Fri, Oct 21 2016, 10:11 AM
As thousands of folks prepare to head to Boston for the MBA’s conference, they may be asking, “What’s in my wallet?” Maybe a little less. The average ...
Thu, Oct 20 2016, 10:13 AM
Flying to Boston for the MBA’s conference? Here’s a view you won't see. But probably a more important question is, "Is your cyber secure?" The FFIEC j...
Wed, Oct 19 2016, 10:35 AM
The management teams at residential lenders across the nation have begun forecasting for 2017. Of course no one wants to tell their boss that they exp...
Tue, Oct 18 2016, 10:07 AM
Stephen Covey said, “The key is not to prioritize what's on your schedule, but to schedule your priorities." Catchy. Speaking of schedules, my cat Myr...
Mon, Oct 17 2016, 10:04 AM
If you are a residential lender and volume in the 3rd quarter was up about 10% over the 2nd quarter, you’re right in line. Industry sources, including...
Fri, Oct 14 2016, 10:49 AM
We’ll be following the big bank earnings today and next week, and those banks know a thing or two about personnel changes. Research by the Society for...
Thu, Oct 13 2016, 9:43 AM
For all you mortgage execs in your 60s and 70s, who want to feel young again, you should join the YMPA: Young Mortgage Professionals Association . Nop...
Wed, Oct 12 2016, 9:51 AM
“This is a case about executive power and individual liberty. The U.S. Government’s executive power to enforce federal law against private citizens…is...
Tue, Oct 11 2016, 9:35 AM
I have received this from enough people I figured I’d pass it along. “It is a well-known fact that those people who most want to rule people are, ipso...
Fri, Oct 7 2016, 10:47 AM
Here’s a great note I received from an originator in the Washington DC area: “I have a borrower who works for a Congressman. Their loan was denied bec...
Thu, Oct 6 2016, 10:18 AM
With the temporary postponement of the MBAC (Carolinas) conference, and the residents of Florida wondering about all the money spent on sand recently,...
Wed, Oct 5 2016, 9:58 AM
Research by the Appraisal Institute finds the number of appraisers has declined 22% since 2007 and 60% are over 50 years old. Aging? Yes, nature bats ...
Tue, Oct 4 2016, 10:07 AM
Regions, BB&T, Chase, Wells Fargo… the list goes on. They aren’t the first, and won’t be the last, but the Department of Justice tells us that Salt La...
Mon, Oct 3 2016, 10:48 AM
Welcome to the first business day of the 4th quarter! For another first, on this date in 1955 the first episode of Captain Kangaroo aired. Just think ...
Fri, Sep 30 2016, 10:35 AM
Are you sure that you want to keep originating FHA loans? There’s a lot of profit per loan, but it is easy to see why some companies like Chase have r...
Thu, Sep 29 2016, 9:54 AM
How is it that we only have two days left in September, and that it is National Coffee Day already? Maybe you’ll receive a free or discounted cup at K...
Wed, Sep 28 2016, 9:30 AM
What do attorneys and judges think of compliance? Here's a nice write up , but it is important that incentives match your company's compliance goals, ...
Tue, Sep 27 2016, 9:48 AM
The media, both social and unsocial, are filled with thoughts about the presidential debate last night. Housing was not an issue, since, overall, thin...
Mon, Sep 26 2016, 9:33 AM
Tonight we can all watch a big job interview on TV at 9PM ET. And whether it is money or other things, sometimes you if don’t ask for it, you won’t ge...
Fri, Sep 23 2016, 9:50 AM
While the industry is buzzing about how Wells Fargo has unfortunately killed any chance to reform the CFPB (i.e., cutting back its power or structure)...
Thu, Sep 22 2016, 10:05 AM
It’s not that difficult to tell alligators and crocodiles apart. One will see you later; the other will see you in a while. What a difference a word m...
Wed, Sep 21 2016, 9:53 AM
A Brad Pitt & Angelina Jolie split? Say it ain’t so! It should be a private matter, but think of all the time they, and the press, invested in their r...
Tue, Sep 20 2016, 9:33 AM
Bill C. writes, “I found a new pitchman for the mortgage industry (at least in Russia). President Vladimir Putin advises people to take out mortgages ...
Mon, Sep 19 2016, 10:19 AM
You’ve made it to “Talk like a Pirate” day. Many lenders are saying, “Arrggghh” when it comes to appraisals. Mike Simmons with Axis AMC put some thing...
Fri, Sep 16 2016, 9:47 AM
Free data is available on nearly 95% of mortgage originations nationwide thanks to the Home Mortgage Disclosure Act (HMDA). While the raw data is avai...
