Wed, Mar 30 2011, 9:56 AM
Harkening back to the Prius'
brake recall issue, this bumper sticker was seen: "TOYOTA: Once you drive
one, you'll never stop." Pun aside, I would i...
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...
Mon, Mar 28 2011, 10:30 AM
Did
anyone from your county move in 2008? It is not my job to keep track of them -
but someone does. Privacy issues aside, Realtors may find this in...
Fri, Mar 25 2011, 10:22 AM
According to a story in the Financial
Times , "The five biggest US mortgage servicers were told this week
at a private meeting with regulators ...
Thu, Mar 24 2011, 9:46 AM
Six Federal agencies have to sign
off on the QRM provisions, and apparently the first will be early next week. Early
next week the FDIC opines on, "...
Wed, Mar 23 2011, 11:34 AM
What am I
hearing out there? I am hearing, not officially, that wholesale reps are having
trouble drumming up business from brokers. Production esti...
Tue, Mar 22 2011, 9:49 AM
The U.S. Treasury announced that it will
begin an "orderly wind down" of its $142 billion MBS portfolio over
about 1 year by selling roughly $10 bil...
Mon, Mar 21 2011, 10:47 AM
Last Thursday, while on a tour of the Chicago Mercantile Exchange, my
son and I met and chatted with Rick Santelli, who many know as CNBC's
financ...
Fri, Mar 18 2011, 10:13 AM
What does Chase think
about a U.S. proposal to exempt certain mortgages from rules governing
securitized loans? That it may unintentionally help t...
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 ...
Wed, Mar 16 2011, 10:34 AM
Lenders that act as both mortgage brokers and mortgage bankers need to pay
attention to this recent court ruling, noted by law firm BuckleySandler .
...
Tue, Mar 15 2011, 10:44 AM
The earthquake in Japan is no
laughing matter. Just ask Aflac - it fired comedian Gilbert Gottfried as the
voice of its duck after a series of Twitt...
Mon, Mar 14 2011, 11:44 AM
In the
old days, Realtors' advertising was simple and straightforward. Maybe
even "old fashioned." Now? RealtorRap
Wouldn't it be somethi...
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...
Thu, Mar 10 2011, 12:51 PM
For some time now, a foreclosure settlement has been in the
works. In yet another leaked report, the supposed proposals that state
attorneys gener...
Wed, Mar 9 2011, 10:53 AM
Remember today is Ash
Wednesday, the first day of Lent.
This
commentary has made comments in the past about how reverse mortgage originators
c...
Tue, Mar 8 2011, 9:58 AM
This is
kind of exciting: a new website. It was created by home builder Lennar, showing
how/why buying a new home is better than buying a foreclosur...
Mon, Mar 7 2011, 11:38 AM
Late in 2010, mortgage bankers
seemed to be scrambling for warehouse lines. Now that things have quieted down
need-wise, how is the warehouse biz do...
Mon, Mar 7 2011, 11:15 AM
In
speaking to various groups, one question that always comes up is whether or
not 30-yr mortgages are going away . After all, most other countries...
Fri, Mar 4 2011, 11:10 AM
My computer is back up and
operational. It turns out that running two virus security systems
simultaneously pretty much shuts down your computer - I...
Wed, Mar 2 2011, 11:44 AM
Merrill Lynch/BofA's analysts
took a look at HARP, and whether or not it should be extended. The FHFA
has a number of choices regarding HARP. "We se...
Tue, Mar 1 2011, 9:49 AM
These 13 pages should
help in answering some of the compensation questions out there: MBAQ&A
The Q&A document noted above was
published by ...
Mon, Feb 28 2011, 10:21 AM
"Qualified Residential Mortgages" is not an everyday topic of conversation but perhaps should be .
Who is going to have "skin in the game"? Here is ...
Fri, Feb 25 2011, 10:03 AM
A servicing
"settlement", mentioned yesterday, certainly has the
industry roiled - especially BofA and Wells Fargo, who together service nearly
$4...
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 ...
Wed, Feb 23 2011, 11:01 AM
Originators and borrowers are often faced with the "rent versus own" question, with varying results. Here is an INTERACTIVE CALCULATOR
Homeo...
