Fri, Oct 9 2009, 1:47 PM
Not a week goes by that someone doesn't send me a script for a Hollywood movie based on mortgage banking. Usually it is either a) zany comedy starring...
Fri, Oct 9 2009, 1:38 PM
Speaking of time flying, loan modifications, which seem to have more of an impact on the larger investors than on the smaller brokers, have come a lon...
Tue, Oct 6 2009, 1:28 PM
“Keep skunks and bankers at a distance” so the old saying goes. Mortgage bankers may have to ignore that saying, however, given some National Mortgage...
Mon, Oct 5 2009, 1:17 PM
The other day my boss commented that, "If every employee contributed half of their life savings to our firm, we'd be on the road to profitability!" I ...
Fri, Oct 2 2009, 2:02 PM
My uncle used to say, "Do not corner something that you know is meaner than you." Or bigger, for that matter. Speaking of big, the numbers yesterday s...
Thu, Oct 1 2009, 2:05 PM
Everyone knows the drill: small originators sell loans to mid-tier investors such as AmTrust or Franklin American, who in turn sell their loans to com...
Wed, Sep 30 2009, 2:42 PM
This morning we had our final revision to the 2nd quarter’s GDP number. Folks always wonder, “Why can’t the statisticians get it right the first time ...
Tue, Sep 29 2009, 2:46 PM
Reuters reported that state housing agencies around the U.S. that provide mortgages to low-income borrowers would get as much as $35 billion in federa...
Mon, Sep 28 2009, 5:48 PM
Out here in California, some in the business have been following the case of 28-yr old Garret Gililland III. Originally from the Sacramento area, he w...
