Loan Think

If you and your staff are suffering from email overload, here is a list of handy shortcuts to use when corresponding to help get the message through.

In the wake of confusion about the status of pre-approvals, an expert on compliance seeks to clarify, but exhorts the CFPB to do so, officially, "prior to the effective date of the new rule."

A new loan program will allow borrowers to put down even less than the 3% down payment mortgage programs to be offered by Fannie Mae and Freddie Mac. This move and others like it, while laudable, will no doubt ensure increasing default rates.

The CFPB wants to expand banks' data reporting requirements under the Home Mortgage Disclosure Act. But this would impose even greater costs upon local financial institutions that are already overburdened by regulation.

Today's college students are the mortgage borrowers of the future. They'll expect mobile interactions with lenders, but engaging them with the technology can be trickier than building the perfect bracket.

The U.S. Supreme Court Fair Labor and Standards Ruling will likely revitalize interest from the plaintiffs’ bar regarding FLSA claims against lenders, who continue to struggle with legal compliance on this issue.

Right now policy makers, industry participants and advocates are no doubt discussing how to remedy the housing industry's problems. Their discussions are based on assumptions that might not be correct.

A new book by the American Enterprise Institute's Peter Wallison reveals how a government push to lower credit standards brought about the housing crisis — and why a new effort to expand homeownership could inadvertently set the stage for a fresh disaster.

The FHA forward loan program has helped millions of families finance homes and is poised to thrive if untangled from HECM in the MMI. FHA’s ability to serve these families should not be affected by issues associated with the HECM program.

Lenders should carefully evaluate their business practices and the importance of an actual pre-approval process in the context of their operations.