All Headlines Rob Chrisman
Rob Chrisman's Daily Commentary
For the past 10 years Mortgage News Daily has provided our readers with Rob Chrisman's daily commentary.
NEW Bank of America Finds Mistakes in Foreclosure Files; MBS Issuance 95% Agency Paper; What is an Allonge?; Document Curing Timeline
NEW Wells Adjusts Gov't Loan Compensation Caps; Waiting on New Capital Standards; Loan Pricing War in 2011; Comments from the Trenches
NEW BoA Files Suit Against FDIC on TBW Funding Scam; Sheriff Refuses to Enforce Foreclosures; Lenders Required to Sign Procedural Warranties
NEW Freddie Mac's Rate Survey; FRBNY Suing BofA; Loan Buybacks; NMLS & Credit Reports; FHA Training; Wells Fargo Earnings
NEW BofA and GMAC Resume Foreclosures; Feedback on HVCC's "Replacement"; Faulty Note Transfers; DU Early Check Reports; HECM Saver
NEW GSEs Release HVCC Updates; Broker Compensation & YSP Clarification; 15 Year Prison Sentence for Mortgage Fraud
NEW Early Pay-Off Penalties Hit Originator Wallets; Foreclosure Uncertainty a Real Issue; Wells Wholesale Accepting BoA Appraisals; Reasons for Buybacks
NEW Top 10 Loan Servicers; Confusion on JP Morgan's MERS Relationship; Money Flowing into Mortgage Banking Deals
NEW White House Against Nationwide Foreclosure Moratorium; Corporate Cash Surplus; JP Morgan Chase Earnings; 3.0s Trade
NEW Loan Buybacks Still an Issue; Input on Lender Turn Times; Goldman Sachs Freezes Foreclosures; eNotes; Investor Updates
NEW Industry Feedback on Foreclosure Debacle; Rate Sheet Rebate vs. Processing Turn Times; Best Practices Lender Guide; Acceptable Income Types
NEW Options ARM's - The Gift that Keeps on Giving; Top Lenders by Volume; Investor Angle on Foreclosure Issues
NEW WSJ Asks If Homebuyers Even Need Mortgage Brokers; Wells Wholesale Channel Staying Put; More on Foreclosures; Lock Extension Regs
NEW Feedback: Loan Closing Delayed on Foreclosed Property Purchase; More on Retained Servicing vs. Released; TPO FHA Production
NEW New FHA MIP in Effect; Foreclosure Mess Impacts Title Companies; Wells Stops Short Sale Extensions; Servicers Review Processes
NEW FHA MIP Updates Go Live on Monday; Flood Insurance Officially Extended; Lots of Lender Bulletins
NEW Chase Suspends Foreclosures; Loan Originators Victim of NMLS Scam; Low FICO Score Homebuyers; Commissions Swapped for Salaries
NEW Response to Rapid Refi Rumors; Wells Exec Speaks Out on Future of Mortgage Industry; Lock Desks Look for Loans; PMI Max LTV Increased
NEW Housing Supply vs. Housing Demand vs. Population Growth; Retained Credit Risk and Non-Agency Loan Securitization; Uniform Dataset Delivery
NEW Rural Housing Refi Funds Exhausted; HAMP Loan Mods vs. Non-Hamp Mods; Minimum FICO Score Update; Credit Unions Seized by Regulators; HECM Guidance
NEW National Flood Insurance Program Extended, Pending Presidential Signature; Foreclosure Process Articles; Too Much Home Price Data;
NEW Flood Insurance Program Deadline; Uniform Appraisal Data; New Reverse Mortgage Product; Foreclosures in Judicial States; GSE REO
NEW Servicing Values, AOTs vs. Direct Trades, Profit Margins and Rate Sheet Pricing
NEW GMAC Temporarily Suspends Foreclosures in 23 States; Discover Entering Mortgage Biz?; HMDA Data; New DU Version 8.2; Prop 4 in Florida
