Thu, Oct 6 2011, 9:41 AM
roduction
jobs come and go. On one side, Kinecta
Federal Credit Union is continuing to grow its business and is hiring Retail Mortgage Loan Cons...
Fri, Sep 23 2011, 10:24 AM
Hopefully
failing a breathalyzer test doesn't happen to any mortgage bankers tonight
after Happy Hour.
Folks who
are hedging a pipeline, or wh...
Tue, Aug 23 2011, 10:39 AM
Who is
Deven Sharma? He is the latest person to quit his job. Ordinarily this wouldn't
be a big deal, but he was the president of Standard & Poor...
Mon, Aug 1 2011, 10:19 AM
The Federal Housing Administration's (FHA's) Mortgagee
Review Board (MRB) has posted the results of formal actions taken against 240
lenders for fai...
Fri, Jul 22 2011, 11:55 AM
Here's a
Planning & Scheduling Algorithm for any company: "Choose two: Good,
Fast, Cheap."
An
apparent consequence of Dodd Frank, MetLife ...
Wed, Jul 13 2011, 9:33 AM
I am smart enough to
realize that I am not smart enough to know, "Why the focus is more on
the debt ceiling than on actually reducing our deficit?"...
Thu, Jun 2 2011, 3:17 PM
The Mortgage Bankers Association has asked the Department of
Housing and Urban Development to permit the use of electronic signatures
(e-signatures)...
Wed, Jun 1 2011, 9:44 AM
The north Atlantic hurricane season begins
today and lasts through Nov. 30. Per the U.S. Census Bureau nearly 37 million
people in the US live in ar...
Wed, May 25 2011, 5:07 PM
The Republican led House Financial Services Committee has drafted legislation that would, among other things, raise the FHA down-payment requirement ...
Tue, May 24 2011, 11:16 AM
We can bicker over underwriting guidelines,
disclosure documents, or turn times, but the flooding and tornado disasters
that have befallen many stat...
Wed, May 11 2011, 10:52 AM
Regardless of what my kids say,
this commentary hasn't been around long enough to have ever been written by
candlelight. But starting next year I wi...
Fri, May 6 2011, 10:37 AM
The driving force behind Mother's
Day was Anna Jarvis, who organized observances in Grafton, W.Va., and
Philadelphia on May 10, 1908. As the annual ...
Thu, May 5 2011, 10:42 AM
Cinco de Mayo does not mark the
discovery of tequila, but instead celebrates the legendary Battle of Puebla on
May 5, 1862, in which a Mexican force...
Wed, Apr 27 2011, 9:37 AM
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week
ending April 22, 2011.
The MBA's lo...
Wed, Apr 20 2011, 10:57 AM
The Mortgage Bankers Association (MBA) today
released its Weekly Mortgage Applications Survey for the week
ending April 15, 2011.
The MBA's l...
Fri, Apr 15 2011, 9:35 AM
Two soap operas created more than
40 years ago, who taught us not to bother getting married since it's only going
to last until next season anyway, ...
Wed, Apr 13 2011, 10:33 AM
Let me add a clarification to
the Ops Manager job listing from yesterday . The company is merely shifting
responsibilities as they grow, and the ...
Tue, Apr 12 2011, 10:12 AM
I continue to receive input from
the origination "trenches. "'Safe Harbor' against the steering
provisions in the new LO Compensation regulation is ...
Mon, Apr 4 2011, 10:04 AM
The executive who became the first
Risk Manager of the Federal Housing Administration (FHA) will now, at least temporarily
head the agency.
Robe...
Tue, Mar 29 2011, 9:53 AM
How much house is too much house in Michigan? 50 cent is only half of a dollar.
Today the FDIC Board will vote on a credit risk-retention prop...
Thu, Mar 17 2011, 11:30 AM
Don't forget to wear a little
green today. Everyone here in Chicago knows that St. Patrick is best known for
introducing Christianity to Ireland in ...
Tue, Mar 15 2011, 12:53 PM
Mortgage News Daily has learned that John Courson, President and CEO
of the Mortgage Bankers Association, will announce his resignation later
toda...
Fri, Mar 11 2011, 11:10 AM
In a story that first broke on Mortgage
News Daily's MBSonMND live chat yesterday morning, Dave Stevens has
resigned from his position as FHA c...
Fri, Feb 25 2011, 11:07 AM
Both
applications for FHA-guaranteed mortgages and FHA endorsements were lower in
January than in the previous month or in January 2010. Lower dema...
Thu, Feb 24 2011, 10:47 AM
Whoever thought that loan servicing would be so exciting? If
you think that a servicer earning 25 basis points every year is earning
too much if ...
