Loan Think

We heard an interesting one the other day and it goes like this: certain banks may be asking their residential loan officers to sign an agreement that says they will not pursue their LO mortgage license with the state.

The new Consumer Financial Protection Bureau servicing proposal would have minimal impact on large players. Smaller ones may be challenged.

In today's mortgage business, people want to partner with those they like and trust.

Determining a portfolio’s exact level of risk is particularly challenging due, in part, to the sheer volume of data and information requiring thorough review.

Another mortgage season will soon be upon us, and that is the meeting season.

Given the pace and complexity of changes impacting the mortgage industry, getting it right the first time can be quite a challenge.

If mortgage professionals feel like it’s hunting season on them, they have every right. Everywhere they look it appears that someone in government is trying to over-regulate their business, or sue them for alleged misdeeds that happened during the mortgage industry of yesteryear (pre-2008.)

When faced with a regulatory change that impacts business operations, there are two ways to view the challenge: as a crisis or as an opportunity.

On Monday, National Mortgage News will publish a story in its paper edition (yes, paper) that says the Federal Housing Finance Agency is working on language that will make GSE loans bullet proof from buybacks if they’ve been current for 36 months.

Everyone needs to tell the truth about appraisal turn times in this period of increased application volume.