Loan Think

Part two of this three-part series covers what the Consumer Financial Protection Bureau wants to see from originators if they close loans in their own name.

In some cases lenders are using “safeguards” against for loans made outside the legal safe harbor for "qualified mortgages" that reprise old protections that did not work before.

Essent Group has priced a $267 million secondary public offering of its common stock.

Going from 5% to 3% may seem like a small difference, but depending on the details, it could mean thousands of new buyers into the market.

Here is an another product to offer your clients who are new to their homes or who have recently refinanced.

Everyone at the company needs to believe in the strategy and believe that they can be successful.

In loan officers' efforts to show they can meet the needs of one set of millennials, they shouldn't forget about the other buyers that can be helped.

Because the FHFA drew down vast amounts of taxpayer funds to "pay" for accounting provisions that would later be reversed, the GSEs remained saddled with in senior preferred stock that paid a dividend rate of 10%, until that rate was revised upward.

A fine levied against a relatively small lender shows that capitulating to the demands of staff on matters of lawful loan officer compensation is not a risk worth taking.

Fannie Mae has entered into deals with JPMorgan Chase and other companies that transfer some of the credit-loss risk on mortgage-backed securities to investors. Not only do these deals reduce the danger that taxpayers could be forced to cover the GSEs losses, they may help make mortgages more affordable.