Wed, Sep 23 2015, 10:54 AM
The Consumer Financial
Protection Bureau (CFPB) said this week that debt collection generated the most
complaints about financial products or serv...
Mon, Aug 31 2015, 9:20 AM
Darned
if I know how we're at the end of August already, with kids are heading
back to school and the NFL all over sports programs. One thing that...
Fri, Aug 21 2015, 10:58 AM
The eyes of Texas are upon the Consumer Financial Protection
Bureau - and not in a kindly way. Two
different actions out of Texas are challenging ...
Mon, Aug 17 2015, 9:58 AM
Thank you to Mark Baker with Cardinal Financial sent over a story about dear people who live in fancy tiny houses . An appraiser's nightmare or a Mil...
Fri, Aug 14 2015, 10:19 AM
The
fact that outstanding auto loans have passed the $1 trillion mark is
garnering headlines, as well as Ohio's vote on legalizing marijuana and...
Fri, Aug 7 2015, 3:21 PM
Over a year ago consumers pointed out, in a report from the
Consumer Financial Protection Bureau (CFPB) the "pain points" they encountered in
the mo...
Wed, Aug 5 2015, 4:50 PM
Saying that consumers should not be billed unnecessarily for
private mortgage insurance (PMI) the Consumer Financial Protection Bureau has
issued ...
Mon, Aug 3 2015, 10:17 AM
A
big topic at last week's MBA Hawaii annual conference was change in
the industry. As if residential lending doesn't have enough changes all
th...
Fri, Jul 31 2015, 10:20 AM
A
rare blue moon (two full moons appearing in the same calendar month)
will be visible in the sky today for the first time in three years. We
wo...
Fri, Jul 31 2015, 1:06 PM
A Texas
mortgage servicer has run badly afoul of the Consumer Financial Protection
Bureau (CFPB) for repeated violations of servicing rules . Resi...
Thu, Jul 30 2015, 10:09 AM
Fun with government numbers: approximately
52.2 million people in the U.S. participated in major means-tested
government assistance programs eac...
Tue, Jul 28 2015, 10:29 AM
Federal
agencies have issued the final standards in regards to Section 342 of
the Dodd-Frank Wall Street Reform and Consumer Protection Act of 201...
Wed, Jul 15 2015, 10:16 AM
Yes, IT systems have sailed through things like Y2K (remember that?) and the leap second on June 30 th . But there are bigger challenges. The Federal ...
Mon, Jun 29 2015, 11:19 AM
I
doubt the average U.S. household is sitting around worrying about
interest rates. It's probably more like earthquake preparedness than
anythin...
Mon, Jun 8 2015, 10:25 AM
According
to the U.S. Census Bureau, 21.3 percent of the American population
(52.2 million people) participated in government assistance programs ...
Fri, Jun 5 2015, 10:28 AM
Huh? National Donut Day? Most donut shops have a few employees, but in 2013 our Census Bureau tells us there were 23 million businesses without paid ...
Fri, Jun 5 2015, 7:42 PM
For the second time this week the
Consumer Financial Protection Bureau (CFPB) has filed in federal court against
a lender for unfair compensation p...
Thu, Jun 4 2015, 5:08 PM
Older Americans are being warned that ads
touting reverse mortgages "that seem too good to be true" might be just that. Rather slyly using a tag lin...
Thu, Jun 4 2015, 2:37 PM
Enforcement of compliance with the new RESPA/TILA disclosure
forms has been postponed . As appeared
inevitable after almost unanimous testimony ...
Wed, Jun 3 2015, 2:54 PM
I am here in Denver and had the opportunity this morning to hear MBA
President Dave Stevens, under the direction of CFPB Director Richard
Cordray,...
Mon, Jun 1 2015, 10:14 AM
When I grow up I want to be wealthy. And thanks to this list of the wealthiest zip codes in America ,
I know just where to move. (Interesting to co...
Fri, May 29 2015, 1:57 PM
A Florida law firm and its several affiliates which had
already been shuttered by the State of Florida and the Consumer Financial
Protection Bureau ...
Thu, May 21 2015, 10:41 AM
Hundreds
of capital markets folks have returned, bleary-eyed, to their roosts
around the country. Unfortunately, as Cantor Fitzgerald's Dave Gottf...
Fri, May 15 2015, 10:43 AM
The NMLS has commenced a study on the role of a MLO -
besides being at the receiving end of jokes about AARP in the
workplace. All kidding aside,...
Thu, May 7 2015, 10:59 AM
For aging LOs and real estate agents, a report by Genworth Financial
finds the median bill for 1 year in a nursing home is now $91,250 vs.
