Loan Think

For the most part, qualified mortgage/Ability-to-Repay guidelines should provide a level of compliance certainty. But are they still too severe?

Regulators, creditors, accountants and shareholders all have increased focus on this asset. Basel III implementation may further exacerbate this.

The amendment provides certain exceptions to this Dodd-Frank requirement that loan originator compensation be included in the total permissible points and fees for both Qualified Mortgages and high-cost loans.

Homeowners are “under paper” and unable to close on a home sale or refi transaction because a mortgage satisfaction has never been recorded in the public records.

Thinking about my own father and about my role as a father to my three children.

Ask any of us in real estate-related businesses to describe the perfect closing experience and you’ll likely get minor variations on this theme.

Leveraging advanced data techniques works for retail lenders even when the big consumer direct lenders may be using the same techniques to battle for the same “in the market” consumers.

Just because you do not like the answer from your loan officer does not mean that the answer is wrong.

For successful mortgage originators, going in person to meet clients, instead of hiding behind email and social media, can make the difference between closing a sale or going back to the office frustrated.

The massive waves of 2005-2007 residential mortgage-backed securities downgrades have finally calmed down a bit, thanks largely to housing improvement.