Loan Think

Underwriting is back in style and underwriters are in high demand as the requirements of investors and regulatory considerations require more documentation and more scrutiny around whether a borrower can pay back the loan.

A cybersecurity firm claims many large and small mortgage lenders are being careless with customers’ personal and financial data.

Communities and governments would avoid having to deal with abandoned properties on a protracted basis, which pulls down local property values and creates an unnecessary backlog in the court system.

Originating loans secured by condominium apartments or multi-unit properties is similar to the process for single-family properties but their are some important distinctions.

Lenders don't want to make loans outside the Qualified Mortgage rule's tight debt-to-income standard. Young graduates don't want to add to their hefty monthly payments. Net effect: Fewer first-time buyers.

The emotional side of financing a home is often overlooked by loan officers.

The Mortgage Forgiveness Debt Relief Act played a key role in helping underwater homeowners keep their homes after the crash. But it may also have unwittingly encouraged strategic default.

Over the last year several decisions and regulatory actions suggest industry standards are soon going to become the way of life for lenders.

As interest rates increase, prepayment speeds are falling precipitously, extending the maturities of mortgage-backed securities, especially the guaranteed variety. This trend is likely to cause future declines in MBS values.

Has your company given you no training at all, some training or have they arranged for professional sales training?