Wed, May 11 2011, 10:52 AM
Regardless of what my kids say,
this commentary hasn't been around long enough to have ever been written by
candlelight. But starting next year I wi...
Tue, May 10 2011, 10:31 AM
Yesterday
I went through denial, anger, bargaining, depression, and acceptance - which
are now the 5 stages of buying gas.
Incidents of mortga...
Mon, May 9 2011, 10:22 AM
Today the village of Plato, Mo.,
(population 109) will celebrate its selection as the "2010 Census Center
of Population" with a little party. "The m...
Fri, May 6 2011, 10:37 AM
The driving force behind Mother's
Day was Anna Jarvis, who organized observances in Grafton, W.Va., and
Philadelphia on May 10, 1908. As the annual ...
Thu, May 5 2011, 10:42 AM
Cinco de Mayo does not mark the
discovery of tequila, but instead celebrates the legendary Battle of Puebla on
May 5, 1862, in which a Mexican force...
Wed, May 4 2011, 8:47 AM
This plan
is simple, like my brother-in-law Tony. But unlike Tony, this plan just might
work.
When an
originator locks a loan with an investor o...
Wed, May 4 2011, 1:21 PM
Last month
marked the 151st anniversary of the Pony Express, the communications link from
St. Joseph to San Francisco. News and mail took 11 days (w...
Mon, May 2 2011, 9:18 AM
Occasionally
I receive e-mails that are worth saving. Like the one where someone wrote,
"Your vocabulary is as bad as, like, whatever." And some web...
Fri, Apr 29 2011, 11:18 AM
Do boom
and bust cycles in real estate only happen in the United States? Of course not: Boom&Bust
Here's a campaign hitting the public: Zillo...
Thu, Apr 28 2011, 10:32 AM
Fun with
numbers: Freddie Mac's mortgage delinquencies on single-family homes declined
in March from both month- and year-earlier levels. March's de...
Wed, Apr 27 2011, 9:58 AM
Huh? Maybe Freddie and Fannie are
not going to evaporate, which many in the industry were not looking forward to
anyway: MSNBCAgencies
One se...
Tue, Apr 26 2011, 9:53 AM
The trivia
for the day is, "Your tongue is the only muscle in your body that is
attached at only one end." I bring this up because there will be ple...
Mon, Apr 25 2011, 10:14 AM
In terms
of powerful world figures, how does the FDIC's Sheila Bair stack up against
Lady Gaga or Katie Couric? ForbesList
For the 1st quarte...
Fri, Apr 22 2011, 9:40 AM
For anyone out there who thinks
the mortgage biz in the US has become confusing, spend 15 seconds scrolling
down this story on establishing the mort...
Thu, Apr 21 2011, 10:41 AM
The
percentage of jumbo business that any originator does is, of course,
very dependent on location. But what are borrowers thinking when it comes...
Wed, Apr 20 2011, 11:33 AM
Lee Farkas, the former chairman
of Taylor, Bean and Whitaker Mortgage Corp., was found guilty on all 14 charges
stemming from a seven-year, multibil...
Tue, Apr 19 2011, 11:53 AM
We now live in a world with higher annual FHA premiums. Private MI companies, of course,
are understandably quick to point out the price difference w...
Mon, Apr 18 2011, 11:11 AM
This Friday is Good Friday. But today is not so "good" for our government,
as S&P cut its US debt rating outlook to a "negative"
given the debt & ...
Fri, Apr 15 2011, 9:35 AM
Two soap operas created more than
40 years ago, who taught us not to bother getting married since it's only going
to last until next season anyway, ...
Thu, Apr 14 2011, 10:58 AM
Yesterday
Reuters ran a story saying, "A proposed rule requiring a minimum 20% down
payment on mortgages that lenders could then sell to investors w...
Wed, Apr 13 2011, 10:33 AM
Let me add a clarification to
the Ops Manager job listing from yesterday . The company is merely shifting
responsibilities as they grow, and the ...
Tue, Apr 12 2011, 10:12 AM
I continue to receive input from
the origination "trenches. "'Safe Harbor' against the steering
provisions in the new LO Compensation regulation is ...
Mon, Apr 11 2011, 11:35 AM
Western Springs National Bank and
Trust (IL) was closed Friday by the OCC, which in turn appointed the FDIC as
receiver, which, in turn, entered int...
Fri, Apr 8 2011, 10:51 AM
Rain or shine, whether or not the
US government is closed or open, the US Treasury will be open next week to
auction off $32 billion in 3-yr notes, ...
Thu, Apr 7 2011, 10:36 AM
Did the
Texas owner of the company "America's Best Mortgage and Creative
Solutions" in St. Martinville, LA get a little too "creative"?
She is accu...
