Wed, Feb 4 2015, 8:59 AM
Mortgage activity showed no signs of settling down from its rather wild
and wooly behavio r since the first of the year. Data from the Mortgage Ban...
Tue, Jan 27 2015, 10:29 AM
I
see a fair amount of state-level news, and it seems to be the season
for lenders to meet with legislators. What items are on the agendas? As
a...
Mon, Jan 26 2015, 11:55 AM
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...
Mon, Jan 26 2015, 10:42 AM
One never knows what will cause mass hysteria . Maybe the storm hitting the Northeast? I doubt Ocwen's troubles
will cause it, but the industry h...
Tue, Jan 13 2015, 3:19 PM
Last week,
President Obama and HUD announced a reduction in the mortgage insurance premium
(MIP) fees charged on FHA loans. Most FHA borrowe...
Mon, Jan 12 2015, 11:02 AM
The Federal Housing Administration (FHA) has
issued a critical update related to last week's announcement of FHA
premium changes. The update contai...
Mon, Jan 12 2015, 10:28 AM
Not
everyone is wild about the FHFA (which oversees Freddie & Fannie)
joining the Federal Home Loan Bank System. Last week the MBA submitted
its...
Fri, Jan 9 2015, 12:21 PM
Details and clarifications are now available
for lenders and borrowers regarding President Obama's Thursday announcement of
reduced FHA mortgage ins...
Thu, Jan 8 2015, 10:22 AM
Congrats
to Allan Landon, the former CEO of Bank of Hawaii Corp. President
Barack Obama plans to nominate him to be a Federal Reserve governor
a...
Wed, Jan 7 2015, 10:06 AM
In mid-November the Federal Housing Administration (FHA)
announced that its Mutual Mortgage Insurance Fund (MMI) had returned to
solvency . The fu...
Fri, Jan 2 2015, 10:27 AM
The U.S. Census Bureau projected the United States population to be 320.1 million as of yesterday.
(And no, not all of them contribute to NAR.) Th...
Wed, Dec 24 2014, 10:27 AM
As
you may have guessed, there is no logical correlation between whether
there is snow in Boston on Christmas and the performance of the stock
m...
Thu, Dec 11 2014, 10:58 AM
"Karma
means that I can rest easy at night knowing that all the people I
treated badly had it coming." But there is also good karma, and the MBA
...
Mon, Dec 8 2014, 10:57 AM
Folks
who have all their retirement money tied up in Ocwen shares hope that
they don't go the way of Lehman Brothers, PNC, Countrywide, WAMU, and ...
Wed, Nov 26 2014, 9:38 AM
With
Thanksgiving around the corner, here's some conversation fodder.
Thanksgiving became a national holiday 151 years ago when President
Lincol...
Mon, Nov 24 2014, 10:34 AM
If you're looking for next investment property, the nearest "college town" may serve you well. According to research from Clear Capital ,
out of ...
Tue, Nov 18 2014, 10:42 AM
Recently the commentary noted, "Maybe we should start at the grade school level and teach kids about money .
How to make a budget, manage debt, sav...
Mon, Nov 17 2014, 3:37 PM
Despite dire predictions from many quarters the
Federal Housing Administration's (FHA's) Mutual Mortgage Insurance Fund (MMIF)
has returned to solve...
Wed, Nov 12 2014, 10:16 AM
Mortgage application volume declined slightly in all but
one category during the week ended November 7.
The Mortgage Bankers Association said tha...
Fri, Nov 7 2014, 10:34 AM
Lots of folks
are going crazy over the avalanche of rules and regulations that are
increasing the cost of every mortgage made in the United States...
Fri, Oct 3 2014, 10:14 AM
"Rob, do you have an easy article about who is responsible for the condition of a property after a foreclosure?" Yes - according to Henry Chuang in t...
Tue, Sep 23 2014, 10:58 AM
It would be nice to think that fraud in any industry doesn't exist - but it does. And a story in the Los Angeles Times
reminds readers that frau...
Fri, Sep 5 2014, 10:35 AM
There's
a lot of data swirling around the demographic black-hole of lending
known as "the Millennials." I've come to the conclusion that this is
...
Thu, Sep 4 2014, 10:44 AM
The Mortgage Bankers Association (MBA) said on
Thursday that overall access to mortgage credit tightened very slightly in
August. The Association...
Tue, Aug 12 2014, 10:47 AM
Under
the "misery loves company" category for those in the residential
lending business, it is interesting to watch the media focus shift onto
t...
Mon, Aug 11 2014, 1:53 PM
While HUD has yet to post an official announcement, multiple sources indicate Carol Galante has resigned as FHA Commissioner. David H.
