Tue, Jul 2 2013, 11:25 AM
The Mortgage Bankers Association of the Carolinas received this question: "Can we close a loan if we discover that the borrower did not sign his/her l...
Mon, Jul 1 2013, 9:25 AM
Bond markets are closing early on Wednesday, and we all have a day off Thursday ( read more... ).
Thursday is the 4th of July. Everyone living in th...
Fri, Jun 28 2013, 12:56 PM
Huh? This is the last business day of the first half of 2013? Where
does time go? And there will be plenty of folks on vacation next week,
with it...
Thu, Jun 27 2013, 10:43 AM
The MBA reported that independent mortgage banks saw their profit per loan take a tumble during the first quarter, down about $500 per loan
...
Wed, Jun 26 2013, 9:47 AM
"May a lender decline a mortgage applicant because the applicant
became involved in a lawsuit subsequent to his or her initial loan
application?" ...
Tue, Jun 25 2013, 8:04 PM
From May 1st lows through yesterday's highs, the yield on the 10-Year
Note has risen from 1.614% to 2.667% and at the same time, the 3.5% MBS coup...
Mon, Jun 24 2013, 1:17 PM
The National Association of Realtors, America's largest trade organization and a group that you'd want on your side, said that Congress should consid...
Fri, Jun 21 2013, 1:57 PM
Welcome to the day with the misnomer, "The longest day of the year."
Every day has about 24 hours - this one, in the northern hemisphere,
happens ...
Wed, Jun 19 2013, 10:54 AM
Here in Colorado, all eyes are on the 500+ houses destroyed by the recent fires. FEMA
is also watching, as it is the damage caused by flooding in ...
Tue, Jun 18 2013, 10:44 AM
I am in Colorado this week for the Richey May President & CEO
Roundtable meeting, but here is some news regarding Ohio. When we think
"The Federal...
Mon, Jun 17 2013, 9:41 AM
The United States does not have the only government that is knee-deep in controlling lending and real estate. Beijing,
which already has China's st...
Fri, Jun 14 2013, 12:06 PM
NAR has been invited to testify at an upcoming Congressional hearing about the Qualified Mortgage rule (QM) .
The House Financial Services Subcomm...
Thu, Jun 13 2013, 10:27 AM
Are you looking forward to a day off tomorrow? Me neither - the
commentary never sleeps - but agencies like HUD and the IRS do. These,
and other a...
Wed, Jun 12 2013, 12:44 PM
In spite of a lot of chatter and proposed legislation about phasing out Fannie & Freddie ,
much of the industry is behind the agencies. Not only do...
Tue, Jun 11 2013, 12:41 PM
The plain fact is that people need , and for the most part want ,
a roof over their heads. According to an online survey conducted by
Harris Int...
Mon, Jun 10 2013, 10:16 AM
I am in Atlanta for a couple days, visiting with the Atlanta Mortgage
Bankers Association. Some of the conversations involve the $76 million
that ...
Fri, Jun 7 2013, 11:49 AM
Yes, mortgage rates are higher than where they were a month ago. We aren't in an " ARM market " quite yet although intermediate ARMs
are seeing some...
Thu, Jun 6 2013, 11:44 AM
Remember all those folks that had their 401(k)'s tied up in stocks
like Countrywide, Bank of America, Lehman Brothers, National City,
WAMU... the ...
Wed, Jun 5 2013, 11:33 AM
Yesterday the commentary mentioned a question, "Rob, how can I gear up my consumer direct division to go after purchase business?" I
received this n...
Tue, Jun 4 2013, 11:16 AM
"Rob, how can I gear up my consumer direct division to go after purchase business? "
That is a good question to which I don't know the answer - wis...
Mon, Jun 3 2013, 9:53 AM
Underwriters and loan originators are acutely aware of a trend
reflected in a stat the Census Bureau recently released: the number of
businesses w...
Fri, May 31 2013, 2:14 PM
"The guy next door" as well as multi-billion dollar venture capital
funds know that, right? Well, the housing industry is hoping that
venture capi...
Thu, May 30 2013, 10:50 AM
The Federal Housing Finance Agency (FHFA) published an interim final rule in the Federal Register recently which mean that the long drawn-out saga...
Wed, May 29 2013, 11:34 AM
Traders report that there has been " little resistance to higher rates ." What does that mean? Mortgage banker origination has been heavy (hitting ove...
Tue, May 28 2013, 9:59 AM
In Saturday's edition of the commentary, the question was raised by CG from Wisconsin regarding paying loan officers different rates based on differen...
