Loan Think

Late last week National Mortgages News reported that although mortgage employment was essentially flat in May, that loan brokerage firms have been hiring. But as we report today, a big stumbling block to richer brokerage hiring remains: finding LOs who are licensed and “ready to go.”

THIS JUST IN: Is a new subprime lender about to emerge? I know of one industry veteran who hopes to secure financing to originate nonprime low LTV mortgages.

I really don’t see a problem with books in general; however, books that offer sales training and/or guidance are usually too long and complicated, too short, to be effective.

It appears mortgage brokerage firms across the nation are hiring – so says Don Frommeyer, senior vice president of Amtrust Mortgage Funding, Carmel, Ind.

From time to time non-originating branches can be appropriate, however, they are not a "solution" to paying profit to managers who truly want to continue originating loans.

We have been named a finalist for an Azbee Award, for two editorials done in 2011, and also have been named winner of an award from the Native American Journalists Association, again for an editorial from 2011.

The Consumer Financial Protection Bureau is planning stronger disclosure requirements for reverse mortgages as more evidence emerges that senior citizens are using the product without fully understanding its main features and risks.

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.”