Thu, Nov 19 2015, 10:46 AM
Every day we all hear rumors, big and small, mostly unfounded.
Rumors like that large companies in the vein of Franklin American and
Freedom Mortg...
Wed, Nov 18 2015, 10:58 AM
Where
the heck did 40 years go? Call any person who underwrites loans or
draws docs and ask if they'd like to do that for 40 straight years. The
...
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, 10:52 AM
Many
nations are a hodge-podge of ethnic diversity, and the U.S. Census
Bureau tells us that there are at least 350 languages spoken across our
...
Fri, Nov 13 2015, 10:46 AM
Lots
of people love Friday the 13ths - we've had a few this year but there
will be only one in 2016 (May). The Gregorian calendar is full of
won...
Thu, Nov 12 2015, 10:59 AM
WalletHub published its findings from analyzing the 2015 best and worst small cities in America .
The analysis compared 1,268 U.S. cities with a po...
Wed, Nov 11 2015, 1:31 PM
Today is November 11 th ,
Veterans Day. The bond markets are closed, as are many companies, but
what does this date represent? (On a personal note...
Tue, Nov 10 2015, 10:11 AM
Title companies , as well as real estate agents , find themselves in the middle of the MSA discussion.
Marketing and Services Agreements (MSAs) whe...
Mon, Nov 9 2015, 10:10 AM
The
end of the year is in sight. Banks are doing their usual search for CRA
loans, employees are lining up Christmas parties, and...bidding on cat...
Fri, Nov 6 2015, 10:05 AM
"Every
saint has a past, and every sinner has a future." The mortgage industry
has both, and it is important to remember that individuals and
co...
Thu, Nov 5 2015, 9:44 AM
The MBA spread the word that in Congress the House is going to vote today on ending "using gfees to support the highway program " today. "We sent a ...
Wed, Nov 4 2015, 9:06 AM
No
sooner does the commentary (once again) mention cyberattacks than the
FFIEC comes out with a bulletin yesterday on the escalating number of ...
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
...
Mon, Nov 2 2015, 9:14 AM
November
already? Thanksgiving is approaching, and in honor of that I shot my
first turkey yesterday. Scared everyone in the frozen food's section...
Fri, Oct 30 2015, 10:24 AM
Besides
the adults taking over Halloween, and the underwriting department
duking it out with accounting to see who takes home this year's
depart...
Thu, Oct 29 2015, 10:43 AM
Let's
start with something non-mortgage related but that may be of interest
to some. Who doesn't go faster than the posted speed limit on a freewa...
Wed, Oct 28 2015, 11:02 AM
I
head to Ann Arbor today, but 500 miles away is the Gateway Arch in St.
Louis - quite a sight on the Mississippi! The Gateway Arch was designed
...
Tue, Oct 27 2015, 10:34 AM
When
was the last time anyone used the term "elderly"? I think the industry
dropped the term when someone realized baby boomers didn't like thinki...
Mon, Oct 26 2015, 10:40 AM
Don't
ask me how we arrived at the last week of October already, but here we
are barreling toward Halloween and changing the clocks Sunday morning...
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...
Thu, Oct 22 2015, 10:46 AM
If
anyone out there wants to be buy a big office building, Fannie has one:
the company is preparing to move to its new HQ downtown and is selling...
Wed, Oct 21 2015, 10:49 AM
As
the San Diego MBA conference wraps up, one is reminded that many
lenders are having fine years and some can't believe their good fortune.
Oth...
Tue, Oct 20 2015, 10:35 AM
Richard
Cordray spoke here in San Diego yesterday. You weren't in the audience?
Well, the CFPB publishes every word uttered by CFPB's management, ...
Mon, Oct 19 2015, 10:39 AM
From my narrow view, the big talk of the San Diego MBA conference so far? Fannie & Freddie's rep & warrant changes, the FHA's position on the CFP...
Fri, Oct 16 2015, 10:12 AM
I
am driving to the San Diego conference and bunked down in Santa Barbara
for the night. It is a friendly place, but news reached me reminding me
...
