I thought HW readers might be interested in a few items that appeared elsewhere today: Up first, I recently completed an interview with the folks at eFinanceDirectory on the mortgage market and where it’s headed — I’ve already receieved quite a bit of feedback on it. In it, I discuss my own views on what I see and hear taking place in the mortgage market, and where I think we’re headed. It’s the sort of stuff that I frankly try to limit doing here at HW (I prefer to focus on covering the events making the industry move). At any rate, I hope you find it thought-provoking. I also am a featured guest poster over at Blown Mortgage today while Morgan Brown is away on vacation — in my post there, I discuss a bit more about where I believe we’re headed with broker responsibility and the so-called fiduciary responsibility argument. If you haven’t heard about this issue yet, it’s high time you did. At any rate, have a good weekend. I’ll be posting some new commentary this weekend on a crazy new idea in securitization that is being eyed as a way out for investors and many troubled homeowners.
Some Weekend Reading
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Indiana senator explains his inquiries into reverse mortgages
Sen. Mike Braun offered insights into his recent letter to Ginnie Mae and the potential need for more scrutiny of the HECM and HMBS programs.