Thu, May 29 2014, 10:28 AM
There
are many ways to divvy up residential lenders: size, agency approvals,
QM or non-QM, geography, broker and banker, take your choice. One ver...
Wed, May 28 2014, 10:40 AM
How much is 90-minutes of your time worth? How about that of your
originators, underwriters and processors? MBA recently launched a new web course ...
Tue, May 27 2014, 10:11 AM
The industry knows that 2013 was the tale of two profitability profiles for residential lending:
the first half and the second half. Now the MBA hav...
Fri, May 23 2014, 11:19 AM
I
remember when I first entered the working world, after a few months my
HR person asked, "I see that you're not signed up for the company's
401...
Thu, May 22 2014, 9:55 AM
More informal/off-the-record chatter from the MBA's Secondary Conference . Many companies are moving toward a variable cost model
rather than fixed...
Wed, May 21 2014, 10:15 AM
Here's a little more informal/off-the-record chatter from the Secondary Conference .
First, there is a general sense of optimism among the particip...
Tue, May 20 2014, 9:40 AM
Various topics from the hallways of the MBA's Secondary conference... How can the CFPB go from a
handful of employees to over 1,400 in a few short ...
Mon, May 19 2014, 10:27 AM
People
here at the Secondary Marketing conference are keenly interested in an
insider's view of what the MBA is focused on, and what is causing a ...
Fri, May 16 2014, 10:12 AM
The
Census Bureau tells us that American families formed 423,000 new
households during the 12 months ending 3/31/14. 79% of the new
households...
Thu, May 15 2014, 10:38 AM
With
so many economic indicators that flood my email account each month, I
hate to introduce another one for fear of paralysis. However, I will
...
Wed, May 14 2014, 10:41 AM
Hey,
I have an idea! Let's have the government encourage expanding lending
to riskier borrowers . That way we can sell more houses, real estate
...
Tue, May 13 2014, 10:54 AM
Sometimes it is hard to keep track of the players out there, both companies and individuals. But late last week Cole Taylor Bank ,
a wholly-owned s...
Mon, May 12 2014, 10:38 AM
"Under
the current rules, would it be illegal for a company to offer a
mortgage program that had discounted mortgage rates for people with
col...
Fri, May 9 2014, 10:18 AM
"Where
do I go to find out about resources to mortgage lenders and mortgage
brokers to learn about state specific requirements , licensing, the
...
Thu, May 8 2014, 10:29 AM
In late summer 2008 the Treasury
Department initially pledged $200 billion of financial help for F&F
in anticipation of future mortgage defaults, ...
Wed, May 7 2014, 10:45 AM
Radian
Group not only reported its net income for the quarter ended March 31,
2014, of $202.8 million (compared to a net loss for the quarter end...
Tue, May 6 2014, 10:06 AM
"Is there a credible source I could quote as to how mortgage
originations YTD for 2014 compare to 2013?" That's an easy one. Marina
Walsh, VP at t...
Mon, May 5 2014, 9:39 AM
How many days do we have to cure a GFE tolerance violation ? The Mortgage Bankers Association of the Carolinas wrote, "Regulation X provides: 'If
...
Fri, May 2 2014, 9:52 AM
There's
nothing wrong with early dinners! According to the U.S. Census Bureau, a
meeting with the National Council of Senior Citizens resulted in ...
Thu, May 1 2014, 10:35 AM
Happy
May Day! After good a good March and a decent April, mortgage banks are
left wondering what May will look like. Today I travel from Chicago ...
Wed, Apr 30 2014, 10:37 AM
Yes, I remember it well; it was 2005 and saying "Jumbo" or "Alt-A" without adding an IO at the end was unthinkable .
Borrowers would ask, "What hap...
Tue, Apr 29 2014, 9:59 AM
Let's face it: lenders who ignore compliance are doomed in the
long run. Here's a recent quick note provided by the Mortgage Bankers
Association...
Mon, Apr 28 2014, 10:04 AM
Another
trend that is winding down in the banking industry is the long period
of Fed Funds at or near 0%. Whether this happens in 2015 or 2016, ke...
Fri, Apr 25 2014, 10:23 AM
Bank of America might have to pony up yet another $13 billion to settle
more residential mortgage-backed security claims? No wonder the lending...
Thu, Apr 24 2014, 10:18 AM
It
is "bring your kid to work" day. Some kids are fascinated with how much
others make. They grow up to be underwriters . Others are fascinated
...
Wed, Apr 23 2014, 10:28 AM
The number of banks available to consumers is decreasing - but it
is not because of failures. In fact, there has not been a bank failure
in the ...
