Wed, Jan 16 2013, 10:51 AM
Everyone out there, it seems, is reaching for the brass ring: more purchases, less refi's . But is it practical? I received this note from an industr...
Tue, Jan 15 2013, 10:55 AM
Don't forget - Monday is a holiday ! A U.S. federal holiday at that, Martin Luther King, Jr. Day marks his birthday (which is today, 1/15) but is obs...
Mon, Jan 14 2013, 10:24 AM
Here's a story from Ohio that LO's in other states will find of interest: " Ohio Creates Temporary Loan Originator License." Last month, Ohio enact...
Fri, Jan 11 2013, 9:05 AM
Do you owe any money on your home? Lots of owners do, a lot don't. Usually we see these "free and clear numbers from the Census Bureau, but this week ...
Wed, Jan 9 2013, 10:11 AM
Huh? AIG, the parent of United Guarantee, is thinking about suing the United States government over its bailout? Stranger than fiction - but true! H...
Tue, Jan 8 2013, 11:13 AM
There are so many statistics out there it makes one's head spin. For
example, for the nation's 115 million occupied homes: The median year
these h...
Mon, Jan 7 2013, 10:25 AM
January is proving to be a newsy/volatile month for the industry. Last
week we had the delay in truly resolving the fiscal cliff, the Fed minutes
di...
Fri, Jan 4 2013, 10:28 AM
"Rob, I run compliance for a mid-size bank in Georgia, and our senior
management told us that we don't have to worry about what the CFPB is doing. Do...
Thu, Jan 3 2013, 10:30 AM
Fixed rate 30-yr. mortgages at 2.6%! Yippee!!! Oh...wait a minute...the
New York Fed tells us why they aren't there yet.
CMG Financial is a mu...
Wed, Jan 2 2013, 11:17 AM
On this Wednesday that seems like a Monday, politicians in Washington celebrated after kind of averting a completely unnecessary crisis that was ent...
Mon, Dec 31 2012, 10:48 AM
As our nation prepares to begin the new year, the U.S. Census Bureau
today projected that on Jan. 1, 2013, the total United States population
will ...
Fri, Dec 28 2012, 10:17 AM
"We're lost, but we're making good time." The CFPB does not seem to be
lost, and is certainly feeling its way along. From it we learned that between
...
Thu, Dec 27 2012, 9:57 AM
Okay, so here's something entirely un-mortgage related - productivity
this week stinks anyway. The kids are back from college, or on vacation from
s...
Wed, Dec 26 2012, 10:56 AM
Last week the commentary mentioned LO education for borrowers, but how about LO
education itself? I received some thoughtful notes on the subject.
...
Fri, Dec 21 2012, 10:33 AM
The good news is that we've survived. The bad news is that we're still
seemingly reliant upon politicians in Washington. But for the moment, go back
...
Thu, Dec 20 2012, 10:36 AM
Well, here is some interesting news for taxpayers, as if we don't have
enough: Fannie & Freddie may have lost $3 billion due to LIBOR fixing by
ba...
Wed, Dec 19 2012, 4:13 PM
On to something a little less fun. Uh oh. I can't weigh in on the
validity of this comment, but it comes from a reliable wholesale rep and if
true i...
Tue, Dec 18 2012, 2:02 PM
Human Resources (HR) managers take note: a court has ruled that an
employer may be liable for an accident to an employee during a work trip. But
for...
Mon, Dec 17 2012, 9:28 AM
Say what you want about Trulia, it just issued the results of a survey that has
Realtors and LO's cheering: 93% of renters between the ages of 18 a...
Mon, Dec 17 2012, 9:22 AM
"Rob, my boss tells me that my company might start servicing loans .
But all I've heard about is the $25 billion lawsuit from a while back. Is
serv...
Fri, Dec 14 2012, 10:39 AM
Yesterday I journeyed to San Jose to visit with the Silicon Valley Chapter of
CAMP. Casey Fleming, the president, reminded the capacity crowd how imp...
Thu, Dec 13 2012, 10:59 AM
The average person is curious about what their neighbor, or co-worker,
earns. And in this age of transparency, where nothing is private and there is ...
Tue, Dec 11 2012, 4:33 PM
IndyMac is back in the news. Last week a jury ordered three former IndyMac
loan officers (in the homebuilder division) to pay $168 million to the F...
Mon, Dec 10 2012, 11:22 AM
"Rob, I am on the board of directors of a bank. Is there a guide
or manual that would help me understand what the QC gal is talking about during
pr...
Fri, Dec 7 2012, 10:17 AM
We've made it to December 7, Pearl Harbor Day, and for something totally
unrelated to mortgages to end the work week send this clever short video t...
