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HMDA Data Testing, TPO HELOC; MSR Risk Mgt. Products; CFPB to pay $6 Million

Ahead of Groundhog Day tomorrow, one realizes that our industry certainly has its share of unexpected ups and downs. The latest example of a “down” is Mike Gill, a SVP of Capital Markets at the Housing Policy Council, who is fighting for his life after a shooting during a car-jack. Let’s all think positive thoughts! In other “people who make a difference” news, Brian Levy has some nice words to say about ex-MBA president and FHA Commissioner Dave Stevens in his...
United States Jeremy Foster Peter Briggs Nikki James Aubrey Gilmore Jeff Gerner

Hedging, Broker Products; It's HMDA Reporting Season; Jobs Data Moving Rates

Now is about the time when you stop saying “Happy New Year,” either because it is no longer relevant, or you’ve forgotten who you’ve said it to. Lenders and vendors know that the “ability to repay” rules are both relevant and should not be forgotten, and attorney and Mortgage Musing blog author Brian Levy’s latest Musing’s discusses the importance of the Dodd Frank Act’s Ability to Repay Rule and how that keeps both lenders and borro...
United States Fannie Mae Homeready Freddie Mac Mike Fawaz Market Committee Lender Services

Broker, Fulfillment, Servicing Software Products; Housing for the Aging Population

If someone reports their company for tax evasion in the U.S., he or she will receive 30 percent of the amount collected. Have you ever loaned someone money and had them not pay you back? Here’s one thing that you can do to them (IRS’ 1099-C). While we’re on the general topic, despite strong retirement savings, Fidelity Investments' Q3 2023 analysis reveals a surge in hardship withdrawals and 401(k) loans, addressing short-term financial challenges. By the numbers: 3 ...
United States Gen Xers Glenn Stearns Us Census Bureau Blender Software Lendingtree Mortgage Down Payment Help

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TPO and Correspondent, Non-Agency Best Ex, Verification; Equity Figures for Refis; STRATMOR on Customer Experience

Talk can be humorous. "That lowdown scoundrel deserves to be kicked to death by a jackass, and I'm just the one to do it." (Attributed to a congressional candidate in Texas.) Here in Dallas, mortgage talk is certainly wide-ranging and varied as there’s a lot going on out there as we head toward Thanksgiving week, including cost cutting, M&A, and Fair Lending. Today’s Rundown features Feliks Viner, VP of Capital Markets with First World Mortgage...
South Carolina United States North Carolina San Francisco Mike Seminari Chandra Srivastava

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