Tue, Sep 8 2015, 10:33 AM
Unfortunately
I continue to receive e-mails asking complex TRID questions, better
directed to investors or the CFPB, about regulatory details, the...
Fri, Sep 4 2015, 10:58 AM
Back
to school? The U.S. Census Bureau has come to the rescue with a lot of
forgettable numbers - but those actuary and statistics majors have to ...
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...
Wed, Sep 2 2015, 10:36 AM
Wells Fargo Funding's clients received a note yesterday that is of use to the entire industry involving a scam impacting the mortgage settlement proc...
Tue, Sep 1 2015, 9:34 AM
Slowly
but surely the residential lending industry is trying to turn the tide
in the public's mind about the home financing process - as noted in ...
Mon, Aug 31 2015, 9:20 AM
Darned
if I know how we're at the end of August already, with kids are heading
back to school and the NFL all over sports programs. One thing that...
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...
Thu, Aug 27 2015, 9:52 AM
What's the difference between apathy and ignorance? I don't know and I don't care.
The odds are pretty good that practically every residential lende...
Wed, Aug 26 2015, 3:03 PM
Wildfires
in the west have already burned more than 7 million acres . (To put
things in context, the entire state of California has about 101 mil...
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...
Mon, Aug 24 2015, 11:02 AM
"In
the physical sciences, knowledge is cumulative. In the financial
markets, it is cyclical." I was reminded of this by Brent Nyitray, CFA
and ...
Fri, Aug 21 2015, 9:37 AM
What does the CFPB think of residential lenders? One indication might be the videos of borrower horror stories
posted on its website. I, for one, ...
Thu, Aug 20 2015, 9:03 AM
I
continue to hear about the overkill in paperwork as lenders attempt to
cover their collective "assets" against potential liabilities. But that
...
Wed, Aug 19 2015, 9:10 AM
Yesterday
the commentary noted how jumbo lending was alive and well, at least for
depository banks. Zillow recently analyzed what areas would be m...
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 ...
Mon, Aug 17 2015, 9:58 AM
Thank you to Mark Baker with Cardinal Financial sent over a story about dear people who live in fancy tiny houses . An appraiser's nightmare or a Mil...
Fri, Aug 14 2015, 10:19 AM
The
fact that outstanding auto loans have passed the $1 trillion mark is
garnering headlines, as well as Ohio's vote on legalizing marijuana and...
Thu, Aug 13 2015, 10:01 AM
"Texas alone accounts for 15% of all new single family homes built in the United States." I find this factoid interesting on a number of levels, an...
Wed, Aug 12 2015, 11:37 AM
”Rob,
I've heard that the fines that a company pays to the CFPB are tax
deductible. So therefore the money is just transferred from one
governme...
Tue, Aug 11 2015, 11:25 AM
Is it really easier to get a mortgage these days? Well... After mortgage backers Fannie Mae and Freddie Mac clarified their credit qualifica...
Mon, Aug 10 2015, 10:26 AM
I
am currently in the Pacific Daylight Time zone for the Mortgage
Collaborative conference near San Diego. Do time zones ever make the
headlines...
Fri, Aug 7 2015, 11:32 AM
Yesterday
I attended the California Association of Mortgage Professionals
conference in Southern California, and was talking to a buddy who works ...
Thu, Aug 6 2015, 11:16 AM
Housing discrimination can come in many forms - but based on who your friends are? Thank you to Thomas Michel who sent along this story about how Fa...
Wed, Aug 5 2015, 11:26 AM
Demand
for a wide range of consumer and commercial loans increased in the
second quarter, according to a Federal Reserve survey of senior loan
o...
Tue, Aug 4 2015, 10:35 AM
Regina Lowrie from RML Advisors
answers the question, "How should we handle the title insurance
companies, escrow companies and closing attorney...
Mon, Aug 3 2015, 10:17 AM
A
big topic at last week's MBA Hawaii annual conference was change in
the industry. As if residential lending doesn't have enough changes all
th...
