08
AUG
2017
health care costs can pull you under water iceberg

What Does Healthcare Have To Do With Housing?

Over the last month or so, aside from Russia, all we read and heard about in the news is the repeal and replacement of Obamacare and the epic fail by the Republicans in their attempts to do so. This is a passionate concern of many Americans, regardless of their political...
07
AUG
2017
Snapchat-Instagram-Stories-social-media

Are You a Snapchatter or an Instagramer?

In a world of social media and digital advertising, what is the best way to get noticed by potential users of you and your products? Many Realtors and Loan Officers are turning to Snapchat and Instagram Stories. Each will get out the word, just a little differently. The vast...
04
AUG
2017
brian-fitzpatrick-intelligent-data-extraction-imagine-data-that-matches-LOS

Are You Sure You Can Rely on Your LOS Data?

Think carefully before you answer. How many times, after closing, have you found that some information about the loan, the property, and/or the borrowers is inaccurate? The LOS data is only as good as the data that is input by humans… and humans make mistakes. Here’s a great...
03
AUG
2017

Ken Markison to Retire…Again!

MBA recently announced two promotions in their regulatory arena. Justin Wiseman is being promoted to Associate Vice President & Marketing Regulatory Counsel, and Sara Singhas is being promoted to Associate Regulatory Counsel, mainly responsible for all servicing issues....
02
AUG
2017
technology-human-loan-originator-hybrid-LO

Keeping the LO in Loan Originations

With all the buzz around implementations using technology and a digital loan process, some say the role of the loan originator (LO) may be diminished, if not eliminated. Recent studies have shown that, although many homebuyers want access to a digital process that is online, they...
01
AUG
2017
its-the-economy-stupid-james-carville-rent-home-own

It’s the Economy, Stupid!

To borrow a slight variation of a phrase used by James Carville, campaign strategist to President Bill Clinton, the economy is dictating what is happening in the housing markets and homeownership rates. Recent studies by the Pew Research Center, a nonpartisan fact tank in...
31
JUL
2017
1-percent-down-loan-freddie-mac

Freddie Closes the Door on “1% Down Loans”

Not too long ago, the rage was all about loans being offered by various lenders with a minimum of a 1% down payment coming from the borrower. Freddie Mac was the secondary source purchasing these loans. This was done to increase homeownership by reducing the amount needed upfront...
28
JUL
2017
CFPB-QM-ATR-deadline-request-for-comment

CFPB QM/ATR Assessment

Hey, did I tell you that the CFPB is in process of their required review of the effects of the QM/ATR rules implemented under Dodd-Frank? Well, they are! CFPB is looking into several lending areas to determine to successes or failures of the new rules. They’ll be reviewing...
27
JUL
2017
FHFA-RFI-LEP-PL-translation

Did You Comment on FHFA’s LEP Borrower Proposals?

  Did you know that the Federal Housing Financing Agency (FHFA) put out a Request for Input for Improving Language Access in Mortgage Lending and Servicing? You should respond because what they propose may have a drastic impact on how mortgage lending and servicing is done...
26
JUL
2017
What-Millennials-Look-For-mortgage-loan

Do You Have What Millennials Are Looking For?

By now, I believe that mortgage lenders are aware of the importance of the Millennial generation. In a world of shrinking opportunities for new originations, this generation represents an oasis for business. How do you make it through the desert to drink from the Millennial pool...