Tue, Feb 22 2011, 9:47 AM
What is the public hearing and seeing regarding the April Fool's Day changes?
"Starting April 1, under a new compensation rule from the Federal
R...
Fri, Feb 18 2011, 10:57 AM
There's a saying, "We are born naked, wet, and hungry. And then things get worse." But perhaps, just perhaps, smaller mortgage brokers and bankers won...
Thu, Feb 17 2011, 9:52 AM
They've barely cleaned up the confetti from the Super Bowl parade, and already baseball's spring training is upon us. Here is something non-mortgage r...
Wed, Feb 16 2011, 11:06 AM
The jumbo market is taking baby steps in the right direction. Redwood Trust Inc .
is marketing a $280 million residential mortgage-backed security,...
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...
Mon, Feb 14 2011, 10:19 AM
Valentine's Day...Opinions differ as to who was the original
Valentine but the most popular theory is that he was a clergyman who was
executed for...
Fri, Feb 11 2011, 12:37 PM
Word had certainly leaked out about the proposals for Freddie and Fannie that have come out this morning . Reuters broke out a set of options yesterd...
Thu, Feb 10 2011, 9:55 AM
The latest comp news comes from the National Association of Mortgage
Brokers (NAMB), which, through a call-in campaign, apparently has
spurred on ...
Wed, Feb 9 2011, 10:50 AM
Some confusion and conjecturing may end on Friday, when the plan for Freddie and Fannie are presented ...
"U.S.
Treasury Secretary Timothy F. G...
Tue, Feb 8 2011, 11:00 AM
Scott Garrett, the chairman of the House Financial Services subcommittee
on capital markets and government-sponsored enterprises said that the
U.S...
Mon, Feb 7 2011, 10:49 AM
The
government has flown past its January 31 deadline for a proposal on the
future of Freddie and Fannie, and things may drone on for a while. For...
Fri, Feb 4 2011, 11:39 AM
Occasionally
I am asked by someone to show them "the life of a loan". Here ya go: Life of a Loan
Let's see... the US government helps out Bo...
Thu, Feb 3 2011, 11:58 AM
Yesterday I was speaking to a regional production manager for a large
investor about business conditions for mortgage brokers and bankers. He
summ...
Wed, Feb 2 2011, 11:59 AM
On to Part VII of compensation Q&A - remember that company's
individual policies may differ from these to some extent, as there is
still a lot of ...
Tue, Feb 1 2011, 9:52 AM
Well, not that the market has turned, but the amount of chatter out
there in the ranks about ARM loans is increasing by the day. Maybe folks
are b...
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 ...
Thu, Jan 27 2011, 9:57 AM
Stories in today's Pipeline Press: Part 3 of the Fed answers to the MBA's list of questions. Cross Channel Envy. There is always a program or underwri...
Wed, Jan 26 2011, 10:00 AM
Yesterday I passed along Part 1 of a Q&A dialog between the MBA
and Federal regulators (although SunTrust distributed it to its broker
clients). H...
Tue, Jan 25 2011, 12:14 PM
Fannie and Freddie Foreclosure Inventory Over 240,000 Properties; Fed Responds to Originator Comp Questions; NMLS Uniform Licensing Forms
Mon, Jan 24 2011, 9:41 AM
Lots of Lender Updates; MERS Leadership Change; Job Openings; Wells on Originator Compensation; Bank of America Legal Fees
Fri, Jan 21 2011, 11:22 AM
Originator Compensation FAQs; Loan Putbacks Bruise BoA; Foreclosures Pinch PNC Profits; Servicer Watchdogs; Lender Updates
Thu, Jan 20 2011, 10:59 AM
Realtor Influenced Settlement Costs; The Future of Fannie and Freddie; New Mortagee Letters; Wells Fargo Q4 Loan Production
Wed, Jan 19 2011, 9:57 AM
Freddie Mac Eliminates Streamline Refi Product; Wells Fargo & U.S. Bank Earnings Recap; Plan B for 2011; Lender Bulletins
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