If there is one takeaway so far from the 2013 MBA Servicing Expo & Conference, it’s that compliance is king and the servicing industry is focused on the constant stream of mortgage servicing rights transfers currently surfacing in the market.
But the verdict on how to view the massive MSR transfers is still out from both a regulatory and compliance standpoint.
The Consumer Financial Protection Bureau's...
U.S. Housing Market Commentary
Posted by Kerri Ann Panchuk on 2/20/13 at 5:59pm
Posted by Troy Freedman on 2/20/13 at 3:28pm
You know the type: the borrower's lawyer contests foreclosures by challenging every aspect of your Complaint; he raises MERS as an issue when MERS is not even named in the mortgage; he serves boilerplate discovery requests (likely downloaded from the Internet) seeking documents about securitization when the loan was never even pooled or securitized; he requests the depositions of everyone involved with the loan; he sends nasty letters every other week making...
Posted by Megan Hopkins on 2/19/13 at 12:43pm
As buyer activity continues to increase, professionals in the real estate and lending industry are becoming increasingly competitive with their marketing approach it seems.
Century 21 seems to be at the head of the trend, investing in four commercials that aired during this year’s Super Bowl. But Prospect Mortgage isn’t far...
Posted by Bob Corcoran on 2/14/13 at 11:12am
One of the benefits of working in real estate is that there are several pillars where you can serve clients and make a nice living to boot. One of those is property management. It offers you the chance to supplement your traditional real estate income, or you can make it your full-time business.
That’s one reason I’ve decided to add a new program to my company designed specifically for agents and brokers interested in adding property management to their repertoire. It’s called, aptly...
Posted by Jacob Gaffney on 2/13/13 at 4:59pm
The God Made a Farmer ad from Ram Trucks that ran during the Superbowl now has more than 11 million pages views.
It also spawned a bevy of other 'God Mades' such as my tweet on February 4: "Financing for Ram trucks made possible via securitization, but "God made a banker" just not as catchy.
Two days later MarketWatch contributor Brett Arends posted a snarky version...
Posted by Megan Hopkins on 2/12/13 at 1:24pm
Most people think of "Breaking Bad," a television show about a man who runs a meth lab out of his trailer, as mere entertainment. But a recent article by CNNMoney suggests this may be more realistic and sadly more common than many think.
For potential homebuyers, there are a number of things to consider when buying a...
Posted by Megan Hopkins on 2/11/13 at 1:06pm
For those without a Valentine this year, the seemingly endless Hallmark, Kay Jeweler and Ghirardelli chocolate commercials are likely only depressing. But worry not, Trulia ($29.47 0.2%) has done its research and can tell you where to move to...
Posted by Brena Swanson on 5/22/13 at 12:37pm
Mortgage applications posted that the refinance share of overall mortgage activity slightly fell to 74% of total applications, the Mortgage Bankers Association said.
Despite the small drop, the refinance share of mortgage applications has hovered around 75% for quite some time.
But a quick look back in history paints...
Posted by Kerri Ann Panchuk on 3/29/13 at 3:27pm
If you thought Wall Street was the party of Republicans, or Democrats … think again.
Apparently, one Texas Republican, Jeb Hensarling, R-Texas, is causing the big banks and Wall Street to take notice as he steps up as chair of the House Financial Services Committee, the Wall Street Journal reports.
So what’s the problem? He’s a business guy right? Wrong.
The WSJ says Hensarling has made it clear, he is pro-free enterprise, not pro-business — or as the WSJ article...
Posted by Kerri Ann Panchuk on 2/20/13 at 9:39am
In January, the entire nation focused on the Consumer Financial Protection Bureau’s final definition of the “ability-to-repay” mortgage rule, which was designed to ensure reckless lending practices could never cause another housing crisis.
But one Congressman, Rep. Scott Garrett, (R-N.J.), believes despite the nation’s focus on the ability-to-repay rule, the current administration is unwittingly, or perhaps mistakenly, creating the same lack of clarity in lending that caused the...