Loan Think

For at least the past 25 years the residential mortgage industry has gone through one refinance-driven boom-and-bust cycle after the other.

These laws will force our industry to get a backbone and ask the tough questions, and not assume our kids can do no wrong.

We only have to reflect on Long Term Capital Management, Fannie Mae and Freddie Mac to see the value in validating our models.

If you want to see what a housing recovery looks like on the ground, it’s time to visit Phoenix.

Regulators are increasingly examining institutions’ vendor risk management processes.

We're hearing that industry folks are hoping the Consumer Financial Protection Bureau will just use its regulatory authority to exclude loan originator compensation from the 3% points and fees cap.

A cap on points and fees in new qualified mortgage rules could put brokers and affiliate relationships in jeopardy.

Systems for new Consumer Financial Protection Bureau rules must be in a production-ready state several months before their “go-live” date early next year.

The explosion in the number of REOs became a great way for investors and consumers to purchase properties for a steal.

It would appear that a real estate salesperson selling a home to a buyer that refers the buyer to a particular loan originator or creditor (lender) or a loan originator that works for the lender and expects compensation becomes a loan originator.