Aug. 26: Retail & wholesale jobs; 4506-T product; Agency updates of note;...
Wildfires in the west have already burned more than 7 million acres. (To put things in context, the entire state of California has about 101 million total acres.) Lenders and investors everywhere are...
View ArticleAug. 27: Comp. survey, specialized VA investor; depository bank rankings;...
What’s the difference between apathy and ignorance? I don’t know and I don’t care. The odds are pretty good that practically every residential lender knows and cares about whether or not they made...
View ArticleAug. 28: Compliance & sales jobs; First American RESPA case; plenty of...
I, being a capital markets guy, was very interested in the MBA sending a comment letter to the Basel Committee on its proposal, “Interest Rate Risk in the Banking Book” (Consultative Document). As...
View ArticleAug. 29: Notes on public relations, TARP prison sentence, pros and cons of...
No, it doesn’t make headlines when residential lenders help millions of borrowers, loans have been closed successfully, and borrowers are making their payments as they agreed to do. Regarding the CFPB...
View ArticleAug. 31: Sales & capital mkts. job; CFPB news; Hispanic influence growing;...
Darned if I know how we’re at the end of August already, with kids are heading back to school and the NFL all over sports programs. One thing that August had was a ruling in the federal bankruptcy...
View ArticleSep. 1: Wholesale jobs, M&A service; upcoming training & events; lender...
Slowly but surely the residential lending industry is trying to turn the tide in the public’s mind about the home financing process – as noted in this MBA video. And a representative of United...
View ArticleSep. 2: Wholesale & retail jobs; analyst’s take on Stonegate; 22 bus. days to...
Wells Fargo Funding’s clients received a note yesterday that is of use to the entire industry involving a scam impacting the mortgage settlement process. “On January 22 the Federal Bureau of...
View ArticleSep. 3: Retail jobs & QC help; FHA webinar, DTC workshop; Blackstone &...
“Papa was a rolling stone. And all he left us was a loan, loan, loan…” Liberties with the Temptations lyrics aside, it has been 43 years ago this month that the song was released and became a soul...
View ArticleSep. 4: Retail & correspondent jobs; the price of messing up on TRID; more...
Back to school? The U.S. Census Bureau has come to the rescue with a lot of forgettable numbers – but those actuary and statistics majors have to do something, right? There are about 78 million...
View ArticleSep. 5: Letters about MSAs, MI pricing for credit unions, investing in the...
Recently this commentary posted a link to a video on the CFPB’s website about a lending scam. Bruce Calabrese with Equitable Mortgage writes, “I loved your story on the doctor that got ripped off by a...
View ArticleSep. 8: Retail & correspondent jobs; TRID –“zero” is not “no” tolerance;...
Unfortunately I continue to receive e-mails asking complex TRID questions, better directed to investors or the CFPB, about regulatory details, the odds of the CFPB delaying implementation, and about...
View ArticleSep. 9: Retail, Ops, and management jobs; TRID webinars & developments;...
Yes, this commentary posts job and product announcements, and there are some today. But here’s a tip, job-seekers: be careful about what you send to HR. Speaking of being careful, I received this note:...
View ArticleSep. 10: Wholesale & retail jobs, ARM buyer sought; housing hot markets;...
For those who follow legal news, and those interested in not only “blowing the whistle” on other companies but also in “ratting out” co-workers and executives of your own company, “the Justice...
View ArticleSep. 11: Bank M&A; TRID is everywhere; the cost of regulation for banks &...
Just when I think I know everything, along comes… shemitah. Huh? Industry vet David Wind alerted me to the fact that the end of the Shemitah year is on Sept. 13. During the last two cycles, we...
View ArticleSep. 12: Notes about medical collections’ impact on credit, CFPB & community...
After the announcement of Tammy Butler as the editor of Mortgage Women Magazine came this tongue-in-cheek note from a fellow over in California. “It’s my opinion that men are underrepresented in the...
View ArticleSep. 14: Retail & wholesale jobs; another False Claims settlement; credit...
One of the problems with servicing loans in Hawai’i, or even for “mainlanders” originating loans there, is name pronunciation. How does someone from El Paso or Boston ask a borrower in Kauai if they...
View ArticleSep. 15: LO & sales management jobs; the intersections of regulation,...
A recent MBA Chart of the Week focused on the Independent Mortgage Banks net production income and purchase share. The independent mortgage banks and subsidiaries of charted banks reported a net gain...
View ArticleSep. 16: Retail opportunity, rental history product; trends in credit scores,...
You can now review every federal agency (even the CFPB) on Yelp. There is an agreement in place that allows agencies to claim pages and respond to reviewers. Thanks to a new agreement between the...
View ArticleSep. 17: Retail & wholesale jobs; cybercrime continues to hit lenders; TRID...
I bet for every person a company has dedicated to stopping cybercrime there are 10 somewhere else trying to perpetrate it. Just yesterday I received an e-mail from a CEO of a mid-size lender to the...
View ArticleSep. 18: Ops & LO jobs; lender TRID updates; lender’s FHA & VA changes; FOMC...
“Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term.” Is that statement by the Fed a...
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