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Industry News

Time to End Confusion About Mortgages and Maternity

Industry News - Thu, 07/24/2014 - 14:52
Public officials must make it clear once and for all that the law forbids them to deny or delay a loan because an applicant is pregnant or on parental leave. There was already confusion about this part of the Fair Housing Act in past years, and the ability-to-repay rule that took effect in January has made it worse. ...
Categories: Industry News

Dealing with Mortgage Emergencies

Industry News - Wed, 07/23/2014 - 18:14
A big reason we have so many last-minute surprises is because data, documents and requests sit and wait until they are all ready for review by the next person in line.
Categories: Industry News

Outsource Providers Must Deliver Service Levels Above the Contract's Terms

Industry News - Wed, 07/23/2014 - 17:15
For outsourcers to supply value to the originators that hire them, they must do than simply meet the terms of the agreement.
Categories: Industry News

Warehouse Lenders' Appetite Is Big Enough for Non-QM Loans

Industry News - Tue, 07/22/2014 - 12:17
Warehouse lenders are severely aware of the potential risks of non-QM loans, but right now, they have a huge appetite for earnings and sustainability.
Categories: Industry News

To Prevent Repeats of Mortgage Disasters, Mentor Future Leaders

Industry News - Tue, 07/22/2014 - 11:23
Mentoring the newbies in the mortgage business may help them avoid boom-and-bust errors later in their careers. And it can be a personally satisfying thing to do as well.
Categories: Industry News

CFPB May Be the Best Thing Ever for Independent Mortgage Bankers

Industry News - Mon, 07/21/2014 - 14:00
The general perception in the mortgage industry is that the CFPB and their new regulations are like an albatross around the necks of mortgage companies, especially the smaller independents.
Categories: Industry News

CFPB Complaint Plan Invites Abuses, Assures Higher Costs

Industry News - Mon, 07/21/2014 - 13:49
Under the Consumer Financial Protection Bureau plan, lenders would need to respond to virtually every public complaint -- even those by consumers, disgruntled employees, and competitors that abuse this forum.
Categories: Industry News

To the Mortgage Customer, Everything Is an Emergency

Industry News - Wed, 07/16/2014 - 18:48
Like the ER, the mortgage process starts out with a high degree of both anxiety and frustration, especially at the beginning.
Categories: Industry News

The Evidence Is Clear: Housing Market Headed Back Downward

Industry News - Tue, 07/15/2014 - 16:04
With mounting indicators clearly showing that the so-called housing recovery was just an illusion, and many housing industry pundits who formerly touted the validity of said recovery now recanting their views, there should be no doubt that we are headed for another/further housing downturn.
Categories: Industry News

Time to Reevaluate the 'Mini-Correspondent' Model, ASAP

Industry News - Mon, 07/14/2014 - 13:34
The CFPB's guidance provides no specific rules or bright lines – leaving the agency the flexibility to call it how it sees it and reflecting a desire to regulate through enforcement.
Categories: Industry News

Team Building, in Sports and Mortgage Lending

Industry News - Thu, 07/10/2014 - 12:54
Just because a group of athletes or loan officers are the most skilled individual players does not mean that together they make the most capable team, writes Garth Graham.
Categories: Industry News

Middle Way on Mortgage Tax Deduction Aims to End Homelessness

Industry News - Tue, 07/08/2014 - 09:00
A nonprofit housing group has found an ambitious middle ground between those who oppose any change to the mortgage interest deduction untouched and those who say it must go.
Categories: Industry News

Supreme Court NLRB Decision Has Ripple Effects for Lenders

Industry News - Mon, 07/07/2014 - 13:49
A Supreme Court ruling overturning circuit court rulings in D.R. Horton Inc. v. the National Labor Relations Board is in question. This affects the enforceability of class waiver arbitration agreements.
Categories: Industry News

They're Not All Bad Guys: Mortgage Bankers Seeking Bank Charters

Industry News - Thu, 07/03/2014 - 16:03
Banking presents opportunities for non-depository mortgage companies seeking to boost competitiveness and expand market share.
Categories: Industry News

What Soccer and Mortgages Have in Common

Industry News - Thu, 07/03/2014 - 11:39
Like the World Cup knockout rounds, there are no ties in the mortgage race, you either win or you lose.
Categories: Industry News

The Fight to Save Low-Income Housing Tax Credits

Industry News - Wed, 07/02/2014 - 16:56
Though probably not endangered this year, low-income housing tax credits have been suggested for elimination often enough to alarm those who work with this important financing source for multifamily construction.
Categories: Industry News

It's What Your Loan Officers Say that Matters

Industry News - Mon, 06/30/2014 - 11:56
Loan officers have traditionally been on an island with borrowers, with little management involvement in an originator's communications with clients. Increasingly, lenders need to think about systems and/or protocols to ensure that such communications are handled properly.
Categories: Industry News

This Is Why Mortgage Credit Standards Have to Be Lowered

Industry News - Thu, 06/26/2014 - 14:51
Unless the industry is content to be a boutique player with a hugely smaller pool of potential borrowers, it had better emulate the Fed and ease on down the road.
Categories: Industry News

This Is Why Mortgage Credit Standards Have to Be Lowered

Industry News - Thu, 06/26/2014 - 14:51
Unless the industry is content to be a boutique player with a hugely smaller pool of potential borrowers, it had better emulate the Fed and ease on down the road.
Categories: Industry News

Mortgage Originators Can Rise to the Student-Debt Challenge

Industry News - Wed, 06/25/2014 - 16:51
It's going to become important for mortgage originators to educate prospective homeowners on actions they can take to lower their student loan payments, and thereby move them closer to homeownership.
Categories: Industry News

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