Loan Think

Lenders of all sizes are looking into becoming servicers, bringing us full circle back to the days when virtually every lender serviced their own loans.

It’s (almost) late summer and what better time to throw out a ‘loose ends’ blog on several story leads, ideas, and thoughts that have been knocking around my head (and inbox) of late.

Fannie Mae and Freddie Mac might be able to repay taxpayers in less than five years.

The California Association of Mortgage Professionals annual convention is a gathering of survivors, and the message at the opening session was that there are more cuts ahead.

In making lenders responsible for servicers’ compliance controls, the Consumer Financial Protection Bureau further expands lenders' responsibility for borrowers.

How long will Fannie Mae and Freddie Mac stay this profitable? Answer: as long as their cost of funds (courtesy of Uncle Sam) stays at next to nothing, and the yield on their interest earning assets remains healthy.

Will other correspondent buyers of residential loans follow in the wake of PHH Mortgage and exit the third-party channel?

But rest assured, the CFPB will get around to auditing just about every nonbank lender of any decent size.

Technology at home is about wants, while technology at work should be about needs—business needs.

Whoever writes the copy for the Blondie comic strip has to have a marketing and motivation background. Once again, this strip has some marketing advice that is dead on for any person in a sales position, let alone a mortgage originator.