Loan Think

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.

Let it be known for all to see: Treasury just doesn’t want 10% from the GSEs; it wants EVERY penny the two make going forward.

The upcoming presidential election will have a significant impact on compliance but will not cause it to decrease.

The latest legal cases and regulatory actions from around the nation.

Shortly, the Federal Housing Finance Agency will come out with its parameters on what can – and can’t – trigger a buyback request from their wards, Fannie Mae and Freddie Mac.

Shortly, the Federal Housing Finance Agency will come out with its parameters on what can – and can’t – trigger a buyback request from their wards, Fannie Mae and Freddie Mac.