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...
Fri, Mar 4 2011, 11:10 AM
My computer is back up and
operational. It turns out that running two virus security systems
simultaneously pretty much shuts down your computer - I...
Wed, Mar 2 2011, 11:44 AM
Merrill Lynch/BofA's analysts
took a look at HARP, and whether or not it should be extended. The FHFA
has a number of choices regarding HARP. "We se...
Tue, Mar 1 2011, 9:49 AM
These 13 pages should
help in answering some of the compensation questions out there: MBAQ&A
The Q&A document noted above was
published by ...
Mon, Feb 28 2011, 10:21 AM
"Qualified Residential Mortgages" is not an everyday topic of conversation but perhaps should be .
Who is going to have "skin in the game"? Here is ...
Fri, Feb 25 2011, 10:03 AM
A servicing
"settlement", mentioned yesterday, certainly has the
industry roiled - especially BofA and Wells Fargo, who together service nearly
$4...
Thu, Feb 24 2011, 10:47 AM
Whoever thought that loan servicing would be so exciting? If
you think that a servicer earning 25 basis points every year is earning
too much if ...
Wed, Feb 23 2011, 11:01 AM
Originators and borrowers are often faced with the "rent versus own" question, with varying results. Here is an INTERACTIVE CALCULATOR
Homeo...
Tue, Feb 22 2011, 9:47 AM
What is the public hearing and seeing regarding the April Fool's Day changes?
"Starting April 1, under a new compensation rule from the Federal
R...
Fri, Feb 18 2011, 10:57 AM
There's a saying, "We are born naked, wet, and hungry. And then things get worse." But perhaps, just perhaps, smaller mortgage brokers and bankers won...
Thu, Feb 17 2011, 9:52 AM
They've barely cleaned up the confetti from the Super Bowl parade, and already baseball's spring training is upon us. Here is something non-mortgage r...
Wed, Feb 16 2011, 11:06 AM
The jumbo market is taking baby steps in the right direction. Redwood Trust Inc .
is marketing a $280 million residential mortgage-backed security,...
Tue, Feb 15 2011, 11:17 AM
MERS is not allowed to transfer mortgages, and cannot act as an agent of the banks that own mortgages?
So ruled a judge in New York, who added that...
Mon, Feb 14 2011, 10:19 AM
Valentine's Day...Opinions differ as to who was the original
Valentine but the most popular theory is that he was a clergyman who was
executed for...
Fri, Feb 11 2011, 12:37 PM
Word had certainly leaked out about the proposals for Freddie and Fannie that have come out this morning . Reuters broke out a set of options yesterd...
Thu, Feb 10 2011, 9:55 AM
The latest comp news comes from the National Association of Mortgage
Brokers (NAMB), which, through a call-in campaign, apparently has
spurred on ...
Wed, Feb 9 2011, 10:50 AM
Some confusion and conjecturing may end on Friday, when the plan for Freddie and Fannie are presented ...
"U.S.
Treasury Secretary Timothy F. G...
Tue, Feb 8 2011, 11:00 AM
Scott Garrett, the chairman of the House Financial Services subcommittee
on capital markets and government-sponsored enterprises said that the
U.S...
Mon, Feb 7 2011, 10:49 AM
The
government has flown past its January 31 deadline for a proposal on the
future of Freddie and Fannie, and things may drone on for a while. For...
Fri, Feb 4 2011, 11:39 AM
Occasionally
I am asked by someone to show them "the life of a loan". Here ya go: Life of a Loan
Let's see... the US government helps out Bo...
Thu, Feb 3 2011, 11:58 AM
Yesterday I was speaking to a regional production manager for a large
investor about business conditions for mortgage brokers and bankers. He
summ...
Wed, Feb 2 2011, 11:59 AM
On to Part VII of compensation Q&A - remember that company's
individual policies may differ from these to some extent, as there is
still a lot of ...
Tue, Feb 1 2011, 9:52 AM
Well, not that the market has turned, but the amount of chatter out
there in the ranks about ARM loans is increasing by the day. Maybe folks
are b...
Mon, Jan 31 2011, 9:38 AM
It is the last day of January already? Time flies. This year we have 4
unusual dates: 1/1/11, 1/11/11, 11/1/11 and 11/11/11. Is it a
coincidence t...
Fri, Jan 28 2011, 10:26 AM
We're on to Part IV of the LO compensation series, noting the Fed's
responses to the MBA's questions. Remember that company's individual
policies ...
Thu, Jan 27 2011, 9:57 AM
Stories in today's Pipeline Press: Part 3 of the Fed answers to the MBA's list of questions. Cross Channel Envy. There is always a program or underwri...
