Mon, May 14 2018, 9:10 AM
“Forward” lenders can’t ignore that 10,000 people a day in the U.S. turn 62. Of course, not every one owns a home, or has appreciation – but many do. ...
Fri, May 11 2018, 9:12 AM
HMDA data tells us that California accounted for 21% of residential loan volume in 2017, and 23% in ’16. It’s a big market. Thus, the industry is foll...
Thu, May 10 2018, 9:16 AM
Amazon, Google , Apple, Uber (largest food delivery system in the world) taking over the world? Perhaps, especially if we’re willing to give it to the...
Wed, May 9 2018, 9:11 AM
Psst… want a snapshot file that contains the national HMDA datasets as of April 18th, 2018 for all HMDA reporters, as modified by the Bureau to protec...
Tue, May 8 2018, 9:09 AM
Air travel is an interesting thing, and very safe by most metrics. Did you know that there are between 440,000 and 660,000 people in the air over the ...
Mon, May 7 2018, 9:13 AM
Nearly every residential lender is selectively scaling back, or rumored to be scaling back, for a multitude of reasons. Suddenly a company cutting a L...
Thu, May 3 2018, 9:10 AM
Moody’s addresses what every LO knows – the next area of “opportunity” in the mortgage market: next area of “opportunity” in the mortgage market : cas...
Wed, May 2 2018, 9:15 AM
Greetings from the American Mortgage Conference in Pinehurst, NC! Fun with numbers: A penny is about 1/16 of an inch, or 192 per foot. A mile is 5,280...
Tue, May 1 2018, 9:16 AM
May Day – how are we 1/3 of the way through 2018 already?! Folks are gearing up for this month’s MBA National Secondary conference in Manhattan. (Jung...
Mon, Apr 30 2018, 9:11 AM
Demographics will tell you that it makes more sense organizing populations by how they live – rather than where they live – is a much more precise way...
Fri, Apr 27 2018, 9:15 AM
Huh? Nearly half of borrowers don’t rate shop? Freddie Mac tells us that this is indeed the case (although every LO and broker I know would disagree)....
Thu, Apr 26 2018, 9:13 AM
I'm a capital markets guy, so, by some people’s definition, don’t know much about numbers. But I know that .250 (a quarter point) on a $100,000 loan i...
Wed, Apr 25 2018, 9:22 AM
Amazon Web Services, the conglomerate’s cloud computing division, has announced AWS Blockchain Templates, which will compete with similar offerings fr...
Tue, Apr 24 2018, 9:12 AM
Where should a lender reduce expenses? I received this note from STRATMOR’s Jeff Babcock. “In our numerous conversations with client mortgage originat...
Mon, Apr 23 2018, 9:12 AM
“A billion here, a billion there, pretty soon, you’re talking real money,” was never actually uttered by Illinois politician Everett Dirksen. ("Oh, I ...
Fri, Apr 20 2018, 9:18 AM
Did you know that Wells Fargo gives more assistance and aid to people and communities through its Foundation than any other company in the United Stat...
Thu, Apr 19 2018, 9:11 AM
Rumors continue to swirl about practically every lender out there, and exaggeration is rampant. A company eliminates low producing LOs in Arizona and ...
Wed, Apr 18 2018, 9:15 AM
The MBA tells us that both volume and profits were down in 2017. “ Independent mortgage banks and mortgage subsidiaries of chartered banks made an ave...
Tue, Apr 17 2018, 9:10 AM
One of the things that impact servicing values is foreclosure laws, and rates, in certain states. Foreclosures have dropped, thankfully the number of ...
Mon, Apr 16 2018, 9:14 AM
There is always something new in the legal arena, right? Below is news that JPMorgan Chase is pursuing remedies. Is it “legal” for Zillow to compete w...
Fri, Apr 13 2018, 9:16 AM
“Rob, are you hearing of companies where branches are being picked off due to new budgetary constraints, and where new recruiting has become problemat...
Thu, Apr 12 2018, 9:11 AM
This commentary posts plenty of job opportunities. I have a site – www.LenderNews.com – where folks can post resumes for free (under “services) and co...
Wed, Apr 11 2018, 9:06 AM
Here’s some trivia for Happy Hour tonight. Who is Irene Triplett? Triplett is the sole surviving person sole surviving person to be receiving a Civil ...
Tue, Apr 10 2018, 9:08 AM
Plenty of folks are moving to Florida, where I am today for a VA Conference. Do property taxes matter? Sure they do. Enough to move to an entirely dif...
Mon, Apr 9 2018, 9:14 AM
What’s the retail residential competition up to? Eave (not to be confused with Eaze !) launched a new software that automates mortgage applications an...
