Loan Think

We’re beginning to hear reports that some large megabanks are starting to lose residential loan officers to nonbanks.

Two years ago some top ranked LOs were accepting jobs at depositories because they felt secure in working for a lender that had a future. But new LO compensation rules turned out to be more benign than many thought.

It is no secret that the changing market landscape has created new opportunities and threats for mortgage bankers.

When a jury cleared a midlevel executive of deception in a mortgage securities case it made it clear that the government needs to look higher up the food chain.

I’ve been to hundreds of mortgage meetings, and never once has the topic of the War of 1812 been raised. Until now.

The presidential election is heating up and according to emails I’ve received there’s evidence out there suggesting that not all mortgage bankers love GOP candidate Mitt Romney.

An ethical sales atmosphere starts at the corporate level.

Loan officer compensation rules do not distinguish between reverse mortgages and traditional mortgages, per se. Rather, they make other distinctions.

Confirmed: some banks are buying and funding nonprime mortgages -- but the effort is small.

File this under rumor: residential mortgages that are not eligible for sale to Fannie Mae/Freddie Mac/FHA (insurance) are being quietly originated and kept on the balance sheet of community lenders.