Wed, Oct 7 2015, 9:43 AM
How
long has your staff been on their jobs? The Fed has kept short term
rates unchanged for 6 years and 9 months at this point. Does your senior
...
Tue, Oct 6 2015, 10:22 AM
It
is not an issue of "if", but "when". The ABA said it suffered a
cyberattack of its online shopping cart and at least 6,400 user records
h...
Mon, Oct 5 2015, 9:08 AM
"Well
I know a pretty little place in Southern California, down San Diego
way. There's a little café, where they play guitars all night long babe,...
Fri, Oct 2 2015, 10:32 AM
TRID
arrives tomorrow, put into business practice on Monday. And the
industry wonders if, since under the Dodd-Frank financial reform law the
CF...
Thu, Oct 1 2015, 9:59 AM
Today I am in transit to Virginia Beach for the VMLA Annual Convention ,
October 1-2. How did we end up in October already? Certainly the
seasons...
Wed, Sep 30 2015, 10:25 AM
Do
you have fewer competitors than you did a few years ago? A recent MBA
Chart of the Week highlighted HMDA respondents and found that in 2014,
...
Tue, Sep 29 2015, 10:29 AM
Let's
start off with a little quiz that I gave to my cat Myrtle. There are
four business days left until a) Y2K b) New LO comp rules C) QM d) The ...
Mon, Sep 28 2015, 9:27 AM
For something relevant to real estate agents, LOs, and travelers, the U.S. Census Bureau has updated its World Population Clock
to include country...
Fri, Sep 25 2015, 10:35 AM
"Rob,
do you think that the CFPB is involved in monitoring price gouging by
companies of any sort? For example, I read about a drug company that...
Thu, Sep 24 2015, 10:41 AM
Just what our industry needs: another reminder for the public to think about the problems we had in the past. This time it is a Christmas-time movie ...
Wed, Sep 23 2015, 10:48 AM
How bad is the housing market in San Francisco, California? Well, here's a "beauty" that is on the market for $350,000 . Run that one by any investor...
Tue, Sep 22 2015, 10:55 AM
This
morning I am in Detroit, which has seen its share of population
movement. The Census Bureau has released statistics for movers between
met...
Mon, Sep 21 2015, 10:01 AM
We've
only just begun... Excellus BlueCross BlueShield reports cyber attackers
have hacked its systems and that 10 million people have been affec...
Fri, Sep 18 2015, 10:58 AM
"Recent
global economic and financial developments may restrain economic
activity somewhat and are likely to put further downward pressure on
in...
Thu, Sep 17 2015, 10:04 AM
I bet for every person a company has dedicated to stopping cybercrime
there are 10 somewhere else trying to perpetrate it. Just yesterday I
rece...
Wed, Sep 16 2015, 11:55 AM
You can now review every federal agency ( even the CFPB ) on Yelp. There is an agreement in place that allows agencies to claim pages and respond to r...
Tue, Sep 15 2015, 9:48 AM
A recent MBA Chart of the Week
focused on the Independent Mortgage Banks net production income and
purchase share. The independent mortgage ba...
Mon, Sep 14 2015, 10:11 AM
One
of the problems with servicing loans in Hawaii, or even for
"mainlanders" originating loans there, is name pronunciation. How does
someone f...
Fri, Sep 11 2015, 10:15 AM
Is the residential loan officer job at a bank
going to go the way of the pinsetter in a bowling alley, the guy who
delivered blocks of ice for the...
Thu, Sep 10 2015, 10:22 AM
For
those who follow legal news, and those interested in not only "blowing
the whistle" on other companies but also in "ratting out" co-workers an...
Wed, Sep 9 2015, 9:42 AM
Yes, this commentary posts job and product announcements, and there are some today. But here's a tip, job-seekers: be careful about what you send to ...
Tue, Sep 8 2015, 10:33 AM
Unfortunately
I continue to receive e-mails asking complex TRID questions, better
directed to investors or the CFPB, about regulatory details, the...
Fri, Sep 4 2015, 10:58 AM
Back
to school? The U.S. Census Bureau has come to the rescue with a lot of
forgettable numbers - but those actuary and statistics majors have to ...
Thu, Sep 3 2015, 11:39 AM
“Papa
was a rolling stone. And all he left us was a loan, loan, loan..."
Liberties with the Temptations lyrics aside, it has been 43 years ago
t...
Wed, Sep 2 2015, 10:36 AM
Wells Fargo Funding's clients received a note yesterday that is of use to the entire industry involving a scam impacting the mortgage settlement proc...
