Wed, Dec 12 2012, 9:25 AM
Based on complaints from the Consumer
Financial Protection Bureau ( CFPB ) a California court has shut down the
operations of two alleged loan modif...
Fri, Dec 7 2012, 9:04 AM
The
focus was on fair lending this week as the Consumer Financial Protection Bureau
( CFPB ) submitted a report to Congress on its maiden year wor...
Wed, Dec 5 2012, 12:41 PM
Here's a recent inquiry: "Rob, what is up with government going
after Gfee money ? Why does Congress have to vote to intrude into areas where it
...
Thu, Nov 29 2012, 10:19 AM
Better to be approximately right than precisely wrong. And a lot of
neighborhoods are trying new things in real estate - thanks to Tony B. for this.
...
Tue, Nov 27 2012, 9:39 AM
Let's see the local appraiser tackle this one .
Here's one case that the mortgage industry, is watching: UBS is striving to
block a lawsuit by...
Mon, Nov 26 2012, 10:26 AM
Even if you had to have the borrower come back to resign a document, or
you had to eat a one day extension, or locked a loan under the wrong program,...
Wed, Nov 21 2012, 11:43 AM
While you're dining on turkey and watching football tomorrow (maybe not
in that order) remember this touching story .
Folks continue to wonder ab...
Mon, Nov 19 2012, 10:41 AM
"Be good to your neighbor - they know where you live!" The Pilgrims did
not have many neighbors, but in the in the fall of 1621 they held a three-day...
Thu, Nov 1 2012, 1:42 PM
Two federal agencies announced
on Thursday that they are working together to create the first comprehensive
repository of detailed mortgage loan in...
Wed, Oct 31 2012, 10:58 AM
The Consumer Financial Protection Bureau
(CFPB) reposted one of its earliest blog postings today to help the victims of
Hurricane Sandy avoid the ...
Fri, Oct 19 2012, 10:14 AM
Occasionally I am asked about a graphic presentation on foreclosures in
the United States, and how they've impacted different areas. Here you go .
...
Wed, Oct 17 2012, 10:03 AM
"Rob, in the old days, I'd go to conferences and secondary marketing
people would compare their status by comparing guarantee and guarantor fees.
Th...
Tue, Oct 16 2012, 9:12 AM
A late-breaking WSJ story tonight covered a potential compromise on a government proposal to legislate loan approval guidelines, and it requires some ...
Wed, Oct 10 2012, 3:57 PM
The
Mortgage Bankers Association ( MBA ) has submitted comments to the Consumer
Financial Protection Bureau ( CFPB ) regarding the CFPBs August 10...
Mon, Oct 1 2012, 9:43 AM
This one from an AE in a "red state": Q: Do you know what the
difference is between conservatives and progressives? A: About $16
trillion! Trillion...
Mon, Sep 10 2012, 10:03 AM
One of Coke's slogans several years ago was, "Always
Coca-Cola." Unfortunately for SunTrust, who invested in the company almost
a hundred years ago,...
Fri, Aug 17 2012, 11:53 AM
Yes, the mortgage volume pie is shrinking , but rest assured that the
pieces are growing larger for the remaining originators.
Psssst! Want a coo...
Fri, Aug 17 2012, 7:02 PM
New regulations were introduced today by
the Consumer Financial Protection Bureau
( CFPB ) intended to bring greater accountability to the mortgag...
Thu, Aug 16 2012, 10:55 AM
Who doesn't like to have a little exercise when they travel? But this
might make some nervous .
This morning we had the weekly Initial Jobless ...
Wed, Aug 15 2012, 10:56 AM
Yesterday afternoon, per the Census Bureau, the U.S. population reached a
milestone that is very meaningful to mathematicians: 314,159,265 residents,...
Mon, Aug 13 2012, 5:28 PM
Both Fitch Ratings and the Mortgage
Bankers Association have reacted to the Consumer Financial Protection Bureau's (CFPB)
proposed rules for mortga...
Fri, Aug 10 2012, 10:46 AM
"Wanna tell you a story, about the house-man blues.
I come home one Friday, had to tell the landlady I'd-a lost my job.
She said that don't confro...
Fri, Aug 10 2012, 10:19 AM
The
Consumer Financial Protection Bureau (CFPB) is requesting comments on two sets
of proposed rules governing the operation of mortgage servicers ...
Mon, Aug 6 2012, 9:43 AM
Fortunately, on this 67th anniversary of the world's first atomic bomb
attack on Hiroshima, there is little going on with rates (the 10-yr is
basica...
Wed, Aug 1 2012, 9:30 AM
Ever wonder why it takes the government
so many words to say...maybe not so much?
