Loan Think

Most are still operating in an analog world and are losing existing clients to the competition.

There is a shortage of notaries and that is being made worse by those lenders that don't offer remote online notarization.

Rather than letting zombie properties sit vacant, selling them to new owners and getting them reoccupied, creates the desired outcome.

The higher charge on mortgages refinanced through Fannie Mae and Freddie Mac is supposed to cushion against a crisis but could contribute to one as the fees are passed on to struggling consumers.

In the past, the people that close the loan have been left out of developing this technology.

The FHFA director’s move this week to impose an “adverse market fee” of 0.5% on most refinanced mortgages will shift billions out of the hands of American consumers and into the hands of Fannie Mae and Freddie Mac — and their private shareholders.

The key word is "temporary" with the FHA's quality control waiver expiring and not likely to be renewed.

Whalen: "It is tempting to think that low interest rates will cure all ills in the housing sector, but this view is seriously in error, as we learned in 2008."

The new normal created by the events so far in 2020 could make this the best year ever for lenders.

The Financial Stability Oversight Council’s plan to study the market explains very little about which activities or firms, like Fannie Mae and Freddie Mac, will be designated as systemically important. Here's some clearer guidance.