The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

A real estate professor weighs in on the future of MLSs

According to research done by Sonia Gilbukh, a real estate professor at Baruch College, there are some reasons to be concerned about the current number of real estate agents and the future of MLSs.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Politics & MoneyMortgageSponsored Content

Law firm works with MBA’s Action Alliance to pursue regulatory relief

Black, Mann & Graham provides lenders training on LO comp issues

The Consumer Financial Protection Bureau’s Loan Originator Compensation rule has proven to be a controversial topic among mortgage lenders. Nearly 250 senior executives organized by the Mortgage Bankers Association sent a letter to the CFPB asking for significant changes to the rule last year. Lenders continue to push toward an LO comp rule change as it presents multiple challenges in today’s mortgage environment. Black, Mann & Graham, one of Texas’ largest document preparation law firms, provides lenders training on LO comp issues and is working with the MBA’s Action Alliance to pursue regulatory relief.

“Loan originators should be allowed to ‘share in the pain’ with the lenders when the loan originator makes a mistake or when a concession is necessary to save a deal,” said BM&G’s Founder and Managing Partner Tom Black.

BM&G provides three primary areas of expertise to its clients:

Residential Mortgage Document Preparation Preparing more than a million residential mortgage loan packages since establishment, BM&G serves federal and state-chartered banks, mortgage bankers, brokers and credit unions for quick, accurate and compliant closing documents across all 50 states and the District of Columbia.

Loan Fulfillment Services These services eliminate the need for detailed and expensive back office operations. BM&G handles the clearing of all pre-closing, closing and funding conditions, including CD reviews/approvals, ordering the wire, funding and monitoring trailing documents, clearing stipulations and deficiencies, and shipping and stacking the closed loan package.

Mortgage Law Compliance BM&G attorneys draw from a wide range of legal knowledge and experience that benefits its clients.

BM&G attorneys previously served as executives at top mortgage companies, as general counsel to large lending institutions and as judicial clerks. BM&G has assisted in the drafting of instrumental legislation affecting mortgage law. With this background, BM&G attorneys regularly teach mortgage professionals about changes affecting the mortgage industry.

With deep knowledge and experience in lending, BM&G has a reputation for high-level service in the mortgage industry. BM&G covers multiple time zones with flexible staffing, guarantees access to attorneys, is active in multiple trade industry organizations and maintains multiple offices with a strong business continuity plan.

“At Black, Mann & Graham, we have three quality standards to which we hold or team members responsible,” Black said. “We will be prompt, personable and precise in our work. We pride ourselves on our turn time and we monitor it regularly. Our investment in technology will allow us to improve both our promptness and our precision.”


blackThomas E. Black, JR., Founder and Managing Partner

Founder and Managing Partner of BM&G, Thomas E. Black, Jr. was admitted to the practice of law in New York in 1979. He has also been admitted to the practice of law in Texas, Iowa and Washington. From 1984 until 1995, Black held the position of National Production Manager at several major lenders. Black now practices in the area of residential real estate law and represents clients that include some of the nation’s largest banks and mortgage companies. Black is a frequent lecturer at various mortgage-related seminars. For over 25 years, he taught in the Mortgage Bankers Association’s School of Mortgage Banking and was awarded the Faculty Fellow Award (1991) and the Master Faculty Fellow Award (2000) by the Association. 

Gregory Graham, Managing Partnergreg

Gregory S. Graham is a founding partner of BM&G has practiced in the areas of real estate, litigation, and bankruptcy law since 1989, and is currently licensed in Texas and Georgia, and admitted to practice before the United States District and Bankruptcy Courts for the Northern and Eastern Districts of Texas. Graham is currently a member of the National Association of Mortgage Brokers/Professionals, National Mortgage Bankers Association, Texas Mortgage Bankers Association, Dallas Mortgage Bankers Association and the San Antonio Chapter of the Texas Association of Mortgage Professionals.


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Existing home sales pop the 2021 housing bubble boys

So far this year, every existing home sales print has been higher in 2021 than the closing level of sales in 2020, which was 5,640,000. Even with the unhealthy home price gains that we have seen in the last two years, more Americans have bought homes with mortgages in 2020 and 2021 than any single year from 2008-2019, and this looks perfectly normal with our current demographics. HW+ Premium Content

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3d rendering of a row of luxury townhouses along a street

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