Loan Think

Some industry officials are urging the Consumer Financial Protection Bureau to use its ‘exemption authority’ to exclude Fannie Mae, Freddie Mac, and FHA loans from its LO compensation proposals.

The question most people seem to be asking is whether the flat origination fee proposal is going to become law. While I do not have a crystal ball, here is my take on it: The CFPB's policy positions it will certainly err in favor of certain consumer groups over the industry, but won't do so when there is little to gain.

If you’re wondering why the nonperforming loan auction market hasn’t been more robust – especially given the fact that banks and the GSEs are sitting on billions of dollars in defaulted home mortgages – you can blame accounting rules, or so we’re told.

A debtor in bankruptcy proposes a Chapter 13 plan to strip a second mortgage as unsecured and is found to be still in good faith, the CFPB proposes rules that could make life more difficult for lenders and originators, five states loom large in foreclosures, two foreclosure-related bills move forward in California, and various types of mortgage-related fraud allegations in different areas continue to move through the court system.

How many houses would be built if it cost $1 million apiece to build modest single-family homes?

Being flat on your back for a couple of weeks gives you a lot of time to observe things, especially when it comes to marketing.

Is the Consumer Financial Protection Bureau lost when it comes to reengineering how loan officers and brokers can make a living? The words “confused” and “disorganized” are being used to describe the agency’s recent meetings with 17 professionals representing the “small” lending part of the industry.

When devising a mobile strategy, firms should pay close attention to three strategies that will help their mobile development succeed.

Two weeks ago, when industry officials met with the Consumer Financial Protection Bureau to discuss the agency’s proposals to reengineer how loan officers and brokers can make a living, it was a nightmare – a nightmare in the sense that few in attendance thought the agency understood the issues at hand.

Take a look at c-suites across the financial services industry and you will see a noteworthy decline in the number of women occupying the most powerful offices in America's banking industry.