Tag Archives: mortgage banking

Free Lunch – This Time It’s Different or History Repeats Itself?

2008 financial crisis

Summary: With easy money coming back into the market, borrowers who should not be borrowing getting loans and the economy at a tipping point is the history of the financial crisis about to repeat itself? Will the return to ‘easier’ lending practices in markets spanning mortgages, student loans and used cars pose a problem? Problem for the […]

Survey Evidence Concerning The Current Strength Of The U.S. Commercial And Residential Real Estate Markets!

real estate,commercial,residential

Summary: What are the players at the heart of real estate saying about the overall strength of the market? Read the survey results in this article to find out! Each month Zelman and Assoc. conducts a Title Agent Survey that asks a variety of questions concerning month over month deal flow! This deal flow covers new commercial and residential […]

Forget FICO Scores? ‘Homeownership is an integral part of the American Dream’!

Hmmmm…Where and when have I heard the phrase “Home ownership is an integral part of the American Dream?” before? Was it in statements concerning the Community Redevelopment Act (CRA)* and that period in American history leading up to the great financial crisis of 2008? A time in residential real estate when basically anyone with a pulse could be […]

97%+ Loan-To-Value Mortgage Loans: It’s Deja Vu’ All Over Again!

residential mortgage,mortgage underwriting,Fannie Mae,RMBS

Residential mortgage-backed securities (RMBS) stuffed with sub-prime “liar loans’ were at ground zero of the 2008 financial crisis and, guess what… They’re Ba-ack! Not stated loans per se but in a new program from Fannie Mae called HomeReady Mortgages, 97%-plus Loan-to-Value loans become possible ‘based not on the borrowers income (which is too low) but on “non-borrowers” […]

Derivatives 101: Great Financial Tool Or Sinister Financial Time Bomb?

derivatives,wall street,banks

Derivatives…Derivatives? D-E-R-I-V-A-T-I-V-E-S! Most if not everyone who reads this article has heard the term derivatives at some point in time. And when they have, it’s likely been in the context of how these financial instruments that are not typically seen and not really understood by the masses are actually fiscal time bombs that, if ever detonated, could bring […]

Caution…Delayed Closings Ahead…TRID Is Coming October 3rd!

With the implementation of the new mortgage disclosure requirements on the horizon, aka TRID, will the result be delayed residential real estate closings? On September 21st in an article titled ‘TRID And Residential Mortgages: How It Will Significantly Change The Loan Process!‘, the who, what where and how of the new mortgage disclosure requirements were […]

Banking: TRID implementation delayed, mortgage lenders dodge a bullet! (Sample Forms)

TRID,mortgage lending,consumer protection

New mortgage disclosure rules or TRID (TILA-RESPA Integrated Disclosures), scheduled to take effect on August 1, 2015, will now be implemented two months later on October 1st! The delay in the implementation of TRID, designed to replace Truth-in-Lending and the Real Estate Settlement Procedures, was mandated because the CFPB (Consumer Financial Protection Bureau) missed a filing […]