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...
Tue, Oct 21 2014, 10:57 AM
I
was dealt a serious setback yesterday here at the MBA conference, being
held in the immense Four Seasons, Mandalay, Delano, conference center
...
Tue, Jun 17 2014, 5:12 PM
The Department of Housing and Urban
Developments Office of Inspector General (HUD-OIG) has submitted its semi-annual
report of its activities to Con...
Tue, May 27 2014, 10:11 AM
The industry knows that 2013 was the tale of two profitability profiles for residential lending:
the first half and the second half. Now the MBA hav...
Tue, May 20 2014, 9:40 AM
Various topics from the hallways of the MBA's Secondary conference... How can the CFPB go from a
handful of employees to over 1,400 in a few short ...
Mon, May 19 2014, 10:38 AM
According to officials familiar with the matter, Shaun Donovan will be leaving the secretary position at
the Department of Housing and Urban Devel...
Tue, Feb 25 2014, 4:22 PM
The House Financial Services Committee (FSC)
has released advanced information regarding an investigation conducted by the
Office of Inspector Gener...
Mon, Feb 10 2014, 10:36 AM
Things can be
misleading out there, and occasionally non-depository mortgage bankers
wonder about becoming licensed in other states. The best sour...
Fri, Jan 3 2014, 12:07 PM
Last
Saturday I mentioned a misspelling in a mortgage document ("...MERS holds
leugal title..."). It turns out that it is not a MERS or Fannie iss...
Wed, Dec 11 2013, 3:08 PM
The
Department of Housing and Urban Development (HUD) has issued its final rule
defining a "Qualified Mortgage" (QM) as required by the Dodd-Frank...
Wed, Nov 13 2013, 9:52 AM
Aside from not having to wear ties on Fridays, or even collared
shirts for that matter, the boys and girls over at Barclays have
released their 3 ...
Tue, Oct 1 2013, 1:07 PM
Freddie Mac wants its customers and business
partners to know they are open for business and largely unaffected by the
government shutdown. Despite...
Mon, Sep 30 2013, 12:48 PM
Another definition of Qualified Mortgage
(QM) was rolled out for comment today.
This one, proposed by the Department of Housing and Urban Develop...
Tue, Sep 10 2013, 7:46 PM
HUD is struggling to make the grade, regardless of potentially valid
excuses. That's the short version. The longer version in today's
testimony ...
Thu, Aug 15 2013, 11:36 AM
Here is an interesting note I received from a capital markets VP in
Florida: "Rob, I have nicknamed my company's sales staff the 'If
only's.' It s...
Tue, Jul 2 2013, 3:14 PM
Two insurance industry trade groups,
the American Insurance Association and the National Association
of Mutual Insurance Companies, whose members se...
Tue, Jun 11 2013, 12:41 PM
The plain fact is that people need , and for the most part want ,
a roof over their heads. According to an online survey conducted by
Harris Int...
Fri, May 31 2013, 3:10 PM
As
the housing crisis unrolled the Department of Housing and Urban
Development (HUD) and the two government sponsored enterprises (GSEs)
Freddie Ma...
Thu, May 23 2013, 2:58 PM
The Fed giveth, and the Fed taketh away. Both stocks and bonds fell on Wednesday after a Q&A session with Ben Bernanke , and minutes from the latest ...
Mon, Apr 29 2013, 11:15 AM
The demand for capital never goes away - it is matter of supply and demand setting the rate and price for certain types of loans. Putting political na...
Wed, Apr 17 2013, 12:42 PM
"Does the price of gold impact mortgage rates ?" No, not really, but both move based on supply and demand, political uncertainty, current events, an...
Wed, Apr 10 2013, 5:31 PM
Donovan declined to speculate about
the likelihood FHA would need to draw on Treasury funds to correct the deficit
in its Mortgage Insurance Fund ...
Mon, Mar 25 2013, 11:02 AM
I am visiting Pennsylvania this week, from where I coincidentally received this note from a Realtor: "Rob, what's the scoop on Blackstone ?" I think ...
Fri, Jan 4 2013, 9:57 AM
Writers, researchers, and those interested in housing market data have a great new tool to work (or play) with, courtesy of the U.S. Census
Bureau ...
Tue, Dec 18 2012, 5:10 PM
Apparently fearful of another bail out,
six Republican members of the House Financial Services Committee sent a letter
to the Obama Administration...
