCE 1977 POLICIES SPECIFICALLY DESIGNED FOR AMCS COMPETITIVELY PRICED COVERAGE NATIONWIDE COVERAGE WITH "A" RATED COMPANIES STATE AMC BONDS WITH NO ADDED FEES Contact Susan Lomeli Susan@liability.com Ph: (800) 334-0652 X 139 Fax: (805) 962-0652 www.liability.com CA License #0764257 Administrators & Insurance Services LIA_AMC_Print_Ad_Knowledge_2.2917x9.125.indd 1 2/11/15 7:18 PM SHARE THIS ∂ WORKOUT SETTLEMENTS ROADMAP Freddie Mac has launched an online Workout Settlements Roadmap designed to provide lenders with better clarity through- out the settlement process. The site features step-by-step instructions on navigating settlements, from the initial preparation of the settlement to the final post-settlement corrections. Freddie has also included links to training opportunities and additional resources for troubleshooting along the way. READ THIS "THE MORTGAGE PROFESSIONAL'S HANDBOOK: SUCCEEDING IN THE NEW WORLD OF MORTGAGE FINANCE" By Jess Lederman and Tomasz Lasota The first in a three-part series designed specifically for mortgage professionals, this handbook covers everything from sales and marketing to technology, compliance, and other hot-button industry topics. With chapters written by professionals from Fannie Mae, Freddie Mac, the Federal Housing Administration and more, it's a must-read for anyone immersed in today's mortgage landscape. TWEET THIS #ASKSECCASTRO Julián Castro, secretary of the U.S. Department of Housing and Urban Development, recently hosted a town hall question-and-answer session on Twitter, where he welcomed questions from the general public regarding homeownership, the mortgage industry, and other topics of interest. Issues regarding homelessness, affordable housing for those with criminal records, and domestic violence housing were also brought up. See all the questions and Castro's answers on Castro's Twitter page at twitter.com/SecretaryCastro or by searching the hashtag #AskSecCastro. WATCH THIS ∂ "LESSONS FROM THE CRISIS: ENDING TOO BIG TO FAIL" by Neel Kashkari, President of the Federal Reserve Bank of Minnealpolis MinneapolisFed.org Neel Kashkari, president of the Minneapolis Fed, spoke at the Brookings Institution in Washington, D.C., recently on the "too big to fail" theory, as well as considerations for future financial reform. During his speech, the former Goldman Sachs banker called for the break-up of big banks, the conversion of large banks into public utilities, and taxing leverage. The full speech can be viewed at MinneapolisFed.org.