A new entry for The Worry List

It’s been a while since I added to my Worry List, so now seems to be as good a time as any. You may recall that I keep this Worry List not to build high blood pressure or keep myself…

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Posted: Jan 14 2014
Tags: agencies, correspondent lending, emerging bankers, mortgage technology, servicing, The Worry List
Comments: 314

A few resolutions for the New Year

It’s time for the holidays and all of the festivity and comrarderie they bring. Of course, if you own a business, it’s also time to review your most recent year…and look ahead to 2014. With that in mind, here’s The…

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Posted: Dec 23 2013
Tags: correspondent lending, direct issuer, mini correspondent, mortgage lending, servicing
Comments: 2623

Instead of running for the hills, why not look for gold in them there hills?

So here we go again. You have heard all the slogans before…perhaps even from me. Trees don’t grow through the clouds. What goes up must come down. There will never be massive layoffs in the mortgage business again. People/customers just…

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Posted: Dec 17 2013
Tags: investors, mortgage lending, purchase market, servicing
Comments: 954

One more for The Worry List

As you may know, I keep a Worry List on behalf of my clients. As I’ve mentioned before, it’s not healthy to simply sit around and worry about potential threats, dangers and pitfalls. But it’s also pretty dangerous to live…

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Posted: Dec 03 2013
Tags: correspondent lending, mortgage lending, purchase market, refinance, servicing, warehouse lending, wholesale lending, worry list
Comments: 4689

Time to get liquid!

Boy oh boy is it ever time to get liquid! Before the interest rate increases happened, those bankers with very substantial balance sheets were living on easy street. Then the bomb hit. Suddenly, many of these stronger players lost a…

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Posted: Nov 13 2013
Tags: interest rate, mortgage lending, servicing, warehouse lending
Comments: 1719

A report from the front lines of the secondary market.

I’ve just returned from the MBA Secondary show in New York, and I’m pleased to report that it was a bit like a trip to the candy store. An excellent experience! The attendees were operating on all cylinders. This group…

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Posted: May 15 2013
Tags: jumbo, purchase, re-fi, second mortgage, secondary market, secondary marketing conference, servicing
Comments: 1682

A new day for FHA streamlines…what does it mean for the industry?

According to Paul Muolo and Brian Collins of National Mortgage News, “other national lenders besides Wells will be capping FHA Streamlines to only those mortgagors who are on their books already.” The two authors mention that they have been hearing…

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Posted: Jun 19 2012
Tags: caps, FHA streamline, servicing, warehouse lending, Wells Fargo
Comments: 1380