Loan Think

We’re hearing private label mortgage-backed securities investors still face challenges to when it comes to amassing the consensus needed to have optimal access to information and leverage in litigation.

This is a model that small originators can use to build their businesses on a local level.

Companies that allow employees to store work data and communication on their tablets, cell phones or personal laptops need to have a model for handling electronic discovery when litigation occurs.

The GSEs will be lenient when it comes to enforcing the QM rule’s 3% cap.

The cost of doing a regression analysis has come down. When one compares the cost of a $5,000 analysis to a $12 million settlement, its fairly clear why it pays not to guesstimate.

Will the Consumer Financial Protection Bureau hold the loan officer liable?

A pre-approval letter should come from a major lender and not some “no name” mortgage broker.

With the new compliance requirements and rules from government entities including the Consumer Finance Protection Bureau, we have now stepped into the age of a new normal.

The new rules will result in underwriters placing additional scrutiny on these applicants.

When choosing either to fight or take flight, in the mortgage industry it is causing significant M&A activity.