Archives For: Industry Alert
VA: VALERI Special Announcement
The U.S. Department of Veterans Affairs (VA) issued a release outlining an upcoming system deployment scheduled to begin on Friday, September 27, 2019.
26 Sep 2019
CFPB: Executive Team Additions Announced
The Consumer Financial Protection Bureau (CFPB) announced five additions to its executive team.
25 Sep 2019
Dispose Distress Early to Minimize Loss Severity
HousingWire published an article authored by Auction.com Vice President of Economics Daren Blomquist. In it, Blomquist discusses a recent study conducted by Fannie Mae and researchers from Marquette University and the University of Wisconsin Stout that has found that loss severity on nonperforming loans is lower when properties are disposed of early (before a lender takes ownership).
17 Sep 2019
CFPB: Policies to Facilitate Compliance and Promote Innovation Issued
The Consumer Financial Protection Bureau (CFPB) issued three new policies to promote innovation and facilitate compliance: the No-Action Letter (NAL) Policy, Trial Disclosure Program (TDP) Policy, and Compliance Assistance Sandbox (CAS) Policy.
10 Sep 2019