This is my favorite time of year, other than Christmas. Not much can compete with Christmas in my book. March Madness comes close. The…
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March 14, 2018
Could This Be the Breakout Year for Non-QM?
Each year since the advent of the Qualified Mortgage (QM) and a consumer’s repayment ability being spelled out in TILA, the talk has been…
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February 2, 2018
HMDA Keeps Humming Along
The CFPB just released their new 2018 LAR (Loan/Application Register) formatting tool, with updates to their 2018 HMDA data reporting Instructions Guide. These can…
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November 22, 2017
A Thanksgiving Wish
Thanksgiving Day comes but once a year. However, the thought and intention of giving thanks for all we share and have should continue throughout…
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November 9, 2017
Are You Monitoring Your Employees’ Social Media Posts?
Social media has exploded in the last few years. Today, people have more ways to communicate through more channels, instantaneously. The speed of information,…
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November 6, 2017
Are You a Good Mortgage Lender?
I read an article in the newspaper the other day and yes, I still read the newspaper, which provided some tips to homebuyers for…
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October 31, 2017
Preferred Language Question is the Question
FHFA previously floated the possibility of adding another question to their new Uniform Residential Loan Application (URLA). This one has to do with an…
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October 19, 2017
Are You Protected On Social Media?
Lenders know that any advertising done via social media outlets must comply with applicable related federal and state law. Such laws do not now…
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October 6, 2017
And It’s Non-Bank Lenders By a Nose
It’s official (as if we didn’t know), according to the 2016 HMDA data, non-bank lenders made more mortgage loans than their bank counterparts. For…
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September 29, 2017
Risk of Fraud Increased Before Equifax Hack
Fraud risk increased in the second quarter of 2017; before the reports of the Equifax PII security breach. The national fraud risk index came…
