Latest Rob Chrisman Articles

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Rob Chrisman's Daily Commentary

For the past 10 years Mortgage News Daily has provided our readers with Rob Chrisman's daily commentary.

NEW BofA and GMAC Resume Foreclosures; Feedback on HVCC's "Replacement"; Faulty Note Transfers; DU Early Check Reports; HECM Saver

Tue, Oct 19 2010, 11:29 AM

BoA and GMAC Resume Foreclosures; Feedback on HVCC's "Replacement"; Faulty Note Transfers; DU Early Check Reports; HECM Saver

NEW GSEs Release HVCC Updates; Broker Compensation & YSP Clarification; 15 Year Prison Sentence for Mortgage Fraud

Mon, Oct 18 2010, 9:37 AM

GSEs Release HVCC Updates; Broker Compensation & YSP Clarification; 15 Year Prison Sentence for Mortgage Fraud

NEW Early Pay-Off Penalties Hit Originator Wallets; Foreclosure Uncertainty a Real Issue; Wells Wholesale Accepting BoA Appraisals; Reasons for Buybacks

Fri, Oct 15 2010, 11:20 AM

Early Pay-Off Penalties Hit Originator Wallets; Foreclosure Uncertainty a Real Issue; Wells Wholesale Accepting BoA Appraisals; Reasons for Buybacks

NEW Top 10 Loan Servicers; Confusion on JP Morgan's MERS Relationship; Money Flowing into Mortgage Banking Deals

Thu, Oct 14 2010, 10:31 AM

Top 10 Loan Servicers; Confusion on JP Morgan's MERS Relationship; Money Flowing into Mortgage Banking Deals

NEW White House Against Nationwide Foreclosure Moratorium; Corporate Cash Surplus; JP Morgan Chase Earnings; 3.0s Trade

Wed, Oct 13 2010, 9:58 AM

White House Against Nationwide Foreclosure Moratorium; Corporate Cash Surplus; JP Morgan Chase Earnings; 3.0s Trade

NEW Loan Buybacks Still an Issue; Input on Lender Turn Times; Goldman Sachs Freezes Foreclosures; eNotes; Investor Updates

Tue, Oct 12 2010, 9:26 AM

Originator Loan Buybacks Still an Issue; Input on Lender Turn Times; Goldman Sachs Freezes Foreclosures; eNotes; Investor Updates

NEW Industry Feedback on Foreclosure Debacle; Rate Sheet Rebate vs. Processing Turn Times; Best Practices Lender Guide; Acceptable Income Types

Fri, Oct 8 2010, 11:51 AM

Industry Feedback on Foreclosure Debacle; Rate Sheet Rebate vs. Processing Turn Times; Best Practices Lender Guide; Acceptable Income Types

NEW Options ARM's - The Gift that Keeps on Giving; Top Lenders by Volume; Investor Angle on Foreclosure Issues

Thu, Oct 7 2010, 12:40 PM

Options ARM's - The Gift that Keeps on Giving; Top Lenders by Volume; Investor Angle on Foreclosure Issues

NEW WSJ Asks If Homebuyers Even Need Mortgage Brokers; Wells Wholesale Channel Staying Put; More on Foreclosures; Lock Extension Regs

Wed, Oct 6 2010, 10:08 AM

WSJ Asks If Homebuyers Even Need Mortgage Brokers; Wells Wholesale Channel Staying Put; More on Foreclosures; Lock Extension Regs

NEW Feedback: Loan Closing Delayed on Foreclosed Property Purchase; More on Retained Servicing vs. Released; TPO FHA Production

Tue, Oct 5 2010, 9:27 AM

Feedback: Loan Closing Delayed on Foreclosed Property Purchase; More on Retained Servicing vs. Released; TPO FHA Production

NEW New FHA MIP in Effect; Foreclosure Mess Impacts Title Companies; Wells Stops Short Sale Extensions; Servicers Review Processes

Mon, Oct 4 2010, 9:40 AM

Foreclosure mess impacts title companies; First Horizon leaving; updates from several more investors; today is the big FHA MIP day!

