As you probably know by now, Richard Cordray resigned as the inaugural Director of the Consumer Financial Protection Bureau (CFPB). With that, President Trump wasted little time in appointing his White House Budget Director, Mick Mulvaney, to replace Mr. Cordray. “Not so fast,” says Leandra English. Who? She was Director Cordray’s Chief of Staff. When Cordray decided to resign, he…
Thanksgiving Day comes but once a year. However, the thought and intention of giving thanks for all we share and have should continue throughout the year. LoanLogics give thanks to all our employees, investors, clients, business partners and vendors for their continued support and assistance. We give our sincere thanks for their input, efforts, hard work and dedication. Without them,…
Don’t look now, but with home values on the rise so is home equity. That means that homeowners may have a little more available cash built up in their home. This is cash that can be used for a myriad of reasons; from paying off existing high credit card debts to helping their kids and grandchildren pay off some of…
New HUD Secretary, Ben Carson, made it clear that FHA is concerned about lenders, especially banks, not participating in FHA lending, due to fears from potential False Claims Act (FCA) actions by the Department of Justice (DOJ). Secretary Carson made it quite clear that HUD wishes to bring more clarity into the FHA lending process when it comes to what…
Will we see any meaningful tax reform any time soon? Maybe, but what impact might it have on the housing market and our economy? Everybody seems to have their opinions. What’s yours? The problem as I see it is that the Republicans are working on tax reform to provide corporations and the so-called ‘middle class’ with some tax breaks. As…
Do you remember, the line from Top Gun when Maverick turned to Goose and says, “I feel the need, the need for speed!” It seems consumers may be feeling that way about the digital mortgage process. According to a recent J.D. Powers survey, 43% of all mortgage applications were done online. This was up from 28% a year ago; making…
