3 quick takeaways from the mortgage conference happening right now

3 quick takeaways from the mortgage conference happening right now

Tidbits from SourceMedia Mortgage Servicing conference

New home sales plummet 14.5% in March

Spring buying season off with a whimper

4 metrics reveal California's true housing market

Foreclosures dwindle as home prices skyrocket

Items Tagged with 'Dodd-Frank'


Robbing...er, Regulating banks is where the money is

CFPB's HR trainee starting salary: $110,759
April 22, 2014
Gentleman bank robber Willie Sutton is famously (and incorrectly) remembered for saying he robbed banks “because that’s where the money is.” Turns out though, the real money is in being a bank regulator.
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Rentership society? Insider trading on Russian sanctions?

What We're Reading: The Good Friday edition
April 18, 2014
It’s a quiet Good Friday and with the markets closed and many off, it’s the perfect time to catch up on a little extracurricular reading.
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Fed standards will squeeze smaller AMCs

Heavy regulation is the new normal, one AMC says
April 4, 2014
The appraisal management industry has been waiting for months and now they are here: the federal banking and finance regulatory agencies’ proposal of minimum standards for home appraisers and appraisal management companies.
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From HW Magazine

Staying in the black

Outsourcing can mitigate declining mortgage volumes and increasing regulations
March 31, 2014
There are ways mortgage bankers can maintain reasonable profit margins while facing rapid volume changes, new mortgage rules and increasing investor requirements, writes industry expert David Green.
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Monday Morning Cup of Coffee: Fannie Mae to fine mortgage servicers

Fannie adds late fees and more mortgage news
March 30, 2014
The unintended consequences of banking regulations, federalizing home appraisers, Fannie Mae late fees and more in the Monday Morning Cup of Coffee.
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Final Dodd-Frank Act stress test guidance for medium firms arrives

First tests under rules to be conducted by March 31
March 5, 2014
Three regulatory agencies jointly issued final guidance on Wednesday for supervisory expectations for stress tests undertaken by financial firms whose assets total between $10 billion and $50 billion.
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From HW Magazine

True sale

The bank retreat from mortgage lending is just beginning
January 31, 2014
Recent data from the Mortgage Bankers Association shows the extent of the collapse of new applications for mortgages. The numbers are down 60% annually and reached a 13-year low. However, higher interest rates are not the chief reason for poor mortgage market performance by a long shot.
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5 ways the Volcker rule will destroy job creation

Compliance nightmare blocks capital for the engine of job creation
January 15, 2014
The Volcker Rule's labyrinth of rules and pointless regulations will turn off the tap of credit and capital to start-ups and small businesses — the source of most job creation — at a time when job creation is needed most and hits community banks good and hard.
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Hard proof Dodd-Frank isn't working

The GSEs just got played, big time
January 14, 2014
Reuters is running a pretty shocking exclusive right now. Apparently the FBI, of all agencies, is investigating the claim that derivative traders are front running swaps orders from Fannie Mae and Freddie Mac. It's all very shocking.
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Ability-to-repay rule: The good, the bad and the ugly

Discover Home Loans economist: 10% to 12% of loans won’t qualify under QM
January 10, 2014
QM and the ability-to-repay rule are here. So what to expect? A chief economist with a major lender estimates 10% to 12% of loans in the marketplace fall outside the new qualified mortgage rule definition. While trying times are ahead, it may not be as bad as it seems for everyone.
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