07
NOV
2016
too-little-too-late-obama-administration

Housing Policy: Is It Too Little – Too Late?

As the Obama Administration is winding down, the Treasury Department issued a paper that may be considered the administration’s final word on Housing policy. The paper indicates that reform efforts should focus on providing access to credit and affordable rental housing...
04
NOV
2016
gse-bailout-fannie-mae-freddie-mac

Mortgage Financing: Is the Government Infringing on the Private Sector

With the crash of 2008, the federal government took over the largest purchasers of conventional mortgage loans in this country; Fannie Mae and Freddie Mac. They said this was done to protect the taxpayers against major losses that might be sustained by these agencies. (Takeover)...
03
NOV
2016
sofi-refinance-student-loans-mortgage

SoFi Finds A Way To Keep The Refis Coming

Sofi announced a program with Fannie Mae to refinance homeowners with sufficient equity to cover some or all of their student loan debt. It’s estimated that such a program may benefit as many as 8.5 million households throughout the US. Now, that’s a lotta people. With the...
02
NOV
2016
boomerang-buyers-are-back-2017-2018

‘Boomerang Buyers’ Are Back!

Homeowners who lost their homes in the crash of 2008 are poised to make a comeback into the housing market. More evidence of a potential for improvement in home purchases in 2017 and 2018. This means more home purchases, more financing opportunities for mortgage lenders. That’s...
01
NOV
2016
innovation-mortgage-lenders

Mortgages: It’s Time to Get Creative (Again)

Innovation is the new buzz word in mortgage lending. The talk at this year’s MBA conference in Boston was all about technology and what can be done to streamline operations, reduce costs and improve loan quality. What a difference a year makes. Last year at this time we were just...
31
OCT
2016
ups-downs-mortgage-housing-opportunities

The Ups and Downs of Housing and Mortgage Opportunities

The Mortgage Bankers Association has forecasted a sharp rise in home purchases in 2017 and 2018. As a result, based on their most recent predictions, home purchase mortgage originations in 2017 will be about $1.1 trillion, growing to around $1.18 trillion in 2018. Great news for...
28
OCT
2016
mba-annual-conference-2016-mortgage-community-boston

MBA Focuses on Technology, Diversity & Regulations

All the big hitters from the mortgage community gathered this week in Boston to discuss and learn about what’s happening in mortgage lending and where do we go from here. In the opening session, the theme was set. The economy is improving (or so they say) and the outlook for...
27
OCT
2016
cfpb-trid-know-before-your-owe

Do TRID Changes Go Far Enough?

The comment period for the changes to the CFPB “Know before You Owe” rule, better known to the industry as TRID, was up October 18th. The industry groups, i.e. MBA, ABA, CBA, etc. all submitted their comments. Did you? CFPB proposed several changes to the TRID rules based on...
26
OCT
2016
cfpb-news-qm

In Other CFPB News; QM Safe Harbor and PHH Response

Besides the recent ruling in the PHH case, there are other things happening with the CFPB. First, some good news. Dodd-Frank requires the CFPB to review and assess the effects of any rules implemented under the Act. Accordingly, even though it’s only been 3 years since we got the...
25
OCT
2016
vanishing-low-interest-rates

Are These Low Rates a Thing of the Past?

I recently attended the Northeast Conference of Mortgage Brokers and Professionals at Harrah’s Resort and Casino in Atlantic City. I sat in on a presentation where the general gist of the conversion was that we have seen rates go about a low as they’re going to go for a while....