$87...
Tue, May 5 2015, 10:38 AM
I
grew up with a lock on my locker in school. Every once in a while
someone would have their combination stolen and locker broken into. Or
at le...
Thu, Apr 30 2015, 10:43 AM
I
travel around a fair amount, spending time with lenders, Realtors, and
TSA personnel. A major concern among the first two groups is whether or
...
Wed, Apr 29 2015, 10:39 AM
First
off, let me apologize for having the incorrect site in yesterday's
commentary regarding the funny history of the term "escrow" - this is th...
Wed, Apr 15 2015, 10:32 AM
Yesterday
we had plenty of CFPB updates , and let's continue with those. Remember
that even though although your bank or mortgage operation is th...
Tue, Apr 14 2015, 11:26 AM
As a reminder, many in the industry know that as of April 1 new rates kicked in under the National Flood Insurance Program . Policy premiums increas...
Fri, Apr 10 2015, 4:59 PM
This story can be adequately summed up with the internet meme: ' facepalm .'
Yet another ethically challenged lender is going to pay for implying a ...
Thu, Apr 2 2015, 12:58 PM
Even as some in the industry apparently hope for a reprieve
from implementing new mortgage disclosure forms the Consumer Financial
Protection Bure...
Mon, Mar 23 2015, 11:02 AM
Today
I head off to Austin, Texas for four days of MBA STRATMOR Peer Group
Program meetings - a great opportunity to sit in a room with the MBA,
...
Wed, Mar 4 2015, 9:45 AM
Nothing
ruins your Friday like realizing it is only Wednesday! I lose track of
what we're celebrating this month: I was all geared up for the Iris...
Thu, Feb 19 2015, 10:50 AM
Quicken
Loans recently released its monthly Home Price Perception Index (HPPI)
and Home Value Index (HVI). According to the HPPI, appraiser's ho...
Fri, Feb 13 2015, 10:58 AM
Friday the 13 th comes three times this year, and this is one of them.
I
can think of three more companies that won't be sending chocolate to
...
Fri, Feb 13 2015, 4:38 PM
Three mortgage lenders are facing civil action for false and misleading
advertising. The three were identified
in a joint Consumer Financial Prote...
Wed, Feb 11 2015, 10:27 AM
There
are plenty of states with plenty of mountains. In fact, while many say
it is "as flat as a pancake" in Kansas, you might be interested to kn...
Tue, Feb 10 2015, 3:36 PM
In a paper on the issue, the Consumer
Financial Protection Bureau (CFPB) says that "Many older consumers and their
families are confused and frustr...
Mon, Feb 2 2015, 10:18 AM
The economy is filled with surprises , and people warning us about them
- and us not listening. Every time we fill up our gas tanks we are
remi...
Fri, Jan 30 2015, 3:27 PM
As it said it would, the Consumer Financial Protection
Bureau (CFPB) has taken steps to assist small lenders , particularly those in
rural areas, c...
Wed, Jan 28 2015, 9:57 AM
Don't
forget that last Friday Ocwen Financial reached a settlement with a
California regulator that will allow it to continue operating in the
...
Tue, Jan 27 2015, 10:29 AM
I
see a fair amount of state-level news, and it seems to be the season
for lenders to meet with legislators. What items are on the agendas? As
a...
Fri, Jan 23 2015, 10:48 AM
I
am in Portland, Oregon today, but I flew, of course, commercial. In
things to note, in Davos, Switzerland, where the famous finance folks
are,...
Wed, Jan 21 2015, 10:34 AM
A new JPMorgan Chase report indicates that summer jobs for young adults have significantly declined .
Less than half of young people (46%) who appl...
Wed, Jan 14 2015, 10:23 AM
After
being in Colorado earlier this week and preparing for a trip to Florida
Friday, I must admit that to save time most of today's commentary ha...
Tue, Jan 13 2015, 12:58 PM
According to a study conducted by the CFPB, nearly half of all consumers do not shop around before purchasing a
mortgage. "This means," Richard Co...
Fri, Jan 9 2015, 10:34 AM
I
guess it is a "new" economy? Coca-Cola has announced plans to lay off
about 1,800 employees globally, in an effort to cut costs by roughly US
...
Wed, Dec 10 2014, 10:32 AM
Winston
Churchill said, "There are a terrible lot of lies going around the
world, and the worst of it is half of them are true." Figures don't lie...
Fri, Nov 21 2014, 1:45 PM
The Consumer Financial Protection Bureau (CFPB) has proposed
some new measures affecting the way servicers handle mortgages in various
stages of def...