Thu, Dec 6 2012, 9:37 AM
...While we're discussing big banks, how much is not enough? There is no
answer to that question, but apparently there are questions whether or not
...
Wed, Dec 5 2012, 12:41 PM
Here's a recent inquiry: "Rob, what is up with government going
after Gfee money ? Why does Congress have to vote to intrude into areas where it
...
Tue, Dec 4 2012, 11:38 AM
As many lenders think back on record-breaking Novembers, and I head to
Pennsylvania for the rest of the week, here is a quick bit of trivia. James
P...
Mon, Dec 3 2012, 11:22 AM
It seems that Congress is once again tempted to come back to the "mortgage
well" since the House passed HR 1629, the STEM Jobs Act of 2012. The bil...
Fri, Nov 30 2012, 10:57 AM
"If I could rearrange the alphabet, you and I would be
together." Before you roll your eyes at that one, a buddy of mine said
that to a gal at a bar...
Thu, Nov 29 2012, 10:19 AM
Better to be approximately right than precisely wrong. And a lot of
neighborhoods are trying new things in real estate - thanks to Tony B. for this.
...
Wed, Nov 28 2012, 10:19 AM
In ancient days, when mortgage rates were different for various areas
around the country and people relied on carbon paper and Fannie gold book
am...
Tue, Nov 27 2012, 9:39 AM
Let's see the local appraiser tackle this one .
Here's one case that the mortgage industry, is watching: UBS is striving to
block a lawsuit by...
Mon, Nov 26 2012, 10:26 AM
Even if you had to have the borrower come back to resign a document, or
you had to eat a one day extension, or locked a loan under the wrong program,...
Fri, Nov 23 2012, 12:48 PM
The ability to send a petition directly to the White House brings out the
interesting folks. Who doesn't want cat-girls? Here you go .
Hey, we ...
Wed, Nov 21 2012, 11:43 AM
While you're dining on turkey and watching football tomorrow (maybe not
in that order) remember this touching story .
Folks continue to wonder ab...
Tue, Nov 20 2012, 11:43 AM
Well, if you can't fix your brakes,
make your horn louder . Odd logic is somewhat humorous. But as any LO or
servicer knows, just because you modi...
Mon, Nov 19 2012, 10:41 AM
"Be good to your neighbor - they know where you live!" The Pilgrims did
not have many neighbors, but in the in the fall of 1621 they held a three-day...
Fri, Nov 16 2012, 10:24 AM
Why fit in when you're born to stand out? I remember when every computer
had McAfee anti-virus software - it stood out. This has nothing to do with
...
Thu, Nov 15 2012, 9:44 AM
The median age of a Realtor is 56 - as in "fifty six."
I...
Wed, Nov 14 2012, 11:19 AM
Switching
gears to servicing, it is no surprise that Wells Fargo, BofA, Chase, Citi, and
USBank made up the top five in terms of portfolio size . H...
Tue, Nov 13 2012, 10:29 AM
Well, you gotta hand it to those independent-minded folks over in Texas,
who once again are asking to secede from the Union .
Let's see what that d...
Fri, Nov 9 2012, 10:39 AM
I don't know if this short video says more about the strength of the
bridge, or the IQ & preparation of those truck drivers.
Speaking of prepara...
Thu, Nov 8 2012, 12:49 PM
Yesterday the commentary reported on the news that New Traditions
National Bank will become a subsidiary of Old Florida Bancshares, prompting one
pu...
Wed, Nov 7 2012, 11:12 AM
"Rob, don't you find it somewhat intriguing that one of the most important
and critical actions we as Americans partake in is voting for of all thing...
Tue, Nov 6 2012, 9:35 AM
Instead of the two-party system, how about the "I want to party" system!?
Today, as one critic put it, is when the fate of the nation is determined b...
Mon, Nov 5 2012, 12:06 PM
Here's something that may sway a few undecided voters. (Is anyone
undecided at this point?) The U.S. debt ceiling is expected to be reached
before 2...
Fri, Nov 2 2012, 9:01 AM
"Spring ahead, fall back!" Sunday morning, folks in most states
will receive an extra hour of snooze time!
What's the difference between a hurri...
Thu, Nov 1 2012, 9:17 AM
Hey, it's November 1st! Just think: any 60 day rate lock (pretty
common place these days) expires in 2013! All those LO's with hefty incomes
in 20...
Wed, Oct 31 2012, 12:23 PM
With our without the storm damage, here in the U.S. there are 41 million potential
trick-or-treaters (children age 5 to 14; see joke at bottom) acros...
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