Wed, Jan 26 2011, 10:00 AM
Yesterday I passed along Part 1 of a Q&A dialog between the MBA
and Federal regulators (although SunTrust distributed it to its broker
clients). H...
Tue, Jan 25 2011, 12:14 PM
Fannie and Freddie Foreclosure Inventory Over 240,000 Properties; Fed Responds to Originator Comp Questions; NMLS Uniform Licensing Forms
Mon, Jan 24 2011, 9:41 AM
Lots of Lender Updates; MERS Leadership Change; Job Openings; Wells on Originator Compensation; Bank of America Legal Fees
Fri, Jan 21 2011, 11:22 AM
Originator Compensation FAQs; Loan Putbacks Bruise BoA; Foreclosures Pinch PNC Profits; Servicer Watchdogs; Lender Updates
Thu, Jan 20 2011, 10:59 AM
Realtor Influenced Settlement Costs; The Future of Fannie and Freddie; New Mortagee Letters; Wells Fargo Q4 Loan Production
Wed, Jan 19 2011, 9:57 AM
Freddie Mac Eliminates Streamline Refi Product; Wells Fargo & U.S. Bank Earnings Recap; Plan B for 2011; Lender Bulletins
Tue, Jan 18 2011, 10:30 AM
Quality Control Review Requirements; JPM Chase Mortgage Banking Earnings; Safe Act Reminder; Loan Officer Comp. Conference Call; Lender Updates
Fri, Jan 14 2011, 12:04 PM
New LLPA's Implemented by Lenders; Flagstar Jumbo Product Offering; JPM Chase Earnings; Plethora of Investor Bulletins
Thu, Jan 13 2011, 9:46 AM
Income Verification Verbiage from Dodd-Frank Bill; Ginnie Mae Net Worth Requirements; Feedback on Reverse Mortgages; MBIA Downgraded
Wed, Jan 12 2011, 11:17 AM
Barclays Sees Sharp Slowdown in Prepayment Speeds & No Ease in UW Guidelines; Loan Fraud in South Florida; Reverse Mortgage Volume Down
Tue, Jan 11 2011, 11:26 AM
Amherst Explains Massachusetts Foreclosure Reversals; More on Citi's Originator Compensation Guidance; Lots of Lender Updates
Mon, Jan 10 2011, 9:01 AM
Risk Retention Regs Delayed; Citi Shares Perspective on Originator Compensation; Massachusetts Foreclosures Reversed
Fri, Jan 7 2011, 12:35 PM
Loan Officer Licensing Linked to Credit Reports; Fannie Mae UMDP Training Schedule; Pipelines Thin Out; USDA Update
Thu, Jan 6 2011, 12:43 PM
Good and Bad Feedback on NMLS Process; 2nd Liens on the Move; Another Contractor Mistaken Levels Wrong Home, Texas Cash-Outs
Wed, Jan 5 2011, 12:47 PM
112th Congress Seated; Primary Dealer List Expected to Grow; Bearish Home Price Outlook; Preparing for CMBS Issuance; New Mortgagee Letter
Tue, Jan 4 2011, 10:36 AM
Four Housing Issues to Watch in 2011; Quarterly NMLS Call Reports; Budget Debate Looms; BoA Buyback Resolution Feedback
Mon, Jan 3 2011, 10:37 AM
Loan Officer Professional Privacy Gone; New Mortgagee Letters; Covered Bonds Coming?; BoA Settles with GSEs. Allstate & MBIA Still Suing;
Fri, Dec 31 2010, 10:34 AM
A Poem to Sum Up the Year in Mortgage Lending. Happy New Year!
Thu, Dec 30 2010, 11:03 AM
FTC Blocks Loan Mod Consultants from Collecting Upfront Fees; 3Q Loan Production Stats; Florida Extends L.O Licensing Deadline; Unrealized Losses
Wed, Dec 29 2010, 10:50 AM
Reverse Mortgage Primer; Feedback on Originator Licensing Backlog in California; More Risk-Based Pricing Disclosure Updates
Tue, Dec 28 2010, 10:52 AM
Ally and Fannie Mae Agree on Loan Repurchase Resolution; HUD Violations Listed; California Behind on Originator Licensing Applications
Mon, Dec 27 2010, 10:36 AM
Fannie Updates CLTV LLPAs; NMLS Originator ID Reminder; Fair Credit Risk-Based Pricing Regulations; Amtrust Name Change
Thu, Dec 23 2010, 9:40 AM
Private Mortgage Insurance Tax Deductions Extended; ARM Disclosures Updated; Calyx Bundles LOS Services; Wells Comments on Compensation
Wed, Dec 22 2010, 10:50 AM
The "Urgent Need" for National Servicing Standards; CRA Definitions Updated; Freddie Mac Delinquency Data; Basel III Not Too Bad?
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