Loan Think

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.

On Monday morning a rumor was making the rounds that a decent sized loan brokerage firm was considering selling out to a mortgage banking company.

I’ve just seen a vision of the future. Not a vision of the mortgage future, but the future of the media business, as shown by the work of the student journalists who were all over the coverage of the UNITY 12 conference in Vegas.

We’ve been hearing whispers about a Fannie Mae nonperforming loan auction for several months now. We understand the GSE has been actively telling people it could happen by yearend or early 2013.

I know of two loan officers – one who worked for a bank, the other for a mid-sized nonbank – who recently gave notice and went out on their own to become mortgage brokers.

One of the biggest compliance and litigation risks for lenders involves the performance of branch managers.