Fri, Apr 15 2011, 9:35 AM
Two soap operas created more than
40 years ago, who taught us not to bother getting married since it's only going
to last until next season anyway, ...
Wed, Apr 13 2011, 10:33 AM
Let me add a clarification to
the Ops Manager job listing from yesterday . The company is merely shifting
responsibilities as they grow, and the ...
Tue, Apr 12 2011, 10:12 AM
I continue to receive input from
the origination "trenches. "'Safe Harbor' against the steering
provisions in the new LO Compensation regulation is ...
Mon, Apr 4 2011, 10:04 AM
The executive who became the first
Risk Manager of the Federal Housing Administration (FHA) will now, at least temporarily
head the agency.
Robe...
Tue, Mar 29 2011, 9:53 AM
How much house is too much house in Michigan? 50 cent is only half of a dollar.
Today the FDIC Board will vote on a credit risk-retention prop...
Thu, Mar 17 2011, 11:30 AM
Don't forget to wear a little
green today. Everyone here in Chicago knows that St. Patrick is best known for
introducing Christianity to Ireland in ...
Tue, Mar 15 2011, 12:53 PM
Mortgage News Daily has learned that John Courson, President and CEO
of the Mortgage Bankers Association, will announce his resignation later
toda...
Fri, Mar 11 2011, 11:10 AM
In a story that first broke on Mortgage
News Daily's MBSonMND live chat yesterday morning, Dave Stevens has
resigned from his position as FHA c...
Fri, Feb 25 2011, 11:07 AM
Both
applications for FHA-guaranteed mortgages and FHA endorsements were lower in
January than in the previous month or in January 2010. Lower dema...
Thu, Feb 24 2011, 10:47 AM
Whoever thought that loan servicing would be so exciting? If
you think that a servicer earning 25 basis points every year is earning
too much if ...
Tue, Feb 22 2011, 12:36 PM
Last week the FHA announced
it would increase annual mortgage insurance premiums by 0.25% to
"bolster capital reserves", effective for case nu...
Tue, Feb 15 2011, 11:17 AM
MERS is not allowed to transfer mortgages, and cannot act as an agent of the banks that own mortgages?
So ruled a judge in New York, who added that...
Tue, Feb 15 2011, 10:14 AM
U.S. Department of Housing and Urban Development (HUD) Secretary Shaun
Donovan has released HUD's 2012 Fiscal Year budget request.
The late...
Mon, Feb 14 2011, 3:00 PM
WASHINGTON – As part of ongoing efforts to strengthen the Federal Housing Administration’s (FHA) capital reserves, FHA
Commissioner David H. Stevens...
Fri, Feb 11 2011, 8:42 AM
The long-awaited report on the future of housing finance has been released by the Obama Administration.
Below is the presser....
I highlight...
Mon, Jan 31 2011, 9:38 AM
It is the last day of January already? Time flies. This year we have 4
unusual dates: 1/1/11, 1/11/11, 11/1/11 and 11/11/11. Is it a
coincidence t...
Fri, Jan 28 2011, 10:26 AM
We're on to Part IV of the LO compensation series, noting the Fed's
responses to the MBA's questions. Remember that company's individual
policies ...
Tue, Dec 21 2010, 10:06 AM
FHA Extends Direct Endorsement Deadline for Principal-Authorized Agents; Correspondent FHA Originators Get Deadline Waiver
Mon, Dec 13 2010, 11:45 AM
GSE Layoffs Loom as Fannie and Freddie Prepare for Reform; Ginnie & MISMO; FHA Short Refi Program Conference Call; Lots of Lender Updates
Thu, Dec 9 2010, 11:06 AM
FHA Condo Project Approvals Extended; Discriminatory Lender Overlays; State Level Stimulus Needed; Qualified Loan Tests
Tue, Dec 7 2010, 2:27 PM
The Mortgage Banks Association has formalized its objections to proposed new regulations forlenders in a letter sent to FHA Commissioner David Stevens...
Fri, Dec 3 2010, 10:57 AM
Final regs for appraisals; FHA loan limits; servicing transactions in the news; input on Freddie pricing & all-cash deals; rate locks from yesterday a...
Wed, Nov 24 2010, 12:15 PM
Lender "Skin in the Game"; More on Freddie's Fee Increase; New Mortgagee Letters; Sponsored FHA Originators; Investor Bulletins
Wed, Nov 10 2010, 3:36 PM
FHA Commissioner David Stevens today released another letter to the industry. This communication focused on two topics. A new FHA loan product aimed a...
Thu, Oct 28 2010, 9:48 AM
Spike in FHA to FHA Refinances; Deutsche Bank on Home Prices; Compensation Conference Call; Wells Finds Flaws in Foreclosures
Wed, Oct 27 2010, 11:07 AM
Ginnie Mae Net Worth & Liquidity Standards; QEII Chatter; FHA Condo Recertifications; Home Owner Loan Corp.
Tue, Oct 26 2010, 10:22 AM
What is Quantitative Easing? Investor Raises FHA Minimum FICO to 640; New Mortgagee Letter
Fri, Oct 22 2010, 9:50 AM
These include a new product option for FHA’s Home Equity Conversion Mortgage (HECM), changes to our Mortgage Insurance Premiums (MIPs), and new credit...
Wed, Oct 20 2010, 10:19 AM
Freddie Mac's Rate Survey; FRBNY Suing BofA; Loan Buybacks; NMLS & Credit Reports; FHA Training; Wells Fargo Earnings
Wed, Oct 13 2010, 12:16 PM
The FHA has requested comment on regulatory changes that will strengthen its ability to force lenders to indemnify or reimburse the FHA for claims ag...
Wed, Oct 6 2010, 10:13 AM
While new upfront MIP requirements lower the cost for borrowers at the closing table, the plain and simple truth is the increase in the annual premium...
Tue, Oct 5 2010, 9:27 AM
Feedback: Loan Closing Delayed on Foreclosed Property Purchase; More on Retained Servicing vs. Released; TPO FHA Production
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!
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
Thu, Sep 30 2010, 2:50 PM
H.R. 3081: Making Continuing Appropriations for Fiscal Year 2011, and For Other Purposes, passed the House of Representatives this morning. Buried in ...
Mon, Sep 20 2010, 2:21 PM
The Mortgage Bankers Association has issued recommendations for improving the operation of both FHA and Ginnie Mae. Their suggestions focus on progra...
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
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;
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
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
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
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?
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
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 ...
Wed, Aug 25 2010, 10:02 AM
HAMP Fallout Quadruples; FHA Condo Recertification Requirements; Rapid Refinance as Means to Distribute Money Around the Economy;
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
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...
Thu, Aug 12 2010, 12:02 PM
Buybacks Plague Industry from Top to Bottom: FHA Webinar Today; NMLS Deadlines Loom; Update on Non-Agency Secondary Market
Wed, Aug 11 2010, 12:40 PM
FHA premium date change; too much industry news to list - much of it good; does buying bonds really help the economy?
Mon, Aug 9 2010, 10:19 AM
Reams of FHA updates; Fannie & Genworth; new correspondent investor; news from Wells, USB, SWS, Texas & SAFE Act