Fri, Apr 6 2018, 9:18 AM
What happens when you combine an already tight housing market, marijuana, a Chinese crime syndicate, and the U.S. government? The answer is not a movi...
Thu, Apr 5 2018, 9:13 AM
My father was in the U.S. Navy for 20 years (1942-1962) and his first home loan in 1967 was a VA 30-year fixed rate mortgage. That was obviously pre-i...
Wed, Apr 4 2018, 9:14 AM
As residential origination volumes and margins contract, plenty of lenders are looking at construction, non-QM, bond, government, ARM, SBA, and USDA l...
Tue, Apr 3 2018, 9:13 AM
If anyone ever asks you, the average parking space is 180 square feet, which works out to 242 parking spaces per acre. Reuters reports that, due to Vo...
Mon, Apr 2 2018, 9:15 AM
This year the usual Tax Day (April 15) falls on a Sunday, and the next day is Emancipation Day, a legal holiday in D.C. That means you have until midn...
Thu, Mar 29 2018, 9:13 AM
In the time I spend with loan officers (and I am fortunate to meet some top-notch producers), I hear plenty of stories about walking a real estate age...
Wed, Mar 28 2018, 9:13 AM
Supply and demand drive markets and prices, including luxury items and especially housing. What do you give the person who has everything? How about a...
Tue, Mar 27 2018, 9:20 AM
Studies indicate 1.2 billion people worldwide do not have proper shelter. A startup in Austin, Texas decided it would work to change that. Using a hea...
Mon, Mar 26 2018, 9:04 AM
Interesting economic times, the latest example being gunmaker Remington filing for bankruptcy. Lenders wish things weren’t so interesting: Independent...
Fri, Mar 23 2018, 9:14 AM
The Census Bureau defines millennials as those born between 1982 and 2000, which means this year their age ranges from 18 to 36. Many will argue that ...
Thu, Mar 22 2018, 9:13 AM
“Skin in the game” is a key component for lower delinquency and foreclosure rates, as borrowers have come up with required down payments. Mortgage inv...
Wed, Mar 21 2018, 9:15 AM
Ever wanted to read a story, or recommend it to those who might find it interesting, titled, “Blockchain-Based Residential Real Estate Network Democra...
Tue, Mar 20 2018, 9:12 AM
The first day of Spring! Converting empty warehouses, grain elevators, under-utilized shopping malls, or Toys-R-Us stores to new housing? Perhaps. The...
Mon, Mar 19 2018, 9:08 AM
For me the last seven days included California, Texas, Nevada, and Illinois. What am I seeing? Some companies are doing well. Others aren’t, and unfor...
Fri, Mar 16 2018, 9:13 AM
Lenders charge an interest rate commensurate with the risk, and potential for not being paid back. But disasters and taxes can complicate things. Mort...
Thu, Mar 15 2018, 9:16 AM
Rumors continue about companies going out of business, scaling back, or being sold. But let’s talk about progress in pushing forward transitional lice...
Wed, Mar 14 2018, 9:15 AM
As this week marks the 10 year anniversary of JPM Chase taking over Bear Stearns, the residential lending industry is rife with rumors about companies...
Tue, Mar 13 2018, 9:12 AM
As I head to head to Chicago today to attend the Illinois MBA Conference , I won’t win any Brownie Points mentioning that a United Van Lines National ...
Mon, Mar 12 2018, 9:11 AM
Rates have gone up, refi volumes are dropping, and LOs are having plenty of discussions with potential borrowers about “rent vs. buy.” SmartAsset has ...
Fri, Mar 9 2018, 9:15 AM
Let’s end the week with a non-mortgage related note about nature. You Tube has a live webcam a live webcam in the San Francisco Presidio of a Red-Tail...
Thu, Mar 8 2018, 9:11 AM
In these days of fleeting texts, emails, and photos that last for one look, it is nice to think that some things last. News broke that a record-breaki...
Wed, Mar 7 2018, 9:11 AM
How about this note I received from the owner of a non-bank lender in the Northeast. “Rob, in your conversations with CEOs, is anyone talking about cu...
Tue, Mar 6 2018, 9:10 AM
“Rob, in past decades, near the end of every credit cycle, lenders seem to head back down the credit score scale and seem to be more aggressive with u...
Mon, Mar 5 2018, 9:13 AM
The Senate is set to vote this week on a bill by Sen. Mike Crapo, R-Idaho, that would revise several sections of the Dodd-Frank Act . Among the bill's...
Thu, Mar 1 2018, 9:12 AM
Welcome to March. What happened to January and February? This commentary occasionally discusses “tiny homes” (yes, okay with the Agencies if comps can...
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