Wed, Apr 6 2011, 9:43 AM
Under the just-made-up category
of "If you can't build 'em, join 'em," Beazer Homes USA is
officially entering the rental business , as the home bu...
Tue, Apr 5 2011, 9:37 AM
Mark
Twain wrote, "The only difference between a tax man and a taxidermist is
that the taxidermist leaves the skin."
It is "tax time" for many
...
Mon, Apr 4 2011, 9:55 AM
Buffalo
Springfield wrote, "There's something happening here, what it is ain't
exactly clear..." But there is one movement that appears to be cleare...
Fri, Apr 1 2011, 4:04 PM
Yes,
the earlier commentary was the yearly April Fool's edition. But in the
"truth is stranger than fiction" category, the U.S. Court o...
Fri, Apr 1 2011, 2:35 PM
On the eve of being enacted, in a
surprise move, Senator Dodd called on Congress to rescind the Dodd-Frank
legislation , saying the rules and regul...
Thu, Mar 31 2011, 9:53 AM
Here's one succinct note that I received regarding Reg. Z: "I am really sick of this comp crap." Another
wrote, "Next week will be very exciting, a...
Wed, Mar 30 2011, 9:56 AM
Harkening back to the Prius'
brake recall issue, this bumper sticker was seen: "TOYOTA: Once you drive
one, you'll never stop." Pun aside, I would i...
Tue, Mar 29 2011, 9:53 AM
How much house is too much house in Michigan? 50 cent is only half of a dollar.
Today the FDIC Board will vote on a credit risk-retention prop...
Mon, Mar 28 2011, 10:30 AM
Did
anyone from your county move in 2008? It is not my job to keep track of them -
but someone does. Privacy issues aside, Realtors may find this in...
Fri, Mar 25 2011, 10:22 AM
According to a story in the Financial
Times , "The five biggest US mortgage servicers were told this week
at a private meeting with regulators ...
Thu, Mar 24 2011, 9:46 AM
Six Federal agencies have to sign
off on the QRM provisions, and apparently the first will be early next week. Early
next week the FDIC opines on, "...
Wed, Mar 23 2011, 11:34 AM
What am I
hearing out there? I am hearing, not officially, that wholesale reps are having
trouble drumming up business from brokers. Production esti...
Tue, Mar 22 2011, 9:49 AM
The U.S. Treasury announced that it will
begin an "orderly wind down" of its $142 billion MBS portfolio over
about 1 year by selling roughly $10 bil...
Mon, Mar 21 2011, 10:47 AM
Last Thursday, while on a tour of the Chicago Mercantile Exchange, my
son and I met and chatted with Rick Santelli, who many know as CNBC's
financ...
Fri, Mar 18 2011, 10:13 AM
What does Chase think
about a U.S. proposal to exempt certain mortgages from rules governing
securitized loans? That it may unintentionally help t...
Thu, Mar 17 2011, 11:30 AM
Don't forget to wear a little
green today. Everyone here in Chicago knows that St. Patrick is best known for
introducing Christianity to Ireland in ...
Wed, Mar 16 2011, 10:34 AM
Lenders that act as both mortgage brokers and mortgage bankers need to pay
attention to this recent court ruling, noted by law firm BuckleySandler .
...
Tue, Mar 15 2011, 10:44 AM
The earthquake in Japan is no
laughing matter. Just ask Aflac - it fired comedian Gilbert Gottfried as the
voice of its duck after a series of Twitt...
Mon, Mar 14 2011, 11:44 AM
In the
old days, Realtors' advertising was simple and straightforward. Maybe
even "old fashioned." Now? RealtorRap
Wouldn't it be somethi...
Fri, Mar 11 2011, 11:10 AM
In a story that first broke on Mortgage
News Daily's MBSonMND live chat yesterday morning, Dave Stevens has
resigned from his position as FHA c...
Thu, Mar 10 2011, 12:51 PM
For some time now, a foreclosure settlement has been in the
works. In yet another leaked report, the supposed proposals that state
attorneys gener...
Wed, Mar 9 2011, 10:53 AM
Remember today is Ash
Wednesday, the first day of Lent.
This
commentary has made comments in the past about how reverse mortgage originators
c...
Tue, Mar 8 2011, 9:58 AM
This is
kind of exciting: a new website. It was created by home builder Lennar, showing
how/why buying a new home is better than buying a foreclosur...
Mon, Mar 7 2011, 11:38 AM
Late in 2010, mortgage bankers
seemed to be scrambling for warehouse lines. Now that things have quieted down
need-wise, how is the warehouse biz do...
Mon, Mar 7 2011, 11:15 AM
In
speaking to various groups, one question that always comes up is whether or
not 30-yr mortgages are going away . After all, most other countries...
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