Tue, Apr 22 2014, 10:17 AM
Here's a good question: can
a lender who emails disclosures to loan applicants via an e-delivery
system, still remain compliant under RESPA and TI...
Mon, Apr 21 2014, 9:32 AM
The commentary on Saturday noted predictions for 2014, and how things were shaping up so far. Attorney Phil Stein observed, "Here is another issue to ...
Fri, Apr 18 2014, 9:52 AM
Tommy
LaSorda supposedly said, "I found out that it's not good to talk about
my troubles: 80% of the people who hear them don't care and the other...
Thu, Apr 17 2014, 9:50 AM
Home affordability is not a modern problem. In Zillow's In Search of Affordability , Krishna Rao writes, "Across
the United States, strong home p...
Wed, Apr 16 2014, 10:07 AM
People who study mortgage lending and trends continue to ruminate on the Wells Fargo and Chase numbers from Friday.
JPM's mortgage origination vol...
Tue, Apr 15 2014, 9:46 AM
Every once in a while a paper is written which touches on a
subject I feel is important; such is the case with the FDIC's release
of Community B...
Mon, Apr 14 2014, 9:03 AM
The Fed's comments on housing last week were interesting. "Housing activity
remained slow over the intermeeting period. Although unfavorable weath...
Fri, Apr 11 2014, 10:12 AM
As they say, "money talks and ---- ---- walks." I don't know who the "they" is in that sentence, but "regulators" are boosting the capital rule fo...
Thu, Apr 10 2014, 10:25 AM
The recent spate of agency news has been interesting to follow.
Arguably F&F should not stay under government conservatorship, but
what are the ...
Tue, Apr 8 2014, 9:41 AM
As
the industry watches the personnel turmoil at Utah's Castle & Cooke
Mortgage, here's an interesting promotional twist: a builder's real
estat...
Mon, Apr 7 2014, 10:46 AM
Remember HAMP?
What happens to a sizeable portion of HAMP borrowers after their loan
resets from, say 1% to the current market? They re-default, a...
Fri, Apr 4 2014, 11:29 AM
Pricing aside, let's take a look at something odd occurring on rate sheets everywhere.
I received this note: "Rob, the difference in my rate sheet...
Thu, Apr 3 2014, 9:22 AM
Jeff
O. writes, "When I saw the title 'Ellie Mae's outage' I thought that
perhaps it involved my beloved Beverly Hillbillies star. That would have...
Tue, Apr 1 2014, 9:59 AM
Fed
watchers over the last few years have had many things to study; on
their list of course has been the FOMC's asset purchase program, and
whil...
Mon, Mar 31 2014, 9:26 AM
There has been a lot of appraisal news in recent weeks, the most important perhaps being that six
government agencies issued a proposed rule that ...
Fri, Mar 28 2014, 9:13 AM
I
continue to receive questions about the CFPB's stance on kickbacks and
referrals . I usually tell the person to write to the CFPB directly, but...
Thu, Mar 27 2014, 9:50 AM
Bank of America bought Countrywide and Merrill Lynch in 2008 and 2009 respectively. How is that investment paying off? Well, it just cost BofA anoth...
Wed, Mar 26 2014, 11:15 AM
Whenever
I riffle through my neighbor's trash cans looking for paystubs and
trying to figure out how much money they make, the motion light comes ...
Tue, Mar 25 2014, 9:47 AM
Ellie Mae came out with its latest " Origination Insight Report ."
"The free monthly Report mines its data from a robust sampling of
closed loan a...
Mon, Mar 24 2014, 10:41 AM
Many folks attended the recently held IMN conference on residential mortgage servicing rights
(MSRs) in Manhattan. The primary focus of attendees ...
Fri, Mar 21 2014, 10:48 AM
It
is so sad that America ranks 25th in the world in math. But at least
we're still in the top 10. Speaking of math, the Census Bureau tells us
...
Thu, Mar 20 2014, 9:54 AM
It has been 5 years since Thornburg
Mortgage filed for Chapter 11. For folks not around then, Thornburg
Mortgage Inc. was an American corporatio...
Wed, Mar 19 2014, 9:53 AM
"Well
the midnight gang's assembled and picked a rendezvous for the night,
they'll meet 'neath that giant Exxon sign that brings this fair city
...
Tue, Mar 18 2014, 10:27 AM
What
is the MBA applications number going to tell us tomorrow? My bet, given
stories from lock desks around the nation, is that we'll see an
imp...
