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 ...
Tue, Feb 16 2016, 10:52 AM
The mortgage industry has certainly taken its lumps in the last eight years. Things are turning around, and Jason Frazier from California's Mason McDu...
Fri, Feb 12 2016, 11:30 AM
(Note: Monday is a federal holiday , and there will be no commentary.) Here's a note I received from the owner of an independent mortgage bank with a...
Thu, Feb 11 2016, 9:39 AM
What's this? Fifty five thousand residents in one mile-high building? Doesn't Tokyo have earthquakes? Let's hope not everyone wants hot water at the...
Tue, Feb 9 2016, 10:44 AM
"Have you heard the latest statistics joke? Probably." CNN reports the latest data from the IRS finds the top 10% of Americans make $128,000 in min...
Mon, Feb 8 2016, 10:42 AM
I asked my cat Myrtle (is she my mews?) if she knew anything about cybersecurity. She gave me a look that told me she spends as much time worrying abo...
Fri, Feb 5 2016, 1:32 PM
"How much does it cost to buy sixty female pigs and forty male deer? One hundred sows and bucks!" Money? I continue to be amazed at this stat: last y...
Thu, Feb 4 2016, 10:02 AM
Lenders
should know that the FDIC indicates it expects banks to evaluate and
manage cyber risk as it does any other business risk and to do so a...
Wed, Feb 3 2016, 9:08 AM
I
spent some time at the Texas Mortgage Banker's event earlier this week
in Houston, and some of the discussion revolved around another refi
bo...
Tue, Feb 2 2016, 9:14 AM
Where
does the penalty money that the CFPB collects go? And is it correctly
disbursed? The Office of the Inspector General (OIG) has some thought...
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...
Fri, Jan 29 2016, 11:00 AM
Since
its Friday let's veer away from mortgages for a quick moment. With the
recent rash of celebrity and music deaths, including the Jefferson
...
Thu, Jan 28 2016, 10:27 AM
Zillow
is predicting that the rental market will cool down this year. Median
U.S. rents grew at a 3.3 percent annual pace in December, to $1,381...
Wed, Jan 27 2016, 9:31 AM
There
are traveler trailers and motor homes but have you heard of a Home RV?
EscapeHomes owner Dan Dobrowoski has created a tiny home, the Travele...
Tue, Jan 26 2016, 10:18 AM
What does Florida have that the rest of us don't? The highest percentage of cash buyers according to Zillow's latest research.
There are plenty ...
Mon, Jan 25 2016, 10:58 AM
Rumors are swirling that AIG has decided to pursue a partial spin-off of its mortgage insurance business,
United Guaranty (UG). Stay tuned for t...
Fri, Jan 22 2016, 11:29 AM
The
FHA's insurance fund is out of the headlines , having moved above the
mandated 2% level. (Yes, for the first time since 2008!) Everyone agree...
Thu, Jan 21 2016, 10:27 AM
Underwriters will want to know that IBISWorld has identified the top ten sectors with expected rapid growth price in 2016 .
Legal services are expe...
Wed, Jan 20 2016, 10:48 AM
If
you think regulatory trends aren't influencing businesses, big and
small, think again. In the latest "big" example, insurance company
MetLi...
Tue, Jan 19 2016, 12:16 PM
Tom
Finnegan contacted me yesterday saying, "Rob, yesterday you published a
list of reasons why loans are not currently being purchased. One of th...
Fri, Jan 15 2016, 10:51 AM
I've
spent some time going through airport security last week & this
week with time in Texas, Northern California, Colorado, and now Ft.
Lauderd...
Thu, Jan 14 2016, 9:05 AM
I'd
recently heard of an English teacher in high school who preached,
"Practice safe text, use commas...and never miss a period." How about
neve...
Wed, Jan 13 2016, 9:55 AM
Dodd-Frank
rules require public companies to provide their shareholders with an
advisory vote (non-binding) on the compensation of the most highly...
Tue, Jan 12 2016, 10:52 AM
Seen
recently: "The lottery gives you a one-in-two hundred million chance of
not going in to work tomorrow. Alcohol gives you one-in-five." What a...
Mon, Jan 11 2016, 10:45 AM
Plenty
of people around the industry believe that the three popular rating
agencies (Standard & Poor's, Fitch, and Moody's) have escaped their
p...
