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...
Mon, Nov 17 2014, 10:32 AM
This week I will spend time in California, Colorado, and Kansas,
and expect to hear from many folks about the state of the industry.
Unlike Japan,...
Fri, Nov 14 2014, 10:34 AM
Regardless of if you're a bank or not a bank, the decision to service loans is not one to be taken lightly. Regulators are drafting rules to
addre...
Thu, Nov 13 2014, 9:53 AM
The
amount of single young adults who are fully employed has increased from
25% in 1976 to 40% in 2013. But married young adults where both spouse...
Wed, Nov 12 2014, 10:29 AM
Many company's doc drawers and funders are coming back to work after Veteran's Day and realizing that there are only 18 funding days in November.
(E...
Mon, Nov 10 2014, 11:13 AM
The fun just doesn't end. Not only is a CFPB penalty against a lender rumored to be announced soon, but now we have the Rolling Stone doing a story ...
Fri, Nov 7 2014, 10:34 AM
Lots of folks
are going crazy over the avalanche of rules and regulations that are
increasing the cost of every mortgage made in the United States...
Thu, Nov 6 2014, 10:54 AM
This
week I have the privilege of spending a little time in Murfreesboro, TN
(with First Community Mortgage) and a few days ago in Salt Lake City ...
Wed, Nov 5 2014, 10:40 AM
If
you don't think that the gap between the haves and have-nots is
widening, Forbes reports about 50% of global wealth is controlled by 1%
of th...
Tue, Nov 4 2014, 10:55 AM
It
is Election Day (with a suitable joke below) and I am visiting Salt
Lake City. A recent report indicates that Utah ranked higher than the
nat...
Mon, Nov 3 2014, 11:31 AM
"Please
understand that we are acutely aware of the challenges created for
homebuyers, lenders and realtors when we are unable to meet desired
t...
Fri, Oct 31 2014, 11:03 AM
Gaps of all kinds are widening out, and they are impacting business. In a story about " New Homes' Problem: Price " the
gap between the more exp...
Thu, Oct 30 2014, 11:19 AM
As
mortgage bankers gear up to see what the Shipping Department dresses up
as tomorrow, let's take a quick look at some demographics. There is now...
Wed, Oct 29 2014, 10:34 AM
You don't think things are changing? Apple announced it has signed up 500 more banks
in addition to the 6 largest US banks it announced during the l...
Tue, Oct 28 2014, 10:53 AM
This
is the season that CEOs are asking underlings for 2015 projections, and
of course no one wants to tell the boss that volume is going to go
...
Mon, Oct 27 2014, 10:38 AM
The
Fed reports home ownership among families with a head of household
younger than 40 years old have fallen from about 50% from 2005 to 42%
tod...
Fri, Oct 24 2014, 10:55 AM
According
to Zillow Real Estate Research, home ownership rates among millennials
have declined over the past four decades mainly due to changing...
Thu, Oct 23 2014, 10:45 AM
"I've decided to sell my Hoover ... well, it was just collecting dust". While we're talking about dust, if you think the drought in California
is ...
Wed, Oct 22 2014, 10:49 AM
If I was going to build a house, I'd want to make sure it was on the right lot. For some folks that doesn't work out so well
- thanks to Ali F. fo...
Tue, Oct 21 2014, 10:57 AM
I
was dealt a serious setback yesterday here at the MBA conference, being
held in the immense Four Seasons, Mandalay, Delano, conference center
...
Mon, Oct 20 2014, 9:57 AM
I
brought a set of workout clothes to the MBA conference, which turned
out to be a waste because we're all burning lots of calories dashing to
m...
Fri, Oct 17 2014, 11:31 AM
Zillow most recently published research indicating that a
recession negatively affects the housing industry due to a decrease in
employment oppo...
Thu, Oct 16 2014, 10:24 AM
Outside
of California's Santa Clara Valley, the words "Affluent" and
"Millennial" aren't used too often together. But it turns out that when
aff...
Tue, Oct 14 2014, 10:51 AM
"American schoolchildren rank 25 th in math and 21 st in science out of the top 30 developed countries, but USA ranked 1 st in confidence that they...
Fri, Oct 10 2014, 8:45 AM
Hiring or firing, banks are finding their lending is about to come under further scrutiny by the Fed .
US regulators have started to audit Wall St ...
Thu, Oct 9 2014, 9:41 AM
Capital
Markets folks are always watching the MBS market. It is not a simple
topic. For example, a "Catch-22" is preventing the issuance of
non-...
