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MND NewsWire features plain and simple interpretations of industry related data and events written in a manner that maintains the interest of random readers while still catering to the perspective of a housing market professional.
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Final Rules Issued on Originator Compensation. Mortgage Industry Needs Some Simplification
Comments (203)
Read More
by
AQ
on August 16 2010, 11:38 AM
Today the Federal Reserve Board announced the final rule on loan originator compensation practices. The new rules apply to mortgage brokers and the companies that employ them, as well as mortgage loan officers employed by depository institutions and...
Originator Compensation Reform: Putting the Cart Before the Horse
Comments (138)
Read More
by
AQ
on December 06 2010, 11:48 AM
The final rules are effective April 1, 2011. I don't think the industry is anywhere near ready for it right now. I don't think the government is either!...
Foreclosure Happens, But There Are Solutions
Comments (108)
Read More
by
Mortgage News Daily
on August 02 2005, 7:00 AM
Foreclosure is the last thing a homeowner thinks about when giving a mortgage. But it happens. We will discuss the process and some solutions to a desperate situation....
Case-Shiller Survey: Home Prices Likely Heading Lower
Comments (92)
Read More
by
Jann Swanson
on March 24 2011, 2:17 PM
The country is on the verge of a double-dip in housing prices according to new survey from MacroMarkets LLC . The financial technology company asked a panel of 111 economists, real estate experts, investment and market strategists to project the path...
Fed Proposes TILA Amendments. Includes Fee Cap
Comments (91)
Read More
by
AQ
on April 19 2011, 4:22 PM
The Federal Reserve is inviting public comment on a rule that would provide four options for complying with new amendments to the Truth in Lending Act (TILA). In an attempt to limit confusion we've written this story using as much content from the Fed...
Housing Bubble To Bust? FDIC Certainly Hopes Not
Comments (88)
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by
Mortgage News Daily
on May 17 2005, 7:00 AM
FDIC has now issued two recent reports to say the housing boom won’t go bust because, well gosh, it hardly ever has....
HR 3915 Addresses Many Aspects of Predatory and Other Mortgage Lending
Comments (77)
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by
Mortgage News Daily
on November 05 2007, 8:00 AM
Sides are quickly being drawn over a pending bill before the House of Representatives which, if passed, will put in place some stringent new standards for mortgage underwriting and the regulation and compensation of mortgage brokers. HR 3915 is expected...
Mortgage Professionals Still Considered Scum. Time to Man Up
Comments (76)
Read More
by
AQ
on October 26 2010, 10:55 AM
Negativity and uncertainty are abundant and guess whose fault it is? OURS! At least that's the perspective of the outside world. It doesn't matter what role you perform in the process, if you work in the mortgage industry, you are lumped into the crowd...
Appraisal Fraud: A Need To Sort Out The Victims From The Perps?
Comments (74)
Read More
by
Mortgage News Daily
on April 25 2005, 7:00 AM
Appraisers have taken the lead in asking for relief from pressures that some say may be leading to a full-scale appraisal fraud scandal....
Mortgage Short Sale - An Exit Strategy or an Investment Opportunity?
Comments (73)
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by
Mortgage News Daily
on July 05 2005, 7:00 AM
A real estate short sale is only one of several options available to lenders when a loan defaults. It might be, however, the least painful to everyone concerned....
Become A Real Estate Agent During The Housing Boom and Get Rich Quick? Think Again.
Comments (71)
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by
Mortgage News Daily
on June 13 2005, 7:00 AM
Every boom real estate market brings a boom in newly minted agents. A few words of caution from a somewhat weary veteran....
Limited Service Real Estate Offices (Flat Fee MLS and FSBO Websites) Provoking Backlash
Comments (70)
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by
Mortgage News Daily
on March 14 2005, 7:00 AM
Limited Service Real Estate Offices draw fire over services such as For Sale By Owner Websites and Flat Fee MLS Listings. ...
Buy A New House or Sell Your Old House First - Chicken Or The Egg ?
Comments (70)
Read More
by
Mortgage News Daily
on September 27 2004, 7:00 AM
For the homeowner it can be a tough decision – buy a new house, or sell the old one first. Here are some 'solutions' to the problem....
NAACP Subprime Discrimination Suit
Comments (66)
Read More
by
Mortgage News Daily
on July 16 2007, 7:00 AM
We mentioned briefly last week that the National Association for the Advancement of Colored People (the NAACP) has filed a class action suit against more than a dozen subprime lenders in an effort to stop those lenders from engaging in what the suit calls...
Eminent Domain - Your Home Is Your Castle !
Comments (65)
Read More
by
Mortgage News Daily
on February 28 2005, 8:00 AM
An eminent domain case makes it to the Supreme Court. While the Court may be months away from a decision, public protests and the resulting media coverage is turning the spotlight on a 225 year-old-process with a 50-year-old twist....
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