Loan Think

In the circles in which I travel, discussions related to the Consumer Financial Protection Bureau have not been favorable.

We're hearing that the days of 30-year fixed mortgage rates below 4% may be over.

Any time there are regulatory changes there is a direct and significant impact on the technology required by originators and servicers to conduct daily business.

We're hearing Hurricane Sandy is back in the news, with New York City unveiling an ambitious plan to beef up storm defenses and HUD announcing a design competition focusing on building more resilient structures.

The Home Valuation Code of Conduct's spirit lives on with “Appraiser Independence Requirements” and amendments to the Truth in Lending Act.

Resistance will use whatever tactics necessary to take you out and keep you from fulfilling your destiny.

We're hearing the Corker-Warner GSE reform bill will really drive up the cost of plain-vanilla mortgages.

It is advisable for entities proposing to use the rule to script out what a teller says to a customer to avoid crossing any lines that would render the person an originator.

The Guide covers amendments to the Rule made December 2012.when the FTC revised the Rule to adopt a narrower definition of “creditor.”

One niche mortgage loan product which may be underutilized is the reverse mortgage.