Welcome to America; land of opportunity. That includes the opportunity to defraud mortgage lenders and banks when getting a loan. (Chicago Tribune article on…
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February 4, 2016
Score Wars: The Sequel
If you recall, I recently wrote about the intention of Fannie and Freddie to begin requiring a new expanded credit score model. This new…
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December 23, 2015
TRID Just Before Closing
It’s just before closing, a new disclosure is due, To allow the consumer, an amble review. The fees need be listed in each Section…
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December 1, 2015
Let’s Give Credit Where It Is Due; FHA Fund Rebounds
The results are in and the report is that the FHA insurance fund has made a fantastic comeback raising its capital requirement ratio to…
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November 11, 2015
Happy Veterans Day
I’m going to stray a little from my normal blog about industry information to take a moment to thank and honor all those who…
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November 10, 2015
Whistleblower Profits From Employer Violations
Just in case you missed it, Fifth Third Bancorp agreed to pay almost $85 million to settle charges brought about by a DOJ action…
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November 6, 2015
MBA’s MAA – Does it Again!
Although it is said that actions speak louder than words, sometimes when the two come together it can have a powerful effect. Such is…
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October 13, 2015
Proposed Changes in HUD’s Real Estate Owned (REO) Policies
On October 2, 2015, HUD published a Proposed Rule in the Federal Register that would implement some rather substantial changes in the way the…
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September 1, 2015
Warning: Agencies Purchase Risky Business
The FHA premium cut and agency low down payment loans were intended to increase homeownership among first-time and low to moderate income home buyers….
The CFPB celebrated its 4th birthday today, July 21st, 2015. In connection with this celebration, they issued an announcement highlighting all they’ve done over…
