Wed, Oct 1 2014, 10:50 AM
When
I was young, my parents taught me that my income was my own business,
and talking about wages and bonuses with others never did anyone any
...
Tue, Sep 30 2014, 11:00 AM
How did we arrive at the end of the 3 rd
quarter so quickly? It has been filled with legal news about the
financial services sector right up to...
Mon, Sep 29 2014, 10:23 AM
Is it against the law for an employer to provide
an employee with better-than-market rates? KPMG hopes not . And the only thing I could find employ...
Fri, Sep 26 2014, 10:44 AM
I don't know what you earn on your savings in
the bank, but I earn about 0%. I think plenty of others do as well, and
plenty of others are thinkin...
Thu, Sep 25 2014, 11:23 AM
A
Harvard study tells us that 35% of American households (both homeowners
and renters) spend at least 30% of their pre-tax income on housing
cos...
Wed, Sep 24 2014, 10:49 AM
I
like to put my money to work. I could earn some decent dividend returns
(3-4%) if I buy some Exxon, or AT&T. Or maybe I should start
loaning m...
Tue, Sep 23 2014, 10:58 AM
It would be nice to think that fraud in any industry doesn't exist - but it does. And a story in the Los Angeles Times
reminds readers that frau...
Mon, Sep 22 2014, 10:14 AM
I've been hearing it for a while, "the market is slow, and home appreciation is stagnant." But here in South Carolina, for example, many markets are o...
Fri, Sep 19 2014, 10:41 AM
Arrgghh...
I read in Pirate Quarterly that you could take the entire human
population of the earth, put it inside of Texas, and it would still be ...
Thu, Sep 18 2014, 10:59 AM
Peter
Drucker opined, "Management is doing things right; leadership is doing
the right things." The Federal Reserve sure wants banks that lend mon...
Wed, Sep 17 2014, 11:00 AM
Want
some numbers that none of us will remember, but that are indicative of
demographic trends that won't help lending? In 2010, households headed...
Tue, Sep 16 2014, 10:43 AM
How
can we move forward as an industry when we can't even agree on how to
pronounce the acronym for Truth-in-Lending? I have heard "TILA"
pronou...
Mon, Sep 15 2014, 9:51 AM
Lead generator Intermundo Media, LLC has agreed to pay $500,000
to settle charges by the Federal Trade Commission (FTC) that it falsely
adverti...
Fri, Sep 12 2014, 10:30 AM
The
Community Reinvestment Act is certainly full of policies and
procedures, and you might have a new set of them to contemplate. Using
the Fe...
Thu, Sep 11 2014, 10:40 AM
In preparing to write a small blurb about the Unmarried and Singles Week
that starts in 10 days, which, as best I can tell, is nowhere near
Vale...
Wed, Sep 10 2014, 10:55 AM
The
city of San Francisco has 121 square kilometers (about 47 square
miles). The Dallas-Ft. Worth Airport's area is about 70 square
kilometers, ...
Tue, Sep 9 2014, 10:42 AM
First
time home buyers include more than just Millennials - see the note a
few paragraphs down. The group includes recent immigrants, newly
divo...
Mon, Sep 8 2014, 10:31 AM
Here
at the Pacific Northwest Lenders conference in Portland, a big topic of
conversation is, like it is everywhere, regulation. Understandably
...
Fri, Sep 5 2014, 10:35 AM
There's
a lot of data swirling around the demographic black-hole of lending
known as "the Millennials." I've come to the conclusion that this is
...
Thu, Sep 4 2014, 1:51 PM
A Synergy survey finds Gen Y find the following to be the most important bank features and services: ease of
doing business (88%), continual access...
Wed, Sep 3 2014, 9:33 AM
September...
ugh. Most latitudes in the U.S. are losing 2-3 minutes a day of
daylight; in Anchorage they lose 5-6 minutes a day, Key West only abo...
Tue, Sep 2 2014, 10:30 AM
If you don't open up one other link in this e-mail, at least open this link to a photo of a sign that surely has applications to residential lending...
Fri, Aug 29 2014, 10:11 AM
Cleverness
is alive and well in lending, and the "free Russian cat with your loan
funding" story yesterday brought a few e-mails. Chris L. contrib...
Wed, Aug 27 2014, 12:12 PM
The
month-end funding push is in full swing. There are plenty of jumbo
loans on the Atlantic and Pacific Coasts (providing fodder for the
smat...
Tue, Aug 26 2014, 10:04 AM
Counterparty
risk continues to be a BIG DEAL, and word broke yesterday of a huge
title agency defalcation in Georgia. (Defalcation: an amount of f...