Tue, Feb 22 2011, 12:36 PM
Last week the FHA announced
it would increase annual mortgage insurance premiums by 0.25% to
"bolster capital reserves", effective for case nu...
Tue, Feb 15 2011, 11:17 AM
MERS is not allowed to transfer mortgages, and cannot act as an agent of the banks that own mortgages?
So ruled a judge in New York, who added that...
Tue, Feb 15 2011, 10:14 AM
U.S. Department of Housing and Urban Development (HUD) Secretary Shaun
Donovan has released HUD's 2012 Fiscal Year budget request.
The late...
Mon, Feb 14 2011, 3:00 PM
WASHINGTON – As part of ongoing efforts to strengthen the Federal Housing Administration’s (FHA) capital reserves, FHA
Commissioner David H. Stevens...
Fri, Feb 11 2011, 8:42 AM
The long-awaited report on the future of housing finance has been released by the Obama Administration.
Below is the presser....
I highlight...
Mon, Jan 31 2011, 9:38 AM
It is the last day of January already? Time flies. This year we have 4
unusual dates: 1/1/11, 1/11/11, 11/1/11 and 11/11/11. Is it a
coincidence t...
Fri, Jan 28 2011, 10:26 AM
We're on to Part IV of the LO compensation series, noting the Fed's
responses to the MBA's questions. Remember that company's individual
policies ...
Tue, Dec 21 2010, 10:06 AM
FHA Extends Direct Endorsement Deadline for Principal-Authorized Agents; Correspondent FHA Originators Get Deadline Waiver
Mon, Dec 13 2010, 11:45 AM
GSE Layoffs Loom as Fannie and Freddie Prepare for Reform; Ginnie & MISMO; FHA Short Refi Program Conference Call; Lots of Lender Updates
Thu, Dec 9 2010, 11:06 AM
FHA Condo Project Approvals Extended; Discriminatory Lender Overlays; State Level Stimulus Needed; Qualified Loan Tests
Tue, Dec 7 2010, 2:27 PM
The Mortgage Banks Association has formalized its objections to proposed new regulations forlenders in a letter sent to FHA Commissioner David Stevens...
Fri, Dec 3 2010, 10:57 AM
Final regs for appraisals; FHA loan limits; servicing transactions in the news; input on Freddie pricing & all-cash deals; rate locks from yesterday a...
Wed, Nov 24 2010, 12:15 PM
Lender "Skin in the Game"; More on Freddie's Fee Increase; New Mortgagee Letters; Sponsored FHA Originators; Investor Bulletins
Wed, Nov 10 2010, 3:36 PM
FHA Commissioner David Stevens today released another letter to the industry. This communication focused on two topics. A new FHA loan product aimed a...
Thu, Oct 28 2010, 9:48 AM
Spike in FHA to FHA Refinances; Deutsche Bank on Home Prices; Compensation Conference Call; Wells Finds Flaws in Foreclosures
Wed, Oct 27 2010, 11:07 AM
Ginnie Mae Net Worth & Liquidity Standards; QEII Chatter; FHA Condo Recertifications; Home Owner Loan Corp.
Tue, Oct 26 2010, 10:22 AM
What is Quantitative Easing? Investor Raises FHA Minimum FICO to 640; New Mortgagee Letter
Fri, Oct 22 2010, 9:50 AM
These include a new product option for FHA’s Home Equity Conversion Mortgage (HECM), changes to our Mortgage Insurance Premiums (MIPs), and new credit...
Wed, Oct 20 2010, 10:19 AM
Freddie Mac's Rate Survey; FRBNY Suing BofA; Loan Buybacks; NMLS & Credit Reports; FHA Training; Wells Fargo Earnings
Wed, Oct 13 2010, 12:16 PM
The FHA has requested comment on regulatory changes that will strengthen its ability to force lenders to indemnify or reimburse the FHA for claims ag...
Wed, Oct 6 2010, 10:13 AM
While new upfront MIP requirements lower the cost for borrowers at the closing table, the plain and simple truth is the increase in the annual premium...
Tue, Oct 5 2010, 9:27 AM
Feedback: Loan Closing Delayed on Foreclosed Property Purchase; More on Retained Servicing vs. Released; TPO FHA Production
Mon, Oct 4 2010, 9:40 AM
Foreclosure mess impacts title companies; First Horizon leaving; updates from several more investors; today is the big FHA MIP day!
Fri, Oct 1 2010, 12:34 PM
SBA securities? You bet! Flood insurance extended; Monday a big day for MI companies; updates from Chase, Citi, Fifth Third, Fannie, Flag, USB
Thu, Sep 30 2010, 2:50 PM
H.R. 3081: Making Continuing Appropriations for Fiscal Year 2011, and For Other Purposes, passed the House of Representatives this morning. Buried in ...