Sat, May 25 2013, 2:09 PM
The mortgage industry is filled with smart business people who just want to know "the rules of the game" rather than the uncertainty that seems to exi...
Fri, May 24 2013, 10:03 AM
T he IRS, furlough days, and the possible impact on 4506 transcript processing . I first heard about it through a Mountain West Financial e-mail: "T...
Thu, May 23 2013, 2:58 PM
The Fed giveth, and the Fed taketh away. Both stocks and bonds fell on Wednesday after a Q&A session with Ben Bernanke , and minutes from the latest ...
Wed, May 22 2013, 12:51 PM
Yesterday the commentary mentioned a rumored shut down of MGIC's Capital Markets Group . I received this e-mail: "MGIC has indeed reorganized certai...
Tue, May 21 2013, 11:13 AM
If you're like me and rest your weary eyes each night by reading the Fair Housing Act of 1968, then you don't need to be told that the act " prohibit...
Mon, May 20 2013, 9:32 AM
Here in Austin, at the Texas Mortgage Banker Association's yearly conference, the talk is not so much about the Millennial generation but about how ...
Fri, May 17 2013, 1:18 PM
Among the nation's 30 largest metro areas included in a recent Zillow study, Pittsburgh (39%), Tampa (33%), New York (30%), Cleveland (29%) and Miami ...
Thu, May 16 2013, 9:27 AM
"Talent hits a target no one else can hit; genius hits a target no one else can see." Hedge funds and investment banks have a lot of talent, and perio...
Wed, May 15 2013, 11:42 AM
Where's the Fed's head when it comes to housing? I can't say for sure, but Fed Governor Duke's speech on " The Mortgage Market and Housing Condition...
Tue, May 14 2013, 10:13 AM
"Rob, why would Warren Buffett recommend stocks and not bonds? And do they always move in opposite directions?" The answer is no, they don't alway...
Mon, May 13 2013, 10:16 AM
It is a time to celebrate those 65 and older through ceremonies, events and public recognition - in which most of which the folks in this group have n...
Fri, May 10 2013, 12:11 PM
Yesterday I was speaking to a group from International City Mortgage (a solid company on the rise, adding their own servicing, selling to the agen...
Thu, May 9 2013, 11:15 AM
The employment picture continues to evolve. For example, earlier this week BB&T announced it will consolidate 37 markets into 23 and eliminate 14 re...
Wed, May 8 2013, 10:13 AM
What's in a name? Plenty - just ask anyone about how the name Fifth Third came about, or the confusion resulting from RFC to GMAC to Ally to...Green L...
Tue, May 7 2013, 10:49 AM
"Rob, do you know if an LO, AE, or correspondent rep has a matching 401(k) plan with their company, are bonuses including in that? Has the CFPB ruled ...
Mon, May 6 2013, 10:34 AM
How about some historical perspective to help LOs learn a little history on assumable loans? I recently received this note: "FHA and VA had assumable ...
Fri, May 3 2013, 10:49 AM
The seminar, earning, and agency news just won't stop! Richey May & Co ., an accounting firm based in Denver that specializes in serving mortgag...
Thu, May 2 2013, 10:56 AM
Lots of lenders do loans in rural areas, and lots of lenders do loans with escrow accounts, and/or escrow holdbacks (different, of course). The CFPB i...
Wed, May 1 2013, 10:35 AM
CMC, along with several other companies, hedge pipelines, which reminds me of a note I recently received. "Rob, I work for a mid-size wholesale compan...
Tue, Apr 30 2013, 10:44 AM
Innovation among vendors appears to be alive and well, as does taking customer surveys. Have you ever read reviews of hotels on Trip Advisor or produc...
Mon, Apr 29 2013, 11:15 AM
The demand for capital never goes away - it is matter of supply and demand setting the rate and price for certain types of loans. Putting political na...
Fri, Apr 26 2013, 10:43 AM
Flipping over to the non-agency sector, uh oh: is the demand for "private label," nongovernment-backed residential mortgage securities dropping, or ...
Thu, Apr 25 2013, 10:20 AM
I will be on a flight to Washington to speak to the Washington Association of Mortgage Professionals meeting tonight; otherwise I would listen in ...
Wed, Apr 24 2013, 10:15 AM
In spite of all the increased regulations and underwriting criteria that require borrowers to actually qualify, mortgage applications are hanging in t...
Tue, Apr 23 2013, 11:02 AM
We were reminded that the CFPB's " Final Rules " aren't necessarily final when it issued proposed clarifications to rules dealing with servicer-held e...
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