NEW FHA MIP Updates Go Live on Monday; Flood Insurance Officially Extended; Lots of Lender Bulletins

Fri, Oct 1 2010, 12:34 PM

SBA securities? You bet! Flood insurance extended; Monday a big day for MI companies; updates from Chase, Citi, Fifth Third, Fannie, Flag, USB

NEW Chase Suspends Foreclosures; Loan Originators Victim of NMLS Scam; Low FICO Score Homebuyers; Commissions Swapped for Salaries

Thu, Sep 30 2010, 10:47 AM

NMLS scam to be aware of; Chase suspends foreclosures; how does one sell 191,000 houses? Reader comments

NEW Response to Rapid Refi Rumors; Wells Exec Speaks Out on Future of Mortgage Industry; Lock Desks Look for Loans; PMI Max LTV Increased

Wed, Sep 29 2010, 10:42 AM

New pre-election refi plan; rate sheet rates moving lower along with profit margins; Wells exec speaks out on mortgage future

NEW Housing Supply vs. Housing Demand vs. Population Growth; Retained Credit Risk and Non-Agency Loan Securitization; Uniform Dataset Delivery

Tue, Sep 28 2010, 9:51 AM

Big picture housing stats worth a skim; updates from Citi & USB; bad news for Alt-A & jumbo biz

NEW Rural Housing Refi Funds Exhausted; HAMP Loan Mods vs. Non-Hamp Mods; Minimum FICO Score Update; Credit Unions Seized by Regulators; HECM Guidance

Mon, Sep 27 2010, 12:43 PM

Rural Housing Refi Funds Exhausted; HAMP Loan Mods vs. Non-Hamp Mods; Minimum FICO Score Update; Credit Unions Seized by Regulators; HECM Guidance

NEW National Flood Insurance Program Extended, Pending Presidential Signature; Foreclosure Process Articles; Too Much Home Price Data;

Fri, Sep 24 2010, 10:03 AM

National Flood Insurance Program Extended; Good signs in the commercial security market; disaster & health impact thoughts from investors, foreclosure...

NEW Flood Insurance Program Deadline; Uniform Appraisal Data; New Reverse Mortgage Product; Foreclosures in Judicial States; GSE REO

Thu, Sep 23 2010, 12:58 PM

Flood Insurance Program Deadline; Uniform Appraisal Data; New Reverse Mortgage Product; Foreclosures in Judicial States; GSE REO

NEW Servicing Values, AOTs vs. Direct Trades, Profit Margins and Rate Sheet Pricing

Wed, Sep 22 2010, 9:37 AM

Before anyone says that the value of servicing is next-to-nothing, don't forget to consider investor profit margins. And while you're at it, give some...

NEW GMAC Temporarily Suspends Foreclosures in 23 States; Discover Entering Mortgage Biz?; HMDA Data; New DU Version 8.2; Prop 4 in Florida

Tue, Sep 21 2010, 11:43 AM

GMAC Temporarily Suspends Foreclosures in 23 States; Discover Entering Mortgage Biz?; HMDA Data; New DU Version 8.2; Prop 4 in Florida

NEW Broker Originations Dry Up; 120-Day Credit Inquiry Guideline; HVCC News; Bank Closings; PMI Removes 25 Distressed MSA's

Mon, Sep 20 2010, 10:31 AM

Update on replacing HVCC; startling broker production stats; TBW/Cenlar updates, along with GMAC, Flagstar, Freddie, and AmTrust news

NEW More USDA Rural Housing Confusion; Fannie and Freddie Cost Estimates; FHA High Loan Balance Max DTI; Homeowner Outlook

Fri, Sep 17 2010, 10:30 AM

More USDA Rural Housing Confusion; Fannie and Freddie Cost Estimates; FHA High Loan Balance Max DTI; Homeowner Outlook

NEW Originator Compensation Conference Call; Reducing Fraud with Freddie; AOTs vs. Direct Trades; Fannie Mae Econ Outlook; New Relock Policies