Stevens, h...
Wed, Jul 23 2014, 10:49 AM
Captain
Obvious likes to say, "Home prices don't always go up." It's probably a
cliché at this point, but it's better than the, "Buy as much home ...
Wed, Jul 16 2014, 11:41 AM
JP Morgan Chase appears to be questioning
the wisdom of remaining an FHA lender. The company's Chairman and CEO, Jamie Dimon, made
critical comme...
Thu, Jun 26 2014, 11:15 AM
The ABA
reports community banks now spend about 15% of revenue
on compliance to meet regulatory requirements. True, the cost of doing
busine...
Thu, Jun 5 2014, 11:10 AM
The Mutual
Mortgage Insurance Fund is a fund that insures mortgages made by the
Federal Housing Administration on single-family homes;
the fun...
Wed, May 14 2014, 10:41 AM
Hey,
I have an idea! Let's have the government encourage expanding lending
to riskier borrowers . That way we can sell more houses, real estate
...
Wed, May 14 2014, 3:14 PM
The
Federal Housing Administration (FHA) says that qualified buyers are currently underserved
by the housing market. The economic
crisis significa...
Mon, May 12 2014, 10:38 AM
"Under
the current rules, would it be illegal for a company to offer a
mortgage program that had discounted mortgage rates for people with
col...
Fri, May 9 2014, 10:18 AM
"Where
do I go to find out about resources to mortgage lenders and mortgage
brokers to learn about state specific requirements , licensing, the
...
Mon, Apr 14 2014, 9:03 AM
The Fed's comments on housing last week were interesting. "Housing activity
remained slow over the intermeeting period. Although unfavorable weath...
Tue, Mar 4 2014, 4:14 PM
The Federal Housing Administration (FHA)
Mutual Mortgage Insurance Fund will have a positive capital reserve balance at
the end of Fiscal 2014 estim...
Fri, Jan 3 2014, 3:54 PM
As Fannie Mae and Freddie Mac eliminated their 100% and 97% purchase loans
following the housing meltdown, FHA financing once again became a
pre...
Thu, Dec 26 2013, 10:27 AM
Echoing
what lock desks are seeing, and once again causing some lenders and
Realtors to take a fresh look at overhead, the MBA Mortgage Applicatio...
Mon, Dec 23 2013, 10:04 AM
Before
we delve into the agency, lender, and investor news, here is some
holiday cheer....maybe. On December 9th, the Federal Reserve released its...
Fri, Dec 13 2013, 12:19 PM
After asking for taxpayer assistance for
the first time in its 79 year history last September, a new actuarial report
says the Federal Housing Admin...
Fri, Dec 13 2013, 11:01 AM
The Federal Housing Administration (FHA)
has issued new guidelines for lenders who manually underwrite FHA-backed
mortgage loans. The new underwr...
Thu, Dec 12 2013, 10:26 AM
The
bitcoin movement just became a little more complicated: JPMorgan Chase is going
after the bitcoin biz by patenting a similar system. But these...
Mon, Dec 9 2013, 9:43 AM
The Department of Housing and Urban
Development (HUD) announced late Friday that the maximum loan eligible for a Federal
Housing Administration (FHA...
Mon, Dec 9 2013, 9:30 AM
My
Dad called me yesterday, wondering if they delivered e-mail on Sundays.
After all, the post office is delivering on Sundays for Amazon, right? ...
Sat, Nov 23 2013, 3:58 PM
A new study by PayScale finds “Gen Y”
aged 35 years and younger are having a hard time out there. About 16%
who have a job are living at home st...
Fri, Oct 18 2013, 5:11 PM
Despite declining FHA loan
originations (from 120,917 in April 2013 to 105,995 in July), HUD issued
Mortgagee Letter 2013-24 on August 15, tighteni...
Tue, Oct 15 2013, 9:53 AM
Welcome to "National Aging in Place" Week (October 15-21). No, this
doesn't mean sitting in that 10-yr old office chair, slouched over your
comput...
Fri, Oct 11 2013, 11:44 AM
Entities like title companies, real estate agencies, home inspection
services, etc. don't mind this statistic, but lenders sure do: the
National A...
Tue, Oct 1 2013, 10:20 AM
What is bothersome for many CEOs, as we enter the 4 th
quarter, is profitability - or lack thereof. I received this note from
the CEO of a reside...
Mon, Sep 30 2013, 10:47 AM
"Rob, I attended a seminar last week, and one of the speakers
mentioned something called 'Freddith Mae'. Ever heard of that?" Nope -
either I'm ou...
