Tue, Mar 22 2016, 10:05 AM
A major conversation topic is how lenders must adhere to a new certification when making a Federal Housing Administration-backed mortgage. The FHA u...
Thu, Mar 17 2016, 10:40 AM
The FHA has released new loan-level and annual lender-level certifications which it said it expects will provide better clarity to lenders about FHA...
Wed, Feb 17 2016, 11:02 AM
To put some perspective on things, a trillion seconds is roughly 31,710 years. The Fed indicates that household housing debt is about $8.8 trillion ...
Fri, Feb 12 2016, 11:37 AM
In a hearing on Thursday before the House
Financial Services Committee, Edward L. Golding,
Principal Deputy Assistant Secretary of the Department of...
Mon, Feb 1 2016, 8:34 AM
February
already? Ah, Valentine's Day - remember as a kid when your classmates
would hand out a 5 word card to every classmate and you received 20...
Tue, Jan 5 2016, 11:03 AM
For
anyone who likes numbers, the U.S. Census Bureau projected the United
States population was 322,762,018 on Jan. 1. This is an increase of
2,...
Thu, Dec 10 2015, 10:55 AM
Someone
is always upset when they are left off of some list, but Owners.com, a
national brokerage, has published the top 25 metro areas by home pr...
Mon, Dec 7 2015, 10:53 AM
The government sponsored enterprises'' (GSE's)
introduction of 97 percent loan-to-value (LTV) mortgages, implemented by Fannie
Mae' in late 2014 and...
Tue, Nov 17 2015, 10:10 AM
I
do a little traveling (this week, hopefully, is California, Colorado,
and Kansas) so it was interesting to see that Pro Teck Valuation
Service...
Mon, Nov 16 2015, 3:48 PM
FHA's Mutual Mortgage Insurance Fund (MMIF) is back in the
money . Housing and Urban Development
Secretary Julian Castro told Congress today that ...
Tue, Nov 3 2015, 10:46 AM
Are
we heading for a "Pearl Harbor" type event in the internet? Possibly,
and cyber security is certainly becoming critical . And it just isn't
...
Fri, Oct 23 2015, 10:44 AM
There are reasons why FHA production has skyrocketed in the last year, and why that product was the talk of the MBA conference. It
seems that fina...
Mon, Sep 28 2015, 9:27 AM
For something relevant to real estate agents, LOs, and travelers, the U.S. Census Bureau has updated its World Population Clock
to include country...
Mon, Sep 21 2015, 10:01 AM
We've
only just begun... Excellus BlueCross BlueShield reports cyber attackers
have hacked its systems and that 10 million people have been affec...
Fri, Sep 18 2015, 10:58 AM
"Recent
global economic and financial developments may restrain economic
activity somewhat and are likely to put further downward pressure on
in...
Wed, Sep 9 2015, 4:59 PM
The changes to FHA loan qualification
criteria, originally scheduled for implementation in June, will instead
be implemented on the 15 th of this...
Thu, Sep 3 2015, 11:39 AM
“Papa
was a rolling stone. And all he left us was a loan, loan, loan..."
Liberties with the Temptations lyrics aside, it has been 43 years ago
t...
Fri, Aug 28 2015, 12:14 PM
I, being a capital markets guy, was very interested in the MBA sending a comment letter
to the Basel Committee on its proposal, " Interest Rate Ri...
Wed, Aug 26 2015, 9:01 AM
There was virtually no
movement last week in the various indices measuring mortgage application
volume. The Mortgage Bankers Association's
(MBA's)...
Tue, Aug 25 2015, 2:52 PM
There is nothing like some bond market volatility to drive up hedge costs and push down secondary marketing results, right?
Capital markets depart...
Tue, Aug 18 2015, 10:34 AM
Under
the "fun with numbers" category, several readers wrote in yesterday
regarding the CFPB's semi-annual numbers: "The report noted that during ...
Tue, Jul 21 2015, 10:30 AM
"Rob, I find it very interesting that the FHFA reported that the Agencies have selected smaller and less financially stable companies to receive lower...
Thu, Jul 16 2015, 9:53 AM
Earnest Hemingway was born in the comfortable Midwestern suburb of Oak Park, Illinois, a place he described as full of, "wide lawns and narrow minds."...
Tue, Jul 7 2015, 12:23 PM
Are you in debt? You're not alone - and check out this United States debt clock - enough to make your stomach turn over.
Back in February the Col...
Fri, Jun 19 2015, 11:09 AM
The Federal Housing Administration
(FHA) has introduced its initial steps toward a new Single Family Loan Quality
Assessment Methodology or what i...
