Archive for November, 2011
The Yo-Yo Effect: VA Funding Fees And HR 647
If you closed a VA loan on Nov 18, 19 or 20th (I know that 19th and 20th were a Saturday and Sunday—but you never know), according to the fees in effect at the time, the loan should have closed at… Read more
Scattered To The Winds–Mortgage Folks Change Careers
Nobody can deny that the mortgage industry has been shrinking, and continues to do so. But where are people going? Which industries have absorbed the tens of thousands of loan officers,… Read more
The Future Of Real Estate
I’ve made a new video. It’s called “The Future Of Real Estate”. It’s very educational, and it’s entertaining. Have a… Read more
Mortgage Rule & Regulation Updates – November 2011
Let’s start these updates with some good news out of Freddie. They are relaxing some of the income verification requirements when it comes to Social Security, retirement, survivor and… Read more
No Truth Coming From Mortgage Bankers Ass.
From the Wall Street Examiner. Apparently the MBAss. (Mortgage Bankers Association) didn’t like the fact that someone in the financial blogo-wackosphere actually had the temerity to make use of… Read more
MERS And Recording – Past, Present, And Future (Pt. 3-A New System)
This is part 3 of a three part series. See also Part 1 and Part 2. The Solution The innovation of MERS into the mortgage and recording process has led to wholesale changes in mortgage… Read more
MERS And Recording – Past, Present, And Future (Pt. 2-Securitization)
This is part 2 of a three part series. See Part 1 and Part 3. The Securitization of Loans Loan Securitization is one of the key elements in mortgage lending today. The securitization of… Read more
MERS And Recording – Past, Present, And Future (Pt. 1-Recording)
This is Part 1 of a three part series. See Part 2 and Part 3. Is the Current Recording Process Sufficient for Today’s Complex Financial Instruments? Can MERS Resolve the Issues? An… Read more