Tue, Sep 1 2015, 9:34 AM
Slowly
but surely the residential lending industry is trying to turn the tide
in the public's mind about the home financing process - as noted in ...
Mon, Aug 31 2015, 9:20 AM
Darned
if I know how we're at the end of August already, with kids are heading
back to school and the NFL all over sports programs. One thing that...
Fri, Aug 28 2015, 12:14 PM
I, being a capital markets guy, was very interested in the MBA sending a comment letter
to the Basel Committee on its proposal, " Interest Rate Ri...
Thu, Aug 27 2015, 9:52 AM
What's the difference between apathy and ignorance? I don't know and I don't care.
The odds are pretty good that practically every residential lende...
Wed, Aug 26 2015, 3:03 PM
Wildfires
in the west have already burned more than 7 million acres . (To put
things in context, the entire state of California has about 101 mil...
Tue, Aug 25 2015, 2:52 PM
There is nothing like some bond market volatility to drive up hedge costs and push down secondary marketing results, right?
Capital markets depart...
Mon, Aug 24 2015, 11:02 AM
"In
the physical sciences, knowledge is cumulative. In the financial
markets, it is cyclical." I was reminded of this by Brent Nyitray, CFA
and ...
Fri, Aug 21 2015, 9:37 AM
What does the CFPB think of residential lenders? One indication might be the videos of borrower horror stories
posted on its website. I, for one, ...
Thu, Aug 20 2015, 9:03 AM
I
continue to hear about the overkill in paperwork as lenders attempt to
cover their collective "assets" against potential liabilities. But that
...
Wed, Aug 19 2015, 9:10 AM
Yesterday
the commentary noted how jumbo lending was alive and well, at least for
depository banks. Zillow recently analyzed what areas would be m...
Tue, Aug 18 2015, 10:34 AM
Under
the "fun with numbers" category, several readers wrote in yesterday
regarding the CFPB's semi-annual numbers: "The report noted that during ...
Mon, Aug 17 2015, 9:58 AM
Thank you to Mark Baker with Cardinal Financial sent over a story about dear people who live in fancy tiny houses . An appraiser's nightmare or a Mil...
Fri, Aug 14 2015, 10:19 AM
The
fact that outstanding auto loans have passed the $1 trillion mark is
garnering headlines, as well as Ohio's vote on legalizing marijuana and...
Thu, Aug 13 2015, 10:01 AM
"Texas alone accounts for 15% of all new single family homes built in the United States." I find this factoid interesting on a number of levels, an...
Wed, Aug 12 2015, 11:37 AM
”Rob,
I've heard that the fines that a company pays to the CFPB are tax
deductible. So therefore the money is just transferred from one
governme...
Tue, Aug 11 2015, 11:25 AM
Is it really easier to get a mortgage these days? Well... After mortgage backers Fannie Mae and Freddie Mac clarified their credit qualifica...
Mon, Aug 10 2015, 10:26 AM
I
am currently in the Pacific Daylight Time zone for the Mortgage
Collaborative conference near San Diego. Do time zones ever make the
headlines...
Fri, Aug 7 2015, 11:32 AM
Yesterday
I attended the California Association of Mortgage Professionals
conference in Southern California, and was talking to a buddy who works ...
Thu, Aug 6 2015, 11:16 AM
Housing discrimination can come in many forms - but based on who your friends are? Thank you to Thomas Michel who sent along this story about how Fa...
Wed, Aug 5 2015, 11:26 AM
Demand
for a wide range of consumer and commercial loans increased in the
second quarter, according to a Federal Reserve survey of senior loan
o...
Tue, Aug 4 2015, 10:35 AM
Regina Lowrie from RML Advisors
answers the question, "How should we handle the title insurance
companies, escrow companies and closing attorney...
Mon, Aug 3 2015, 10:17 AM
A
big topic at last week's MBA Hawaii annual conference was change in
the industry. As if residential lending doesn't have enough changes all
th...
Fri, Jul 31 2015, 10:20 AM
A
rare blue moon (two full moons appearing in the same calendar month)
will be visible in the sky today for the first time in three years. We
wo...
Thu, Jul 30 2015, 10:09 AM
Fun with government numbers: approximately
52.2 million people in the U.S. participated in major means-tested
government assistance programs eac...
Wed, Jul 29 2015, 11:11 AM
I
ain't one that puts much creed into book learnin'. But somes, I'm
guessin', do. The Mortgage Bankers Association will be offering a Path to Div...
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