Mon, Aug 25 2014, 11:32 AM
All
this hope (hype?) that the mortgage industry is placing on the
Millennials to bolster volume makes my head spin. (Scholars can't even
agree ...
Fri, Aug 22 2014, 11:33 AM
The race to the bottom, in terms of guidelines or razor-thin pricing margins , prompted on industry vet to send me, "There's a lot of space in the mo...
Thu, Aug 21 2014, 11:28 AM
A credit report is enough to completely steal a person's identity . It is? Does it take a few weeks? No - it takes 3 minutes .
And we wonder why...
Wed, Aug 20 2014, 10:19 AM
The CFPB released a bulletin outlining expectations for mortgage servicers that transfer loans;
bulletin includes information on how mortgage se...
Tue, Aug 19 2014, 10:42 AM
It
is fun to see that U.S. homebuilder confidence rose to a seven-month
high, primarily driven by lower mortgage rates and an improving jobs
mar...
Mon, Aug 18 2014, 10:59 AM
Say
what you will about Zillow (and people do), the firm does not fall
short as a driver of information. As many in the industry are preparing
t...
Fri, Aug 15 2014, 11:32 AM
Guess
what opened up on this date 100 years ago? No, it wasn't the first
Starbucks. The Panama Canal opened. Do you think the mortgage industry
...
Thu, Aug 14 2014, 9:47 AM
Here's
a story for the guys in IT. In "the old days" hotel rooms actually had
keys, and hotels didn't have computers. But now most hotels are reli...
Wed, Aug 13 2014, 10:47 AM
"The Bureau found that Amerisave lured consumers
by advertising misleading interest rates, locked them in with costly
up-front fees, failed to h...
Tue, Aug 12 2014, 10:47 AM
Under
the "misery loves company" category for those in the residential
lending business, it is interesting to watch the media focus shift onto
t...
Mon, Aug 11 2014, 10:40 AM
Most
professional baseball teams still have 30+ games left in their season
(out of 162), and there is plenty of jockeying in the media regarding
...
Fri, Aug 8 2014, 10:45 AM
Mergers continue - and every one of them hopes it works out (and not like the cover of The Economist
titled "The Trouble with Mergers"). New York ...
Thu, Aug 7 2014, 11:18 AM
Ah
yes, it's almost that time of year again when the first "Back to School
Sale" signs start going up; children everywhere get that 'time is
run...
Wed, Aug 6 2014, 10:56 AM
HUD recently took took action against
a California lender for "denying or delaying mortgage loans to women
because they were on maternity leav...
Tue, Aug 5 2014, 10:59 AM
The homeownership rate in
the US fell again last quarter, to 64.7%, the lowest rate in almost 20
years . Separately, the rental vacancy rate fe...
Mon, Aug 4 2014, 10:44 AM
Are you an appraiser ? Maybe you should be honored: there are fewer and fewer of you every year, and your ranks are down to 80,500 nationwide . Ther...
Fri, Aug 1 2014, 11:28 AM
People
need to use their heads once in a while. Circulating in the e-mail
world is a claim: "This is the only time in your life you will see this ...
Thu, Jul 31 2014, 12:10 PM
The Office of the Comptroller of the Currency tells us that 13 out of every 14 mortgages (93.1%) in the United States were "current and performing"
...
Wed, Jul 30 2014, 10:18 AM
There
are plenty of ways to divvy up people (those who like soggy cereal,
those that don't, those that can form their tongue into an "o", and
th...
Tue, Jul 29 2014, 11:19 AM
My
plan has always been pretty simple with my children: feed and clothe
them in a loving home, make sure they get a college education followed
b...
Mon, Jul 28 2014, 10:36 AM
How
is it that this is the last week of July already? Lots of lenders seem
to have seen decent Julys - but perhaps not as strong as some of their ...
Fri, Jul 25 2014, 11:09 AM
"Rob, you have mentioned before that you are beginning to see some companies' volumes slowing down, and maybe even some lay-offs .
Is that still ha...
Thu, Jul 24 2014, 9:53 AM
For LOs who feel "enough is
enough" with regard to the proposed Pre-Licensure Education Expiration Policy on education, timelines, and requirement...
Wed, Jul 23 2014, 10:49 AM
Captain
Obvious likes to say, "Home prices don't always go up." It's probably a
cliché at this point, but it's better than the, "Buy as much home ...
Tue, Jul 22 2014, 9:50 AM
What, if anything, is putting a crimp in expected loan
production? Perhaps the CFPB's QM rules are indeed restricting
residential lending. In one...
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