Are you aware that FHA declared June as National Homeownership Month? They even have a theme: “Dare to Own the Dream.” Sounds a little…
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June 2, 2016
It Pays to Blow the Whistle
The good news (to some) is that DOJ’s lawsuit with a $1.27 billion penalty against Bank of America was tossed by the appeals court….
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May 31, 2016
The Right Stuff
With all the chatter lately about the bad and the ugly in the mortgage business, I wanted to concentrate on the good. We read…
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May 27, 2016
Gerry’s Last Blog Post: Going Forward with Reverse Mortgages
HUD/FHA announced several substantial proposed changes in its Home Equity Conversion Mortgage (HECM) policy & procedures on May 18th. These changes are primarily…
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May 26, 2016
“Live” Training Opportunity for Lenders
HUD/FHA recently announced that they will be conducting an all-day, instructor-led training seminar for lenders with the primary focus on the Single Family Housing…
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May 25, 2016
Guild Mortgage in DOJ’s Crosshairs
Once again we find the Department of Justice out to protect the “…housing market the FHA fund…,” according to Benjamin Mizer, the principal deputy…
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May 10, 2016
A Little Knowledge Will Go a Long Way
The other day, I wrote about the TRID panel I moderated at our recent inaugural LoanLogics’ User’s Conference at the Sawgrass Marriott in Florida….
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April 29, 2016
Director Cordray “Tear Down That Wall”
There may be some light at the end of the TRID tunnel, and it’s not HMDA coming this way (just yet). In a letter…
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April 28, 2016
Get an LO Pre-Nup
The recent decision in California in favor of Irvine-based, Mount Olympus Mortgage against Guaranteed Mortgage and a former Loan Originator, for corporate espionage (stealing…
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April 15, 2016
The Return of Customer Service
Most companies like to boast that they provide great customer service. I once attended a bank’s 5-year planning meeting where the facilitator asked, “How…