Fri, Jan 8 2016, 9:59 AM
Residential
lending, and real estate in general, is impacted by legal maneuvering
big and small. Sure the big cases and settlements garner the h...
Thu, Jan 7 2016, 10:31 AM
By
most accounts 2015 was a decent year for many builders, lenders, and
real estate firms - especially here in Texas where I'm spending a few
da...
Wed, Jan 6 2016, 10:15 AM
The Wall Street Journal reports banks are beefing up cybersecurity defenses
by taking actions that include banning employees from using USB drives...
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,...
Mon, Jan 4 2016, 10:23 AM
"Rob,
I can't help but notice the enormous TRID frustration among so many of
your readers. While we/MBA were successful in getting the letter fr...
Thu, Dec 31 2015, 12:41 PM
Given
my Resolutions from a year ago, and looking back at 2015, I've got
today to get skinny, save money, learn French, and undrink 987 bottles
...
Wed, Dec 30 2015, 10:39 AM
Death
is rarely funny, and the aftermath can be even worse. But here's an
interesting twist on things. Even in our digital world where e-mortgages...
Tue, Dec 29 2015, 11:45 AM
Are
you reading this while figuring out what you're going to do New Year's
Eve? The latest research studies find it is nearly impossible for our
...
Mon, Dec 28 2015, 12:02 PM
Fetch
your HP 12c - here's some math magic. Take 259, multiply it by your
age, and then multiply that by 39. You'll see an interesting result.
(...
Thu, Dec 24 2015, 11:45 AM
As
much of the nation reels from storms and their damage, and lenders
review their disaster policies, there is one thing we don't have to
worry ...
Wed, Dec 23 2015, 11:22 AM
It
is the holiday season. Some of us abstain from drinking alcohol, some
of us don't. And among those that don't abstain, some drink a little and
...
Tue, Dec 22 2015, 12:11 PM
Yesterday I posted some USDA rural housing updates ,
and received a couple notes from astute readers on a couple errors. The
upfront guarantee fe...
Mon, Dec 21 2015, 11:00 AM
Congratulations
- from here on out we'll see more daylight in the Northern Hemisphere
every day. And for readers living in Anchorage, Alaska, wher...
Fri, Dec 18 2015, 10:51 AM
Few people grow up wanting to be an LO
or a capital markets gal. But plenty grow up wanting to be astronauts.
Ever wondered what an astronaut earn...
Thu, Dec 17 2015, 11:39 AM
What are lenders talking about?
Besides the CEO of Wells Fargo saying in a recent speech that he sees,
"the wealth and investment management busin...
Wed, Dec 16 2015, 10:12 AM
The financial services sector continues to evolve, or devolve as the
case may be. Certainly the wave of mergers and acquisitions continues,
and ju...
Tue, Dec 15 2015, 10:04 AM
What
is this? Fear of a bubble in commercial real estate? Apparently the Fed
is increasingly concerned about asset pricing and lending practices i...
Mon, Dec 14 2015, 9:40 AM
"The
mediocre teacher tells. The good teacher explains. The superior teacher
demonstrates. The great teacher inspires." So said William Arthur War...
Fri, Dec 11 2015, 10:56 AM
Women who own small businesses in the United
States are overall more satisfied than their male counterparts with
their banking experience, accordi...
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...
Wed, Dec 9 2015, 9:20 AM
Among other debt instruments the U.S. Treasury issues
(auctions/sells) T-Bills (maturing in one year or less), T-Notes (2-10
year maturities), and...
Tue, Dec 8 2015, 10:43 AM
"I
remember the words to every song from the 1970s, but I forgot why I
walked into this room..." Memory is a funny thing. But remember when it
w...
Mon, Dec 7 2015, 10:37 AM
"Rob,
you discussed TRID issues Saturday. Anything else you're hearing from
investors?" Sure. Remember that investors, whether it is Fannie or
F...
Fri, Dec 4 2015, 9:50 AM
Hiring
quick-thinking candidates is important, and Martin H. contributed,
"There's another great answer to the traditional interview question,
'...
Thu, Dec 3 2015, 10:55 AM
Once
again we can all listen to the yammering about the Federal Reserve's
Open Market Committee meeting. But for those who would actually like to ...
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