Aug. 30: Thoughts & letters on volumes, foreclosure laws, lower credit standards, and DPAs
If I decided to sell my emergency cache of Thin Mints, I would first have to dig up my basement floor; secondly, I would need […]
Month: August 2014
Aug. 29: Mortgage jobs; new digs for Fannie; CFPB fines tally; HELOCs on the rise – what about the old ones? More on cash vs. security sales
As we head into the last official weekend of the summer (no white shoes to formal events after Monday!), it is good to know that […]
Aug. 28: Subservicer & new jumbo product; Flagstar & the CFPB; the theory of M&A – big & small – with an MBA workshop
What’s this? The borrower receives a cat when their mortgage closes? What would the CFPB say? Will fleas lead to a class action lawsuit a […]
Aug. 27: MBA reminds industry of strong 2nd quarter; cash vs. security sales primer; new gov’t/private program for service members
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 smattering […]
Aug. 26: Mortgage jobs & training; large title firm in the news for the wrong reason; corporate debt issuance to set record?
It is more fun to talk about Millennials, and they look better in ads, but old people have needs too! At the other end of […]
Aug. 25: Mortgage jobs & subservicer audit program; what CFPB consent order might tell us; decent housing numbers continue
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 on […]
Aug. 23: The BofA settlement won’t help investors return; mini-corr legal update; can employees receive bonuses on closings?
Elliot F. Eisenberg, Ph.D., writes, “Housing sales peak in spring/summer, with price gains doing so as well. However, distressed sales, of which there have been […]
Aug. 22: CFPB’s eClosing pilot program details; homeownership counseling; PACE update; classic joke for a Friday
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 […]
Aug. 21: Mortgage jobs; Barclays-Thornburg settlement; Colorado lenders merge; every CEO should be watching BofA & Mozilo events
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. […]
Aug. 20: Mortgage jobs & programs; CFPB issues servicing rules & annual CARD, HOEPA, & QM adjustments; upcoming events
Here is something a little unusual. With an eye on possible Christmas presents, for something non-mortgage related here is a gun that shoots a small […]