What We're Hearing
Ted Cornwell | Jun 17
The National Security Agency spying scandal, sparked by news that the NSA has been monitoring phone and e-mail records of millions of Americans, could spill over into the mortgage industry.
What We're Hearing
Brian Collins and Mark Fogarty | Jun 14
Industry groups are growing skeptical about the prospects for a FHA reform bill as we get closer to the summer solstice.
What We're Hearing
John McDermott | Jun 13
Homeowners are “under paper” and unable to close on a home sale or refi transaction because a mortgage satisfaction has never been recorded in the public records.
What We're Hearing
Garth Graham | Jun 12
Leveraging advanced data techniques works for retail lenders even when the big consumer direct lenders may be using the same techniques to battle for the same “in the market” consumers.
What We're Hearing
Bonnie Sinnock | Jun 11
The massive waves of 2005-2007 residential mortgage-backed securities downgrades have finally calmed down a bit, thanks largely to housing improvement.
What We're Hearing
Ted Cornwell | Jun 10
Recent publicity surrounding high-profile convictions involving foreclosure rescue scams may be obscuring some good news: the prevalence of this type of fraud seems to be waning.
What We're Hearing
Brian Collins and Mark Fogarty | Jun 07
We're hearing that lenders are only going to make qualified mortgages that meet the ability-to-repay underwriting standards mandated by the Consumer Financial Protection Bureau.
What We're Hearing
John McDermott | Jun 06
We're hearing about foreclosure-related court decisions that coincidentally point out it may depend on where you live as to the legal outcome you may end up with.
What We're Hearing
Garth Graham | Jun 05
We're hearing that some folks enjoy my creative use of metaphors in my weekly columns, which at least proves that some mortgage bankers have a sense of humor even as times get tough.
What We're Hearing
Bonnie Sinnock | Jun 04
We're hearing that two key themes in a white paper by the Bipartisan Policy Center’s Housing Commission earlier this year—the future of the insurance role in the private-label mortgage-backed securities market and how that might be tied to Fannie Mae and Freddie Mac—are gaining momentum.
What We're Hearing
Ted Cornwell | Jun 03
We're hearing lenders are under increasing pressure to make sure nonpublic, personal information about their customers does not find its way into the public realm.
What We're Hearing
Brian Collins and Mark Fogarty | May 31
We're hearing the fight over the qualified mortgage rule will now move to Congress.
What We're Hearing
John McDermott | May 30
California's Department of Insurance recently served a cease-and-desist order on a company that it alleged was engaged in the business of title insurance without a license.
What We're Hearing
Garth Graham | May 29
We're hearing some people will tell you that there is plenty to fear in the modern mortgage lending business.
What We're Hearing
Ted Cornwell | May 28
We're hearing that an old joke that used to get passed around at mortgage conference cocktail receptions might not be as funny today as it was back then.
What We're Hearing
Brian Collins and Mark Fogarty | May 24
We're hearing it must be great to be a big builder—particularly one of the top 10 publicly traded home builders.
What We're Hearing
John McDermott | May 23
We're hearing about new rules in the works for mortgage and real estate professionals in New York.
What We're Hearing
Garth Graham | May 22
In the past two weeks I have written about how critical it is for mortgage companies to have an effective customer satisfaction measurement program.
What We're Hearing
Bonnie Sinnock | May 21
We're hearing the jumbo interest-only home loan popular with high-net-worth borrowers is still being made for now.
What We're Hearing
Ted Cornwell | May 20
Plenty of financial firms are underprepared or haven’t adequately tested their recovery plans.
What We're Hearing
Brian Collins and Mark Fogarty | May 17
We're hearing that it is going to take a concerted industry effort to get a legislative fix for the QM rule on loan officer compensation.
What We're Hearing
John McDermott | May 16
Remember that the three most important words in a real estate deal are location, location, location.
What We're Hearing
Garth Graham | May 15
We're hearing from a lot of mortgage originators that read my blog last week about the need to better measure borrower satisfaction with the mortgage process.
What We're Hearing
Bonnie Sinnock | May 14
We're hearing some institutional investors like a home equity sharing product that serves as a partial downpayment for consumers in return for a share of the home’s appreciation over time.
What We're Hearing
Ted Cornwell | May 13
We're hearing that the mortgage industry has some catching up to do when it comes to implementing electronic signatures.
What We're Hearing
Brian Collins and Mark Fogarty | May 10
We're hearing that the Consumer Financial Protection Bureau will be issuing new guidance on loan officer compensation in June.
What We're Hearing
John McDermott | May 09
In the Illinois Legislature a bill has overwhelmingly passed the House which is designed to reduce the filing of fraudulent documents with the county recorder of deeds.
What We're Hearing
Garth Graham | May 08
We're hearing there is a discipline that is completely lacking in the mortgage industry.
What We're Hearing
Bonnie Sinnock | May 07
We're hearing at the MBA’s secondary market conference that with many housing finance indicators and forecasts suggesting a downshift in refinancing and a modest pickup in purchases on the way, market participants do not want to be caught unprepared.
What We're Hearing
Ted Cornwell | May 06
We're hearing that cloud computing may weigh heavily on the future of mobile device management for the financial services industry—in a good way.