Fri, Jul 31 2015, 10:20 AM
A
rare blue moon (two full moons appearing in the same calendar month)
will be visible in the sky today for the first time in three years. We
wo...
Thu, Jul 30 2015, 10:09 AM
Fun with government numbers: approximately
52.2 million people in the U.S. participated in major means-tested
government assistance programs eac...
Wed, Jul 29 2015, 11:11 AM
I
ain't one that puts much creed into book learnin'. But somes, I'm
guessin', do. The Mortgage Bankers Association will be offering a Path to Div...
Tue, Jul 28 2015, 10:29 AM
Federal
agencies have issued the final standards in regards to Section 342 of
the Dodd-Frank Wall Street Reform and Consumer Protection Act of 201...
Mon, Jul 27 2015, 9:59 AM
The
MBA's "Chart of the Week" earlier this month noted that the ARM share
of mortgage applications had increased to 7 percent. This is the highest...
Fri, Jul 24 2015, 11:28 AM
Underwriting
is teamwork, and teamwork is the fuel that allows common people to
achieve uncommon results, provided they don't mind you calling the...
Thu, Jul 23 2015, 9:30 AM
Amidst
rumors of PIMCO buying a large retail residential lender (don't ask me,
I'm always the last to hear), residential business is really pickin...
Wed, Jul 22 2015, 10:11 AM
As expected, the CFPB issued a final rule announcing the delay of the effective date for TRID from August 1, 2015 to October 3, 2015 .
"The CFPB be...
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...
Mon, Jul 20 2015, 10:24 AM
I
am visiting Denver for much of this week, and heard this quote: "Our
company culture? It consists of talking about our company culture."
Kiddi...
Fri, Jul 17 2015, 10:13 AM
Boy
how things have changed. Life is so expensive now; maybe that's why the
living arrangement stats have changed so dramatically since 1967. In
...
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."...
Wed, Jul 15 2015, 10:16 AM
Yes, IT systems have sailed through things like Y2K (remember that?) and the leap second on June 30 th . But there are bigger challenges. The Federal ...
Tue, Jul 14 2015, 10:28 AM
June marked the beginning of hurricane season , as the North Atlantic hurricane season began on June 1 st and ends November 30 th .
The last time ...
Mon, Jul 13 2015, 10:29 AM
Here's
some good news. The National Reverse Mortgage Lenders
Association/RiskSpan Reverse Mortgage Market Index which analyzes trends
in home va...
Fri, Jul 10 2015, 11:05 AM
The FDIC has updated the Compliance Examination Manual to include examination procedures for TRID
in order to allow financial institutions a bet...
Thu, Jul 9 2015, 11:48 AM
Catching up on servicing news, don't forget that the
FHFA will now require servicers of mortgages to have a minimum net
worth of $2.5mm plus 2...
Wed, Jul 8 2015, 11:52 AM
For many lenders regardless of size, health care costs are expensive. Unfortunately it is about to become worse. The New York Times reports health in...
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...
Mon, Jul 6 2015, 10:54 AM
In
legal & training news, "After years of grappling with the fallout
over legacy loans and the industry's pivot towards regulatory
compliance, t...
Thu, Jul 2 2015, 10:15 AM
It
seems that lenders have had a more difficult time obtaining tax
information from the IRS this year. I collected the tax-related updates
ove...
Wed, Jul 1 2015, 11:38 AM
The Fourth of July is nearly here our very own Census Bureau has dished up some tasty numerical facts. The estimated U.S. population for July Fourth t...
Tue, Jun 30 2015, 11:33 AM
"One." That is the extra second that June 30 th
has today to correct clocks for the earth's rotation. "330,820." That
is the number of times Amer...
Mon, Jun 29 2015, 11:19 AM
I
doubt the average U.S. household is sitting around worrying about
interest rates. It's probably more like earthquake preparedness than
anythin...
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