Thu, Sep 16 2010, 12:06 PM

Originator Compensation Conference Call; Reducing Fraud with Freddie; AOTs vs. Direct Trades; Fannie Mae Econ Outlook; New Relock Policies

NEW FHA Underwater Refi Option; MBS Issuance; TBW & Freddie Mac Relief Open Access; Wells Buying USDA Product; PHH and JP Morgan Loan Purchase Agreement

Wed, Sep 15 2010, 9:52 AM

FHA Underwater Refi Option; MBS Issuance; TBW & Freddie Mac Relief Open Access; Wells Buying USDA Product; PHH and JP Morgan Loan Purchase Agreement;

NEW BofA's $20 Billion Buyback Issue; MDIA Impact at Month-End; Preparing for an Audit; Jumbo Loans on the Radar;

Tue, Sep 14 2010, 10:54 AM

BofA's $20 Billion Buyback Issue; MDIA Impact at Month-End; Preparing for an Audit; Jumbo Loans on the Radar;

NEW Bad Mortgage Loans Almost Behind Us?; Lending Tree vs. Zillow; More on Self-Employed Borrowers; RESPA Tolerance Defects; FHA MIP Updates

Mon, Sep 13 2010, 10:11 AM

Bad Mortgage Loans Almost Behind Us?; Lending Tree vs. Zillow; More on Self-Employed Borrowers; RESPA Tolerance Defects; FHA MIP Updates

NEW Extending Credit to Self-Employed Borrowers; FDIC Sells Delinquent Loans; Brokers Ordering FHA Case Numbers; 2nd Credit Pulls

Fri, Sep 10 2010, 11:00 AM

Feedback on Extending Credit to Self-Employed Borrowers; FDIC Sells Delinquent Loans; Brokers Ordering FHA Case Numbers; 2nd Credit Pulls

NEW Flagstar Cutting Warehouse Lines; Section 502 Loans Move Ahead; Increase in Corporate Debt Issuance; Prepayment Speeds Faster

Thu, Sep 9 2010, 12:18 PM

Flagstar Cutting Warehouse Lines; Section 502 Loans Move Ahead; Increase in Corporate Debt Issuance; Prepayment Speeds Faster

NEW Potential Spot to Shelf Jumbo Loan Paper; FHA Q&A on Condo Recerts; Buyback Breakdown; Lots of Lender Updates

Wed, Sep 8 2010, 10:27 AM

Potential Spot to Shelf Jumbo Loan Paper; FHA Q&A on Condo Recerts; Buyback Breakdown; Lots of Lender Updates

NEW Zero-Down Payment Programs; New FHA Mortgagee Letter; Does the Value of Servicing Warrant Retaining It?

Tue, Sep 7 2010, 11:19 AM

Zero-down programs - why not?! Jumbo market stirrings; HUD & agency updates; does the value of servicing warrant retaining it?

NEW Banks Prefer Cash Buyers in REO Sales; Freddie Mac Streamline Refi Program; Originator Capacity Constraints; Comments on Property Flipping

Fri, Sep 3 2010, 10:26 AM

Banks Prefer Cash Buyers in REO Sales; Freddie Mac Streamline Refi Program; Originator Capacity Constraints; Comments on Property Flipping

NEW Litany of Investor Bulletins: Mortgage Insurance, Appraisal Photos, Originator IDs, Incomplete GFEs, 203(b)'s, Reserve Requirements, No More ARMs

Thu, Sep 2 2010, 11:39 AM

Litany of Investor Bulletins: Mortgage Insurance, Appraisal Photos, Originator IDs, Incomplete GFEs, 203(b)'s, Reserve Requirements, No More ARMs

NEW Another Review of Originator Compensation Regs; Loan Programs That Don't Require an Appraisal; JP Morgan Cuts Deal to Reduce Buyback Exposure

Wed, Sep 1 2010, 12:14 PM

No-appraisal loans; Pennsylvania gives compensation opinion; SS# funnies; impact of lower rates; JPM's buybacks; commercial rebound?