Thu, Oct 15 2015, 10:37 AM
If
I was a giving a presentation to a bunch of real estate agents I'd want
them to know that I know all about the local job market. The Census
B...
Wed, Oct 14 2015, 10:42 AM
Where
are the residential refis coming from? I hear that there is the usual
mix of rate & term (as ARM loans adjust, or borrowers actually look
...
Tue, Oct 13 2015, 10:45 AM
The Treasury Department has announced that under the Foreign Account Tax Compliance Act it will share information with 34 nations ,
including India...
Fri, Oct 9 2015, 11:14 AM
Fifth Third admitted it improperly certified more than 1,400 mortgage loans it knew were defective as eligible for FHA, costing taxpayers millions....
Thu, Oct 8 2015, 10:14 AM
Who
says that financial reporters don't have a sense of humor? I caught
this recent headline about a story on Alcoa Aluminum splitting into
mini...
Wed, Oct 7 2015, 9:43 AM
How
long has your staff been on their jobs? The Fed has kept short term
rates unchanged for 6 years and 9 months at this point. Does your senior
...
Tue, Oct 6 2015, 10:22 AM
It
is not an issue of "if", but "when". The ABA said it suffered a
cyberattack of its online shopping cart and at least 6,400 user records
h...
Mon, Oct 5 2015, 9:08 AM
"Well
I know a pretty little place in Southern California, down San Diego
way. There's a little café, where they play guitars all night long babe,...
Fri, Oct 2 2015, 10:32 AM
TRID
arrives tomorrow, put into business practice on Monday. And the
industry wonders if, since under the Dodd-Frank financial reform law the
CF...
Thu, Oct 1 2015, 9:59 AM
Today I am in transit to Virginia Beach for the VMLA Annual Convention ,
October 1-2. How did we end up in October already? Certainly the
seasons...
Wed, Sep 30 2015, 10:25 AM
Do
you have fewer competitors than you did a few years ago? A recent MBA
Chart of the Week highlighted HMDA respondents and found that in 2014,
...
Tue, Sep 29 2015, 10:29 AM
Let's
start off with a little quiz that I gave to my cat Myrtle. There are
four business days left until a) Y2K b) New LO comp rules C) QM d) The ...
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...
Fri, Sep 25 2015, 10:35 AM
"Rob,
do you think that the CFPB is involved in monitoring price gouging by
companies of any sort? For example, I read about a drug company that...
Thu, Sep 24 2015, 10:41 AM
Just what our industry needs: another reminder for the public to think about the problems we had in the past. This time it is a Christmas-time movie ...
Wed, Sep 23 2015, 10:48 AM
How bad is the housing market in San Francisco, California? Well, here's a "beauty" that is on the market for $350,000 . Run that one by any investor...
Tue, Sep 22 2015, 10:55 AM
This
morning I am in Detroit, which has seen its share of population
movement. The Census Bureau has released statistics for movers between
met...
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...
Thu, Sep 17 2015, 10:04 AM
I bet for every person a company has dedicated to stopping cybercrime
there are 10 somewhere else trying to perpetrate it. Just yesterday I
rece...
Wed, Sep 16 2015, 11:55 AM
You can now review every federal agency ( even the CFPB ) on Yelp. There is an agreement in place that allows agencies to claim pages and respond to r...
Tue, Sep 15 2015, 9:48 AM
A recent MBA Chart of the Week
focused on the Independent Mortgage Banks net production income and
purchase share. The independent mortgage ba...
Mon, Sep 14 2015, 10:11 AM
One
of the problems with servicing loans in Hawaii, or even for
"mainlanders" originating loans there, is name pronunciation. How does
someone f...
Fri, Sep 11 2015, 10:15 AM
Is the residential loan officer job at a bank
going to go the way of the pinsetter in a bowling alley, the guy who
delivered blocks of ice for the...
Thu, Sep 10 2015, 10:22 AM
For
those who follow legal news, and those interested in not only "blowing
the whistle" on other companies but also in "ratting out" co-workers an...
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