Thu, Sep 15 2016, 10:14 AM
Being a compliance officer isn’t a barrel of laughs. How many compliance officers it takes to screw in a lightbulb? 3. It takes 1 to change the bulb, ...
Wed, Sep 14 2016, 9:42 AM
With my current travel taking me through Florida, Milwaukee, and now Savannah, geography is on my mind and yesterday I noted that Maine is the only st...
Tue, Sep 13 2016, 9:47 AM
There is only one state that has 1 syllable, but there are 30 days in September. And this month is full of wacky “days” such as international Talk Lik...
Mon, Sep 12 2016, 9:12 AM
Anyone claiming that stocks and bonds always move in opposite directions were again proved wrong Friday when both bonds and stocks sold off. Treasury ...
Fri, Sep 9 2016, 3:00 PM
The U.S. housing market continues to move ahead, but a generation of homebuyers is being left behind . That's the conclusion of an analysis of homeown...
Fri, Sep 9 2016, 10:14 AM
I own a shovel. Actually I own a couple of them. So do my neighbors. Do we use them all the time? No. Plenty of time elapses between shovel use. The s...
Thu, Sep 8 2016, 9:58 AM
50 years since Star Trek debuted on TV? Holy smokes. Salaries were lower back then. How much do NFL referees earn in a year? The average NFL referee s...
Wed, Sep 7 2016, 9:38 AM
While the industry waits for the ruling on the CFPB versus PHH case to give more clarity on the MSA question for lenders , the Colorado Division of In...
Tue, Sep 6 2016, 9:46 AM
It is hard to believe that Halloween is fewer days away than the 4th of July from a few months ago. It is also hard to believe this story/photo of a t...
Fri, Sep 2 2016, 10:37 AM
Among the lengthy list of state and federal regulators, legislative bodies, and agencies that oversee residential lenders, one can’t forget the FTC (F...
Thu, Sep 1 2016, 9:46 AM
For me last month’s domestic travels included Texas, Montana, Colorado, Kansas, and California. The mood among residential lenders is very good . Yet ...
Wed, Aug 31 2016, 10:23 AM
What does $24 million buy you in Oregon ? Just find 24 people to pony up a million each. Some economists love to look at the FHFA's housing statistics...
Tue, Aug 30 2016, 9:57 AM
I asked my cat Myrtle for her comments on the proposed TRID changes. (Blank stare.“Myrtle, make up your mind – in or out!”) I did, however, receive th...
Mon, Aug 29 2016, 9:54 AM
It is hard to argue with nationwide demographic trends , especially when it comes to Hispanic borrowers & first time home buyers in some parts of the ...
Fri, Aug 26 2016, 9:05 AM
“Rob, have you seen any place where I can see individual lender stats for VA loans?” Sure. Here it is . Knock yourself out. For you CFPB watchers, it ...
Thu, Aug 25 2016, 9:08 AM
How’d you like to work for a company that was in the press nearly every day – rarely in a good way? How’d you like to work for a company whose future ...
Wed, Aug 24 2016, 10:41 AM
It is hard to find a mortgage banker that isn’t hell-bent on expanding – sometimes just for the sake of expanding. But many companies soon find out ho...
Tue, Aug 23 2016, 9:58 AM
The whole residential lending industry is abuzz about the article on housing in the Economist . "A decade on, the presumption is that the mortgage-deb...
Mon, Aug 22 2016, 9:29 AM
Plenty of celebrities lose all their money, and then some, in various schemes. But here’s one Brady Bunch member that did pretty well in California re...
Fri, Aug 19 2016, 11:08 AM
In case it comes up at Happy Hour tonight, how are things working out in Japan? “The Bank of Japan, already a top-five owner of 81 companies in Japan’...
Thu, Aug 18 2016, 9:26 AM
There are two and a half weeks before Labor Day, the traditional end of summer. For those out and about, and who like ice cream, MM sent along a list ...
Wed, Aug 17 2016, 11:38 AM
Want to comment on TRID & Reg. Z? Click on the " How to Comment " button. Better to do it now, good or bad, than to complain about it after the commen...
Tue, Aug 16 2016, 9:35 AM
Only two weeks until Labor Day? How did that happen? Will AIG and Arch MI figure out which reps have which territories after the purchase of UG goes t...
Mon, Aug 15 2016, 10:31 AM
“Rob, are we heading back to loans with LTVs greater than 100%?” I doubt it, but certainly there are some high LTV programs out there, over and above ...
Fri, Aug 12 2016, 3:20 PM
In the middle of a prolonged period of negative real interest rates and loose monetary policy aimed at managing inflation and helping economies, fears...
