Mortgage Industry Trends

It’s Time to Get on With the Business of Business

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I don’t know about you, but I am fed up with the political BS going on in Washington, DC with the President, his cabinet, tweets, conversations, and the election.

It’s over! It’s time to get on with running the Country. The Democrats only interest is in discrediting Trump and blocking anything he tries to do. Regardless of any potential benefits to the citizens and/or the economy.

Like children who didn’t get their way, they lost the election, so now they throw their tantrums.

Congress needs to start paying attention to what is needed to keep the economy growing and protecting it from harm.

Lenders are concerned with both and most affected by:

  • Healthcare and tax reforms
  • GSE Disposition
  • Affordable housing
  • Job and income growth
  • Regulatory relief

 

The time has come to put aside all these petty differences and bogus issues.  Stop with the conspiracy theories and get to work on what’s important, making America great!

As Barack Obama so eloquently put it when he was elected, and carried both Houses, “…elections have consequences…”

It’s time for Americans to advise their elected officials to get to work on running the Country and stop looking for monsters in every closet.

These people were elected to do the bidding of the people. It’s about time they started to earn their keep.

That’s a tall order!

Michael Vitali

About the Author

Michael Vitali

Michael L. Vitali – Independent Consultant to the Mortgage Industry Mike Vitali is an independent consultant to the mortgage industry on matters concerning compliance and mortgage lending. He most recently served as the Senior Vice President and Chief Compliance Officer for LoanLogics, monitoring regulatory developments and their practical implications for the mortgage lending industry. His duties included research, interpretation, and analysis of existing and proposed legislation related to the industry in support of recommendations for policy and/or procedure changes to maintain continued quality and compliance with all applicable laws, rules and regulations, investor requirements, and standard mortgage practices. In his more than 40 years in the mortgage industry, in senior level management, he has gained experience in all areas of mortgage lending, risk management, and compliance. Mike is a past President of the MBA of Greater Philadelphia, is a charter member and was the second Chairman of the MBA of Pennsylvania, and a past board member and Legislative Chair of both associations. He is a recipient of the 1998 Mortgage Banker of the Year Award from the MBA of Greater Philadelphia, and the 2003 Chairman's Award from the MBA of PA, and currently serves on several compliance related task forces for MBA.
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Michael Vitali

About Michael Vitali

Michael L. Vitali – Independent Consultant to the Mortgage Industry Mike Vitali is an independent consultant to the mortgage industry on matters concerning compliance and mortgage lending. He most recently served as the Senior Vice President and Chief Compliance Officer for LoanLogics, monitoring regulatory developments and their practical implications for the mortgage lending industry. His duties included research, interpretation, and analysis of existing and proposed legislation related to the industry in support of recommendations for policy and/or procedure changes to maintain continued quality and compliance with all applicable laws, rules and regulations, investor requirements, and standard mortgage practices. In his more than 40 years in the mortgage industry, in senior level management, he has gained experience in all areas of mortgage lending, risk management, and compliance. Mike is a past President of the MBA of Greater Philadelphia, is a charter member and was the second Chairman of the MBA of Pennsylvania, and a past board member and Legislative Chair of both associations. He is a recipient of the 1998 Mortgage Banker of the Year Award from the MBA of Greater Philadelphia, and the 2003 Chairman's Award from the MBA of PA, and currently serves on several compliance related task forces for MBA.
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