So did a visitor to the Consumer
Financial Protection Bureau'...
Tue, Jul 31 2012, 10:24 AM
In mortgage banking, just like gymnastics, you have to get up after you
fall down .
Totaling through May, California (133,000), Florida (92,000...
Mon, Jul 30 2012, 10:17 AM
"Rob, with the Wells news earlier this month, and FAMC's comp change
last week, I am hearing rumors of all kinds of price and investor changes .
On...
Wed, Jul 25 2012, 10:09 AM
"Rob, I've read that wholesale lending accounted for only 5% of
Wells Fargo's volumes. Only 5%? What are you hearing about its remaining
business an...
Tue, Jul 24 2012, 9:49 AM
"Rob,
when do you think that the CFPB will go after us Realtors?" I am not
convinced that it will, although there are plenty of arguments why it mi...
Sat, Jul 21 2012, 10:07 AM
Happy 1 st birthday to the CFPB - it opened for business on
July 21, 2011.
Perhaps coincidentally, perhaps not, the CFPB issued the first
enfor...
Tue, Jul 10 2012, 5:49 PM
I received a note yesterday from the CEO of a mid-sized lender.
"Rob, I have begun thinking that the
CFPB is the best thing that ever happened to m...
Mon, Jul 9 2012, 10:50 AM
Welcome back to work! I'll skip the story that the press seems excited
about (a Massachusetts man paying his mortgage off in pennies), and the news
...
Mon, Jul 9 2012, 3:30 PM
The Consumer Financial Protection Bureau
( CFPB ) is rolling out two new mortgage disclosure forms for review and comment. The forms, one a loan e...
Thu, Jun 28 2012, 9:19 AM
Remember that scene in Apollo 13 when it dawns on the astronauts that
NASA doesn't know how to get them back? Regarding our economy, one can imagine
...
Tue, Jun 19 2012, 10:29 AM
Do we really need Congress writing or approving the industry's disclosure
forms? Can't it pick on the rental car agreement forms that no one reads,...
Tue, Jun 19 2012, 9:18 AM
The Consumer Finance Protection Bureau ( CFPB )
rolled out another new consumer tool this morning, an on-line complaint
database . The database,...
Fri, Jun 15 2012, 10:01 AM
On June 15, 1752, Benjamin Franklin performed his famous kite experiment,
proving that lightning is a form of electricity. Something that seems to be...
Wed, Jun 13 2012, 12:32 PM
Industry experts believe that one of the several reasons Countrywide fell
was because of their quest for market share for its own sake, rather than h...
Wed, May 30 2012, 11:09 AM
Hey, not
every prediction about the future is right, right? In my visits around the
nation to different companies and mortgage banking groups, I con...
Sat, May 19 2012, 12:56 PM
London
plans to use a painfully "High-Pitched Sound Generator" to disperse large
crowds at the Olympics. Observers note that it will be Cindy Lauper...
Thu, May 17 2012, 10:40 AM
Accenture Credit Services announced that, "Low
interest rates, less competition, more regulation and tighter credit standards
have pushed the time ...
Fri, May 11 2012, 1:35 PM
Occasionally
I remind folks that rates are low . They know that, but to remind them even
further, I tell them that if Mr. & Mrs. Smith spend their ...
Thu, May 10 2012, 4:55 PM
You may
not have known that May is Asian/Pacific
American Heritage Month, which started as a Heritage Week in 1978, but got
promoted to a month in ...
Fri, May 4 2012, 10:30 AM
Tomorrow
is Cinco de Mayo, hence the real-life, true, yes, really true, well kind of
true tale at the end of the commentary . Anyway, tomorrow cele...
Thu, May 3 2012, 11:20 AM
What is
33.9%? According to Inside Mortgage Finance it's Wells Fargo's market share
of the mortgage business for the 1st quarter, the most ever fo...
Fri, Apr 20 2012, 10:32 AM
Do you
live in a small town? Many in the real estate and mortgage business do live in
rural communities (FNC, for example, with the slogan "Know You...
Tue, Apr 17 2012, 11:02 AM
Remember
QRM? Not only is it not on the front
burner, but it may have been put back in the Tupperware container. QM , however, is very much alive...
Wed, Apr 11 2012, 10:29 AM
I woke up
yesterday morning wondering how I could convince the government to reduce my
principal. What about all those unfortunate folks who don't h...
Tue, Apr 10 2012, 10:51 AM
The Consumer Financial Protection Bureau ( CFPB ) has released an outline of possible rules for servicing companies which are designed to protect mort...
Tue, Apr 10 2012, 10:46 AM
Here is an
interesting question to ask your boss: "If a project is running behind
schedule, should the boss add personnel to it in hopes of speeding...
