Feature Article Archives
Secondary Marketing Executive is putting some of our best feature articles online as a resource to the community. Click on an article description to view the article. Many of these articles are in pdf format which require Adobe Acrobat Reader version 5.0 or higher. Please click here to download your free copy of Adobe Acrobat Reader's latest version.
Lending
- What Do Bi-Weekly Payments Mean For The Secondary Market? - Secondary market executives should cast their eyes on this small but growing payment option.
- Predatory Lending Reforms Gain Steam. A funny thing happened on the road to subprime: predatory lending has become a magnet for reforms.
- Lenders Need Alternative Products To Attract Additional Customers. Adjustable-rate mortgages, hybrids and pledged asset loans can help increase volume.
- Renovation Loans: Rebuild America And Your Company's Business. Loan officers can obtain a competitive advantage through renovation programs, which are not more complicated than standard lending products.
- A- Breaks Away From The Subprime Pack - Loans to "just-miss" borrowers become one of the hottest niches of 2000. A- Is A $70 Billion Market Changing Every Day.
- Fraud Becomes A Problem For Warehouse Lenders As Business Dwindles - As borrowers become more desperate, pressure builds to exploit perceived weaknesses in lenders' processes.
- Rates Up? So What! In HELs, 'One Man's Ceiling Is Another Man's Floor' - By building relationships in the secondary market, banks can safely clear their warehouse loan inventory, creating new opportunities for making more home equity loans.
- Just Call Him 'Sam' - The New Kid On The Loan Block - Stimulating new originations will require some innovative product thinking. One key goal is to identify programs with lenders.
Property Valuations
- How To Ask Vendors About Automated Valuation Models - Selecting an AVM is an important decision. How can you be sure you’re picking the product that’s right for you? Here’s 10 questions to consider.
- How Good is Your AVM Vendor? - We’ve devised a simple test to rate AVM vendors using criteria that is generally acknowledged as predictive of customer satisfaction. You may want to assign different scores based on you own organization’s business requirements.
- Bringing Value To The Property Appraisal Process - Originators and other market participants have developed alternative means of valuation to supplement or replace full appraisals.
Outsourcing
- Automating B2B Processes Through Outsourcing Companies - Automation tends to decline for post-transfer and post-closing processes. However, outsourcing automation of those tasks can be an effective solution - as long as firms are careful to ask outsource firms the right questions.
- Outsourcing Strategies - Controlling Expenses In The New Environment.
Legal Issues
- Nobody Said It Was Going To Be Easy! FAS133 Compliance Is A Daunting Task. Problems persist with the hedging treatment of pipeline mortgages and servicing portfolios issues.
- These Alternatives Can Be Settling. Today, the regular judicial process is not the only option available to parties with legal conflicts. Alternative dispute resolution (ADR) can reduce the time and expense involved in litigation.
Technology
- Anatomy of the Electronic Signature: You Gotta' Trust - A signature authenticates writing by identifying the signer with the signed document. The act of signing a document calls to the signer's attention the legal significance of the signer's act.
- Do You Speak XML Internet Language? - The development of a common Internet language has long been a Holy Grail. Servicers may have what they need with XML.
- ASPs Troll For Big Catch On The Net - Their business is expected to double each year between now and 2004, growing from $300 million in revenues last year to $7.8 billion worldwide in 2004. (Requires Adobe Acrobat Reader)
GOVERNMENT-SPONSORED ENTERPRISES
- Lines Blur Between Primary And Secondary Markets - By 2003, $800 billion in mortgage principal will be in the portfolios of Fannie Mae and Freddie Mac. That will force many lenders to leave the mortgage business entirely.
PIPELINE MANAGEMENT
- Connecting Point Of Sale To Markets Enhances Pipeline Management - With things moving faster in the issuance of real-time rate lock commitments to borrowers, positions need to accurately reflect that information on an intra-day basis.
Insurance
- Structured Finance Reinvents Mortgage Insurance Industry - This is not your father's mortgage insurance. Structured finance, especially captive mortgage reinsurance, has redone the business. (Requires Adobe Acrobat Reader)
Capital Markets
- Wall Street Trading Desks Battle For A Share of Mortgage Products - Large investors with their own trading desks are giving Wall Street firms a run for their money. (Requires Adobe Acrobat Reader)
In Next Month's SME
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