NEW New FHA MIP Structure to Slow Streamlines; Appraisal Adjustments; GSE MBS Issuance in July; FDIC Transparency; Update on Non-Agency Paper

Tue, Aug 31 2010, 10:50 AM

FHA to FHA Refi Apps on the Rise but New MIP Structure will Slow Streamlines; GSE MBS Issuance in July; FDIC Transparency; Appraisal Adjustments

NEW Originator Compensation Guidance Offered by Lender; Common Reasons for Buyback Requests; Servicer Rankings; Warehouse Line News; Investor Updates

Mon, Aug 30 2010, 10:26 AM

Originator Compensation Guidance Offered by Lender; Common Reasons for Buyback Requests; Servicer Rankings; Warehouse Line News; Investor Updates

NEW Talk from the Trenches: Loan Pricing Margins Getting Crushed as Rally Persists; "Bad Loan Biz" Doing Well; FHA Steamline Product; Buybacks and Credit Overlays

Fri, Aug 27 2010, 9:50 AM

Talk from the Trenches: Loan Pricing Margins Getting Crushed as Rally Persists; "Bad Loan Biz" Doing Well; FHA Steamline Product; Buybacks and Credit ...

NEW HAMP's Political Intentions;More Rural Housing Confusion; Investors Shy Away From Property Flipping; Credit Overlays

Thu, Aug 26 2010, 9:55 AM

HAMP's Political Intentions;More Rural Housing Confusion; Investors Shy Away From Property Flipping; Credit Overlays

NEW HAMP Fallout Quadruples; FHA Condo Recertification Requirements; Rapid Refinance as Means to Distribute Money Around the Economy;

Wed, Aug 25 2010, 10:02 AM

HAMP Fallout Quadruples; FHA Condo Recertification Requirements; Rapid Refinance as Means to Distribute Money Around the Economy;

NEW Homeownership: Deed of Trust vs. Mortgage; Applying the Definition of Loan Originator; New FHA Jumbo FICO Floors; HOA Certs; Revised DTI Regs

Tue, Aug 24 2010, 9:51 AM

Homeownership: Deed of Trust vs. Mortgage; The Definition of "Loan Originator"; New FHA Jumbo FICO Floors; HOA Certs; Revised DTI Regs

NEW FHA Insures High Cost Multi-Family Housing Development; Taylor Bean Buyouts Impact Prepay Speeds; Non-Agency Delinquency Rates; REO Inventory;

Mon, Aug 23 2010, 11:38 AM

FHA Insures High Cost Multi-Family Housing Development; Taylor Bean Buyouts Impact Prepay Speeds; Non-Agency Delinquency Rates; REO and Foreclosure In...

NEW Homeowner Confidence Declines; Census Bureau Shares Housing Data; NY Fed Discusses the TBA MBS Market

Fri, Aug 20 2010, 11:19 AM

Two great reports from the NY Fed and the Census Bureau; rates sure are good and may continue that way

NEW Fannie Mae 125% CLTV Product; Feedback on "All Cash" Real Estate Purchases; Updates from Flagstar, Wells, GMAC, Chase, FAMC

Thu, Aug 19 2010, 10:23 AM

Fannie Mae 125% CLTV Product; Feedback on "All Cash" Real Estate Purchases; Updates from Flagstar, Wells, GMAC, Chase, FAMC

NEW Yield Spread Chatter; HARP Comments; SAFE Act Training; More GFE Errors

Wed, Aug 18 2010, 9:54 AM

Worthwhile YSP & HARP chatter; SAFE Act training; continued GFE errors

NEW Reg Z Rules and Proposals Galore; Closing Costs Higher; Freddie Gives Clients "Greater Flexibility"; Fannie Discusses Hardships

Tue, Aug 17 2010, 11:13 AM

Reg Z Rules and Proposals Galore from the Fed; Closing Costs Higher; Freddie Gives Clients "Greater Flexibility"; Fannie Discusses Hardships