Loan Think

Weather-wise, we're having a relatively placid season. But legal and regulatory developments are a different story when it comes to lender-placed insurance.

This is true whether you are looking to run a half-marathon or become a top originator.

In about six years, by 2020, one out of three adult Americans will be a Millennial. By 2025, they will make up about 75% of the workforce.

Though there is still a year for mortgage lenders to get in compliance with the Consumer Financial Protection Bureau's document changes, the perils of missing that deadline are considerable.

Building awareness and trust in your company helps to get new customers.

The overall message – that mini-correspondents were intended as transitions, not permanent business models – means that the loan channel would be examined for consistency with the intended purpose.

This is what CFPB will be looking for to determine if a mini-correspondent really is a mortgage banker or a mortgage broker.

Minority borrowers, as a group, are more likely to use the same lender again and more likely to comment about the experience in social media.

Selling loans into the secondary market was a good strategy for housing finance agencies when rates were falling, but now they are said to be heading back to traditional bond financings to boost their balance sheets.

Just when you thought the exotic issues regarding residential default had all been discovered, discussed and litigated, here comes the so-called zombie foreclosure.