Loan Think

A former reverse mortgage loan officer introduced his concept involving referral groups at the Florida Association of Mortgage Professionals show.

It sounds like people are optimistic about Freddie Mac’s recent risk-sharing transaction even though they have some questions about them.

Barry Habib, chief market strategist for Residential Finance, said the latest CoreLogic HPI report is very encouraging because it does account for some of the recent rise in rates.

As Gen. Douglas McArthur said, “Age wrinkles the body. Quitting wrinkles the soul.”

We're hearing when economic times are hardest, the mortgage industry seems to become the most generous.

The desire to responsibly and successfully own a home is growing again within the hearts of families.

We're hearing there's a general expectation that purchase mortgage lending will pick up as refinancings continue to decline over the next four quarters.

Under the Making Home Affordable programs there can be a benefit for both the homeowner and the industry that many may have overlooked.

Higher rates, thinner margins and changing in secondary market appetites are driving retail lenders toward multiple loan buyers and potential mergers.

The CFPB has issued a formal policy in which it encourages lenders to come forward and provides specific guidelines as to the extent of forgiveness.