Back in the 1990s I spent a few years in the insurance/securities business. It was a decent gig back then; a lot of regulatory oversight, but not so much that I felt like I had an SEC investigator camped out in my lobby. Over the course of time, that changed, and it got to be [...]
I have long joked that being a mortgage loan processor who does not own a home makes me the real estate equivalent of a vegetarian butcher. My problem, like many of our clients, had always been that I did not have a sufficient down payment nor did I have a family member who could gift [...]
Well, I’ll tell you what… the economics profession sure has lost some points these past couple of years, wouldn’t you say? Sort of like the intelligence community did during the Bush presidency just a few years back. It pains me to see the profession relegated to being “The Pips,” to Barack Obama’s “Gladys,” if you [...]
What does Titan List & Mailing Services Provide? Titan List and Mailing Services is a complete marketing firm with over 13 years’ experience in the mortgage industry and its trends. Our approach to generating business for our clients relies heavily on utilizing targeted credit driven data through all 3 bureaus & pairing the data with [...]
Fannie: Compensating factors. Do you have a current list of what FNMA accepts as comp factors? Fannie does not provide a list of compensating factors. There is a Comprehensive Risk Assessment Worksheet that gives guidance for manual underwriting which might help however. * Reserves: the more the better, but at > 6 months and [...]
I had taken a brief ‘vacation’ from my column over the last few months, and I am glad to reappear in this fine publication. Sorry to those who agonized over my leave of absence and could not get their fix of the Tip of the Month, but here I am. Over four years ago, I [...]
(SOURCE Streettalklive.com) There has been a deluge of articles recently about the upticks in the housing data. The consensus is that these data points are surely pointing , finally, to a bottom in the depressing decline of real estate. Let me acknowledge that I do not dispute the improvement in the data regarding home starts, [...]
At Tuesday’s State of the Union Address, Obama announced that he would be creating a new task force within the Consumer Financial Protection Bureau to coordinate all investigations on the causes of the subprime mortgage crises. The man he picked to co-chair that task force is New York’s Attorney General, Eric Schneiderman. It’s not [...]
(Source Realtytrac) Average Foreclosure Price Up 1 Percent From Q2, Down 3 Percent From Year Ago Average Foreclosure Price 34 Percent Below Average Price of Non-Foreclosures IRVINE, Calif. – Jan. 26, 2012 — RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosures, today released its Q3 2011 U.S. Foreclosure Sales Report™, which shows that sales [...]
By The Niche Report A powerful alliance between the U.S. federal government and the New York State Attorney General to fight against mortgage fraud was announced by the White House early on Wednesday, January 25. President Barack Obama had previously announced on his State of the Union address the night before that he was calling [...]
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