Loan Think

AS OF MARCH 29, 2010 ALL HUD/FHA APPLICATION AND RENEWAL FEES ARE TO BE PAID ONLINE

In the mortgage business, risk management is a common term. After all, the mortgage originator has to manage several kinds of risks, including pipeline risk, property valuation risk and fraud risk.

WASHINGTON-The biggest Ginnie Mae mortgage-backed securities issuers cleaned house in the fourth quarter by buying a boatload of delinquent loans out of Ginnie pools, but its new president says that will not be repeated in upcoming quarters.

Recently I chaired a roundtable on industry issues at the Regional Conference of Mortgage Bankers Associations in Atlantic City, NJ. It was a pretty lively discussion of the challenges and issues facing the business these days.

We all have only 24 hours in a day. Are you making the most of it? To find out, take the test below.

Have your plan of attack ready in order to secure the most deals and generate the optimal income.

How are you planning to keep your loan volume up once the stimulus program ends?

For the last few days, I have received so many inquiries about the changes to the HECM fixed rate product that choosing a topic for this article required no thought on my part whatsoever - it was obvious.

REMINDER THAT REGULATION Z IN TILA REQUIRES YOU TO HAVE AN ESCROW ACCOUNT FOR HIGHER PRICED MORTGAGES

A mantra among businesses that have difficulty competing on price is that survival is based on the customer service level being provided.