A lawyer friend of mine once told me that if Americans were smart they wouldn’t get out of bed in the morning without first consulting with their attorney. Of course, this smacks of self-preservation. And this friend -- a mortgage attorney to boot -- has a license to practice law in the legal capital of America: New York State. Where am I going with this? Answer: as federal and state regulators continue to heap more regulations on lenders and servicers, it stands to reason that these companies will require the special services of all sorts of vendors (regulatory, legal, and so on) to navigate the treacherous mortgage waters that now exist in this country. Already, I know of a few firms that, for a fee, will help you obtain your Ginnie Mae eagle. And then there’s mortgage compliance. Who says excessive regulation doesn't create jobs?
AUG 30, 2012
- Nationwide Title Clearing (NTC) Comments on Newly Enacted Mortgage Rules, Expects Market-Driven Effect on Company Practices
- Interthinx: Jumbo Loans Present Much Higher Fraud Risk in Recent Quarter
- Rushmore Loan Management Services Announces Approval as a Freddie Mac Seller/Servicer Company Also Receives Positive Rating from S&P
- DocMagic and Veri-Tax Deploy Automated IRS Tax Transcript Retrieval Tool for Lenders
- AmeriSave Mortgage President Retires, New President Announced