Archive for General
ISM in Wonderland Media Reporting Versus Reality–Which Do You Prefer?
Originally posted at the Wall Street Examiner. The big economic news story on Monday was the ISM Purchasing Managers Index. The headline number was only mildly positive, but it was enough so that… Read more
Think You Have A Good Mortgage Fraud Case?
Many serious cases of fraud are not readily discernable. That should come as no surprise – those perpetrating the fraud spend much time and energy concealing it and convincing their victims that all… Read more
HARP 2.0 Refinance – “Responsible” Homeowners Get Their Reward
In November 2011 the Obama administration announced an overhaul on the Home Affordable Refinance Program (HARP). Much needed and anticipated, HARP Refinance 2.0 stands to provide relief to a LOT… 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
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
Glimmers of Housing Hope In Mortgage Applications Data
Originally posted at The Wall Street Examiner. