(Except from MarketLogics 5-18-15) Imagine that data quality and appropriate manufacturing of mortgage loans really do matter. Think about this quote from the NYTimes…
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May 18, 2015
Are Wells Fargo’s Loans Too Safe to Fail?
Senate Banking Chair, Richard Shelby, introduced regulatory relief legislation known as the “Financial Regulatory Improvement Act of 2015”. Among other things, this Act calls…
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May 12, 2015
Looking to Purchase or Finance a Bed and Breakfast?
Your options are limited! Lenders beware – the financing of Bed & Breakfast facilities can result in a Repurchase or Indemnification Agreement Request. Recently,…
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May 5, 2015
Utility vs. For Profit
(Excerpt from MarketLogics 5/5/15) It is amazing how mortgage banking is so entrepreneurial, compared to the lack of innovation from the other industries that…
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April 24, 2015
The Gloves Come Off
Now, here’s the other side. The DOJ has filed suit against Quicken loans for the improper origination of FHA-insured loans (Return Fire). DOJ alleges…
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April 23, 2015
Real Whistle Blower of New Jersey
You may know him better from the reality TV show on Bravo, “Real Housewives of New Jersey”, but Jim Marchese, a mortgage lender, is…
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April 22, 2015
Turnabout is Fair Play
Have you heard about the one where the lender sues the government for false accusations? Who says you can’t fight city hall? One lender,…
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April 15, 2015
Time Marches On
Shockingly, a recent survey, done by Capsilon Corp, a company providing cloud-based document sharing, imaging and collaboration for business, reveals that a large number…
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April 10, 2015
“With Great Power, Comes Great Responsibility”
As it was said to a young Peter Parker (aka Spiderman) by his Uncle Ben. This is now so true when it comes to…
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March 31, 2015
Hop to It!
Last week there was some rumbling about the possibility of the CFPB extending the start date for the required new TRID rules. Don’t get…
