"It's an important next step for HomeStar," said Bradley Trapnell, senior vice president of business development for HomeStar, who helped establish the Dallas location. "There are many incentives to having an office in Dallas; being close to mortgage servicing and investor clients, and having access to a tremendous base of industry talent was chief among them."
Where could the private market go next? How about sub, excuse me, non-prime loans. Remember that the QM regulation sets no requirements for credit scores or LTVs. A non-prime borrower with a low credit score and a small down payment seeking a fixed-rate 30-year loan could very well fit within the QM guidelines.
Today at ABS East, the mortgage investor conference I am attending in Miami, the topic du jour is regulation. The opening panel discussed the regulatory environment and whether it is helping or hindering the asset-backed securities market. This conversation has made me ask the fundamental question—why do we regulate in the first place?
Mere stats don't tell the real story of these outstanding leaders. They represent the whole spectrum of the housing economy, from real estate agents to originators to nonprofits. They lead companies, mentor others and give back to their communities. Read on to find out how each one is inspiring..
HousingWire covered the introduction of Costco into the mortgage lending space and it made the industry nervous. Lenders openly asked each other at conferences, “Who will be next? Google, Apple?” Well, that never happened. Here's the story why, in long-form feature. Read More
From both an operational and regulatory standpoint, the industry continues to progress as new technological advancements are made and new regulations and policies are implemented. While it is important to change with the times, it is equally important to define and maintain the very essence of your company’s own core vision and values, so that you can succeed regardless of the inevitable changes the industry will undergo. Read More