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Mortgage News Daily

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MBA Weighs in on Proposed LO Compensation and Qualifications
Posted to: Daily Newsletter
Wednesday, October 17, 2012 5:38 PM

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Oct 17, 2012 12:03PM

MBA Weighs in on Proposed LO Compensation and Qualifications

The Mortgage Bankers Association has sent a letter and supporting materials to the Consumer Financial Protection Bureau providing its opinion on the CPFB's proposed rule on mortgage loan originator (LO) compensation and qualifications . CFPB's proposal would augment the existing rules issued by the Federal Reserve Board (Board Rules) with similar provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The principal difference between the Board Rules and Dodd-Frank is that the...

Oct 17, 2012 10:27AM

With a 0.22% Recovery Rate, OIG Recommends Tighter Oversight of GSE Deficiency Collections

In 2011 the two government sponsored enterprises (GSEs) pursued deficiencies following foreclosures in the amount of headline.1 billion but collected only 4.7 million from defaulted borrowers. Many of these deficiencies are uncollectible because the borrowers lack any financial resources to collect against, but some borrowers may now or in the future have the ability to repay such as owners of investment properties or vacation homes or borrowers who defaulted strategically rather than continue payments...


Micro News

2:06 PM:

MBS Revisit Lows Of The Day, Negative Reprice Risk Still Out There

10:52 AM:

MBS Back Near Weaker Levels Of The Morning

9:39 AM:

Bond Markets Off Weakest Levels After Stronger Housing Starts Data

8:38 AM:

ECON: Housing Starts Demolish Expectations, Highest Since Mid 2008

2:03 PM:

Same Old Range-Bind Continues Despite Weaker Treasuries

10:05 AM:

ECON: NAHB Housing Market Index Rises As Expected

9:47 AM:

Bond Markets Sideways In Weaker Territory After Data

9:20 AM:

ECON: Industrial Production +0.4 Vs +0.2 Consensus

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Today's Comments

yotraj

"Sounds just a bit naive to me! The Judges all over the US have been seeing the fraud brought into their Courts by their own learned colleges. This is not..."

Frank Ceizyk

"Nonsense Bryan. The appraiser doesn't kill the deal. Just because a realtor helps a buyer and seller agree on a price, it doesn't mean it is the..."

 Baron Kahle

"NAR has a god handle on what is occurring in this matter. I wonder if there are people who were around prior to licensing and realize the difference in..."

Today's Q&A

"does a land trust combined with a llc give better protection for investors"

"how can you give your daughter the deed to your home with a mortgage on it ?"

"Income Change while Closing...Need Advice"


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Mortgage Rates:
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  • 15 Yr FRM 3.14%
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  • Jumbo 30 Year Fixed 3.75%
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Recent Housing Data:
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  • Refinance Index 0.90%
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