NEW Broker Originations Dry Up; 120-Day Credit Inquiry Guideline; HVCC News; Bank Closings; PMI Removes 25 Distressed MSA's
NEW More USDA Rural Housing Confusion; Fannie and Freddie Cost Estimates; FHA High Loan Balance Max DTI; Homeowner Outlook
NEW Originator Compensation Conference Call; Reducing Fraud with Freddie; AOTs vs. Direct Trades; Fannie Mae Econ Outlook; New Relock Policies
NEW FHA Underwater Refi Option; MBS Issuance; TBW & Freddie Mac Relief Open Access; Wells Buying USDA Product; PHH and JP Morgan Loan Purchase Agreement
NEW BofA's $20 Billion Buyback Issue; MDIA Impact at Month-End; Preparing for an Audit; Jumbo Loans on the Radar;
NEW Bad Mortgage Loans Almost Behind Us?; Lending Tree vs. Zillow; More on Self-Employed Borrowers; RESPA Tolerance Defects; FHA MIP Updates
NEW Extending Credit to Self-Employed Borrowers; FDIC Sells Delinquent Loans; Brokers Ordering FHA Case Numbers; 2nd Credit Pulls
NEW Flagstar Cutting Warehouse Lines; Section 502 Loans Move Ahead; Increase in Corporate Debt Issuance; Prepayment Speeds Faster
NEW Potential Spot to Shelf Jumbo Loan Paper; FHA Q&A on Condo Recerts; Buyback Breakdown; Lots of Lender Updates
NEW Zero-Down Payment Programs; New FHA Mortgagee Letter; Does the Value of Servicing Warrant Retaining It?
NEW Banks Prefer Cash Buyers in REO Sales; Freddie Mac Streamline Refi Program; Originator Capacity Constraints; Comments on Property Flipping
NEW Litany of Investor Bulletins: Mortgage Insurance, Appraisal Photos, Originator IDs, Incomplete GFEs, 203(b)'s, Reserve Requirements, No More ARMs
NEW Another Review of Originator Compensation Regs; Loan Programs That Don't Require an Appraisal; JP Morgan Cuts Deal to Reduce Buyback Exposure
NEW New FHA MIP Structure to Slow Streamlines; Appraisal Adjustments; GSE MBS Issuance in July; FDIC Transparency; Update on Non-Agency Paper
NEW Originator Compensation Guidance Offered by Lender; Common Reasons for Buyback Requests; Servicer Rankings; Warehouse Line News; Investor Updates
NEW Talk from the Trenches: Loan Pricing Margins Getting Crushed as Rally Persists; "Bad Loan Biz" Doing Well; FHA Steamline Product; Buybacks and Credit Overlays
NEW HAMP's Political Intentions;More Rural Housing Confusion; Investors Shy Away From Property Flipping; Credit Overlays
NEW HAMP Fallout Quadruples; FHA Condo Recertification Requirements; Rapid Refinance as Means to Distribute Money Around the Economy;
NEW Homeownership: Deed of Trust vs. Mortgage; Applying the Definition of Loan Originator; New FHA Jumbo FICO Floors; HOA Certs; Revised DTI Regs
NEW FHA Insures High Cost Multi-Family Housing Development; Taylor Bean Buyouts Impact Prepay Speeds; Non-Agency Delinquency Rates; REO Inventory;
NEW Homeowner Confidence Declines; Census Bureau Shares Housing Data; NY Fed Discusses the TBA MBS Market
NEW Fannie Mae 125% CLTV Product; Feedback on "All Cash" Real Estate Purchases; Updates from Flagstar, Wells, GMAC, Chase, FAMC
NEW Yield Spread Chatter; HARP Comments; SAFE Act Training; More GFE Errors
NEW Reg Z Rules and Proposals Galore; Closing Costs Higher; Freddie Gives Clients "Greater Flexibility"; Fannie Discusses Hardships
NEW More Loan Buyback Comments; MI Rescission Help; Bank MBS Holding Stats; Mortgage Fraud
NEW Mixed Feedback on Buybacks; More Home Buyers Paying with Cash; Fannie Mae Seller Guide Update; Commercial MBS Deal