Mon, Dec 10 2012, 5:34 PM
Every year, on a single night in January, the Department of Housing and
Urban Development (HUD) aided by a large number of community groups called
C...
Tue, Dec 4 2012, 2:05 PM
Families in areas hard-hit by
Hurricane Sandy will get a little extra help if they qualify for rental
assistance . The Department of Housing
and ...
Tue, Nov 20 2012, 1:48 PM
HUD's report on FHA's finances to Congress was a mere 64 pages. Here's the top (or bottom!) 10 summary for those who lack the time or motivation to...
Thu, Sep 20 2012, 1:19 PM
Misuse of the FHA Preforeclosure Sale
Program may have cost the Department of Housing and Urban Development (HUD)
over a billion dollars for ...
Fri, Aug 3 2012, 9:57 AM
The Secretary of Housing and Urban
Development (HUD) and the state attorney general who handled much of the negotiation
leading to last spring's $2...
Mon, May 14 2012, 12:11 PM
Twelve groups, principally trade associations, sent a letter on Friday to the Department of Housing and Urban Development ( HUD ) commenting on a No...
Wed, Apr 18 2012, 3:26 PM
A key official of the Department of Housing and Urban Development ( HUD ) was sworn into office on Wednesday. Maurice Jones assumed the second high...
Thu, Mar 1 2012, 10:49 AM
Two-thirds
of the way through the 1 st quarter, and we find ourselves in Irish-American
Heritage Month, which, happily for Chicago, contains St. Pa...
Mon, Feb 13 2012, 5:14 PM
The Department of Housing and Urban
Development (HUD) unveiled its 2013 budget proposal today, asking Congress for
about $44 billion. The amount is...
Mon, Feb 6 2012, 4:41 PM
The
Departments of Housing and Urban Development (HUD) and Treasury issued the
administration's January Housing Scorecard on Monday. The report i...
Tue, Jan 24 2012, 10:02 AM
As red-blooded American males prepare for the advertising onslaught
of Valentine's Day (2/14), we are reminded that the media is indeed
powerful -...
Wed, Jan 18 2012, 10:29 AM
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...
Tue, Jan 3 2012, 11:10 AM
The U.S.
Census Bureau projected the Jan. 1, 2012, total United States population at
312,780,968. This would represent an increase of 2,250,129, or ...
Wed, Dec 7 2011, 4:47 PM
The Departments of Treasury and Housing
and Urban Development have released their joint November 2011 Housing
Scorecard . The report is essentiall...
Tue, Nov 1 2011, 3:14 PM
The Department of Housing and Urban Development
(HUD) and Ginnie Mae have suspended Allied Home Mortgage Corporation , thereby
preventing the compa...
Thu, Sep 29 2011, 10:51 AM
With two
business days left in this month, and companies scrambling to fund either high
balance loans or Streamline loans where rates have dropped e...
Mon, Aug 22 2011, 10:20 AM
No wonder
companies are hiring. The Mortgage Bankers Association raised its forecast
for loan production this year to $1.1 trillion in residential ...
Thu, Jul 14 2011, 9:54 AM
"Help a man when he is in trouble and he
will remember you when he is in trouble again."
The Consumer Finance
Protection Bureau is not in trou...
Tue, Jul 12 2011, 12:03 PM
Six cities have been selected for a
pilot program designed by the Obama Administration to strengthen local
capacity, spark economic growth and ensur...
Thu, Jul 7 2011, 2:30 PM
The Department of Housing and Urban
Development (HUD) has modified the existing policies related to two of its assistance programs to give unemployed...
Tue, Jun 21 2011, 11:34 AM
Today we have, in the
Northern Hemisphere, 5 hours and 14 minutes more daylight than the winter solstice
six months ago. For the most part it is s...
Tue, Jun 21 2011, 3:10 PM
Affordable rental housing is the focus
of the second edition of Evidence Matters , the Department of Housing and Urban Development's (HUD's) new q...
Thu, Jun 16 2011, 9:46 AM
The idea of Father's Day was conceived
slightly more than a century ago, not by Hallmark Card or Weber Grills, but by
Sonora Dodd of Spokane, Wash...
Wed, Jun 15 2011, 1:01 PM
Despite the severe economic downturn,
persistent unemployment, and thousands of foreclosures, Secretary of Housing
and Urban Development (HUD) Shaun...
Thu, Jun 9 2011, 10:30 AM
"I used to be indecisive. Now I'm not so
sure." But one thing that I am sure of is transparency. Sterne Agee
released prepayment information, impo...
