Jan. 18, 2012: Wells’ mortgage earnings indicative of industry? HUD to limit appeals? Kroll & Redwood Trust’s deal; CFPB & appraisal fees Rob Chrisman
The Federal Reserve does other things besides keep overnight Fed Funds at 0% for years at a stretch. It releases some interesting stats on mortgages that, if you need a filler for a presentation you’re doing, might come in handy – you’ll notice mortgage debt dropping: http://www.federalreserve.gov/econresdata/releases/mortoutstand/current.htm.
“Rob, I don’t think that many in the business have an awareness of how Basel III will impact banks, and therefore mortgages and servicing, and therefore mortgage pricing for consumers.” I tend to agree, although I am trying to alert folks about the possible ramifications. Here is the latest: http://www.cnbc.com/id/45988683.
Basel III is expected to be the norm for banks around the world, which brings up the question, “How do borrowers finance their homes in other countries?” There is an in-depth look at this – click on the link near the top right at
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