Loan Think

In forging the fiscal cliff deal that the House and Senate passed last Tuesday, Congress left the mortgage interest deduction vulnerable.

Another product option for the upside-down mortgage borrower.

I am increasingly asked about whether subjective "performance" bonuses payable to loan officers are compliant.

If you are a mortgage broker who has customers that are veterans, and/or if you market VA mortgage loans to veterans, you may need to do some damage control thanks to some bad apples.

Mortgage people need to toe the mark or CFPB may tow it for you.

The downfall to new technology is that it can feel much like paving the freeway during rush hour—it is very complicated, fraught with risk and susceptible to failure.

Although mortgage servicers hire field service companies to preserve these properties, the property will deteriorate without a tenant or occupant no matter how much maintenance work is completed.

While the qualified mortgage definition is approaching a deadline this month, there are some in the securitized market worried about the rulemaking dragging on.

There’s still an awful lot of damage and debris to be cleaned up in the wake of Hurricane Sandy, with staggering problems for those whose property was in low-lying coastal areas.

Currently, real estate owned entering the market has slowed to about 55,000 a month, compared to 70,000 a year ago.