Loan Think

While the U.S. Supreme Court decision on "Obamacare" did not put the issue to rest, it has in many quarters turned the debate around to the importance for everyone to be attuned to his or her health. This is the latest in a series of items from a contributor who wishes to remain anonymous. His point is that to be successful in the mortgage business, you need to remain healthy.

It's not easy being a residential property appraiser these days.

It’s no secret that the mortgage industry – loan brokers in particular – hate the Consumer Financial Protection Bureau’s loan officer compensation proposal, especially any language that offers ‘flat fee’ payments to companies or originators. Comments about the proposal are still being filed and some trade group officials (speaking off-the-record) contend that the “fix is in” and that the young agency is more concerned with meeting the rule making deadline of early 2013 instead of “getting it right.”

It's no secret that many of our cities are financially strapped for cash as their expenses continue to outweigh their revenues year after year.However, declaring bankruptcy is not necessarily the answer.

American icon Dick Clark died recently at the age of 82. He is best known for hosting the television show “American Bandstand” as far back as the 1950s to three decades at the helm of “Dick Clark’s New Year’s Rockin’ Eve” all the way up to this past Dec. 31. But what many people don’t know is that Clark also created and hosted several TV game shows and owned a chain of restaurants.

Do relevant regulations permit a bank or AMC to assign an appraisal on a Cairo, Georgia-based property to an appraiser whose office is physically located in Tallahassee, Florida? I suggest three key regulatory issues.

In this blog, I have written on numerous occasions about telemarketing calls I have received which I think are examples of bad marketing. I think I should give some time to those calls that might have a strategy worth exploring.

If you think there couldn't possibly be yet another new requirement facing servicers, think again.

Some friends and I recently decided to do a "staycation" in Scottsdale, Ariz. The experience was horrendous, but they taught me several valuable lessons about our industry.

For those lenders who decide not to pay the penalty under the new healthcare law, and instead provide insurance there are certain practical realities to consider.