Mon, Jun 15 2015, 10:11 AM
The Federal Housing Administration
(FHA) has revised its policy for so-called reverse mortgages, expanding options
for surviving spouses to remain...
Tue, May 19 2015, 11:41 AM
There
are 1,700 capital markets folks wandering around Manhattan, and one of
the topics is that one week Janet Yellen and other Fed officials are ...
Fri, Apr 24 2015, 12:27 PM
Lenders appear at least moderately encouraged by new efforts
on the part of Fannie Mae and FHA to lower the costs and increase the
availability of...
Mon, Apr 6 2015, 10:19 AM
Late last week someone asked me about HUD's Equal Access Rule .
A month or so ago Bankers Advisory released a notice regarding HUD's
update to eq...
Tue, Mar 10 2015, 10:17 AM
The
mortgage industry continues to deal with unintended consequences of
over-regulation, including higher prices for borrowers. The barrel
indus...
Thu, Feb 26 2015, 12:43 PM
The Federal Housing Administration (FHA) saw its share of
the mortgage market soar to 72 percent of all mortgages issued in 2008 as other
lenders pu...
Wed, Feb 18 2015, 9:42 AM
Mortgage application
volume fell across the board for the second straight time during the week ended
February 13, 2015. The Mortgage Bankers
Assoc...
Wed, Feb 11 2015, 6:03 PM
Julian Castro told the House Financial Services Committee on Wednesday
that the Federal Housing Administrations (FHA) historically high premiums limi...
Wed, Feb 4 2015, 8:59 AM
Mortgage activity showed no signs of settling down from its rather wild
and wooly behavio r since the first of the year. Data from the Mortgage Ban...
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...
Mon, Jan 26 2015, 11:55 AM
Normal
0
false
false
false
EN-US
X-NONE
X-NONE
...
Mon, Jan 26 2015, 10:42 AM
One never knows what will cause mass hysteria . Maybe the storm hitting the Northeast? I doubt Ocwen's troubles
will cause it, but the industry h...
Tue, Jan 13 2015, 3:19 PM
Last week,
President Obama and HUD announced a reduction in the mortgage insurance premium
(MIP) fees charged on FHA loans. Most FHA borrowe...
Mon, Jan 12 2015, 11:02 AM
The Federal Housing Administration (FHA) has
issued a critical update related to last week's announcement of FHA
premium changes. The update contai...
Mon, Jan 12 2015, 10:28 AM
Not
everyone is wild about the FHFA (which oversees Freddie & Fannie)
joining the Federal Home Loan Bank System. Last week the MBA submitted
its...
Fri, Jan 9 2015, 12:21 PM
Details and clarifications are now available
for lenders and borrowers regarding President Obama's Thursday announcement of
reduced FHA mortgage ins...
Thu, Jan 8 2015, 10:22 AM
Congrats
to Allan Landon, the former CEO of Bank of Hawaii Corp. President
Barack Obama plans to nominate him to be a Federal Reserve governor
a...
Wed, Jan 7 2015, 10:06 AM
In mid-November the Federal Housing Administration (FHA)
announced that its Mutual Mortgage Insurance Fund (MMI) had returned to
solvency . The fu...
Fri, Jan 2 2015, 10:27 AM
The U.S. Census Bureau projected the United States population to be 320.1 million as of yesterday.
(And no, not all of them contribute to NAR.) Th...
Wed, Dec 24 2014, 10:27 AM
As
you may have guessed, there is no logical correlation between whether
there is snow in Boston on Christmas and the performance of the stock
m...
Thu, Dec 11 2014, 10:58 AM
"Karma
means that I can rest easy at night knowing that all the people I
treated badly had it coming." But there is also good karma, and the MBA
...
Mon, Dec 8 2014, 10:57 AM
Folks
who have all their retirement money tied up in Ocwen shares hope that
they don't go the way of Lehman Brothers, PNC, Countrywide, WAMU, and ...
Wed, Nov 26 2014, 9:38 AM
With
Thanksgiving around the corner, here's some conversation fodder.
Thanksgiving became a national holiday 151 years ago when President
Lincol...
Mon, Nov 24 2014, 10:34 AM
If you're looking for next investment property, the nearest "college town" may serve you well. According to research from Clear Capital ,
out of ...
Tue, Nov 18 2014, 10:42 AM
Recently the commentary noted, "Maybe we should start at the grade school level and teach kids about money .
How to make a budget, manage debt, sav...