Wed, Oct 8 2014, 10:54 AM
Mortgage
banker thwarts Zions Bank robbery?! Don Worthington with Primary
Residential writes, "Our sales Manager Corey Lewis was on the phone with...
Tue, Oct 7 2014, 10:30 AM
Where does bank settlement money go? Well, if it is up to New York's Governor Andrew Cuomo, it will go toward building bridges in New York . I imagin...
Mon, Oct 6 2014, 10:11 AM
Marriott
was fined $600,000 by the U.S. Federal Communications Commission for
blocking hotel customers from connecting to the internet on personal...
Fri, Oct 3 2014, 10:14 AM
"Rob, do you have an easy article about who is responsible for the condition of a property after a foreclosure?" Yes - according to Henry Chuang in t...
Thu, Oct 2 2014, 10:58 AM
Here's an
interesting story on a company in San Francisco that is doing
its best to refinance student debt, which in turn lowers the debt level
...
Wed, Oct 1 2014, 10:50 AM
When
I was young, my parents taught me that my income was my own business,
and talking about wages and bonuses with others never did anyone any
...
Tue, Sep 30 2014, 11:00 AM
How did we arrive at the end of the 3 rd
quarter so quickly? It has been filled with legal news about the
financial services sector right up to...
Mon, Sep 29 2014, 10:23 AM
Is it against the law for an employer to provide
an employee with better-than-market rates? KPMG hopes not . And the only thing I could find employ...
Fri, Sep 26 2014, 10:44 AM
I don't know what you earn on your savings in
the bank, but I earn about 0%. I think plenty of others do as well, and
plenty of others are thinkin...
Thu, Sep 25 2014, 11:23 AM
A
Harvard study tells us that 35% of American households (both homeowners
and renters) spend at least 30% of their pre-tax income on housing
cos...
Wed, Sep 24 2014, 10:49 AM
I
like to put my money to work. I could earn some decent dividend returns
(3-4%) if I buy some Exxon, or AT&T. Or maybe I should start
loaning m...
Tue, Sep 23 2014, 10:58 AM
It would be nice to think that fraud in any industry doesn't exist - but it does. And a story in the Los Angeles Times
reminds readers that frau...
Mon, Sep 22 2014, 10:14 AM
I've been hearing it for a while, "the market is slow, and home appreciation is stagnant." But here in South Carolina, for example, many markets are o...
Fri, Sep 19 2014, 10:41 AM
Arrgghh...
I read in Pirate Quarterly that you could take the entire human
population of the earth, put it inside of Texas, and it would still be ...
Thu, Sep 18 2014, 10:59 AM
Peter
Drucker opined, "Management is doing things right; leadership is doing
the right things." The Federal Reserve sure wants banks that lend mon...
Wed, Sep 17 2014, 11:00 AM
Want
some numbers that none of us will remember, but that are indicative of
demographic trends that won't help lending? In 2010, households headed...
Tue, Sep 16 2014, 10:43 AM
How
can we move forward as an industry when we can't even agree on how to
pronounce the acronym for Truth-in-Lending? I have heard "TILA"
pronou...
Mon, Sep 15 2014, 9:51 AM
Lead generator Intermundo Media, LLC has agreed to pay $500,000
to settle charges by the Federal Trade Commission (FTC) that it falsely
adverti...
Fri, Sep 12 2014, 10:30 AM
The
Community Reinvestment Act is certainly full of policies and
procedures, and you might have a new set of them to contemplate. Using
the Fe...
Thu, Sep 11 2014, 10:40 AM
In preparing to write a small blurb about the Unmarried and Singles Week
that starts in 10 days, which, as best I can tell, is nowhere near
Vale...
Wed, Sep 10 2014, 10:55 AM
The
city of San Francisco has 121 square kilometers (about 47 square
miles). The Dallas-Ft. Worth Airport's area is about 70 square
kilometers, ...
Tue, Sep 9 2014, 10:42 AM
First
time home buyers include more than just Millennials - see the note a
few paragraphs down. The group includes recent immigrants, newly
divo...
Mon, Sep 8 2014, 10:31 AM
Here
at the Pacific Northwest Lenders conference in Portland, a big topic of
conversation is, like it is everywhere, regulation. Understandably
...
Fri, Sep 5 2014, 10:35 AM
There's
a lot of data swirling around the demographic black-hole of lending
known as "the Millennials." I've come to the conclusion that this is
...
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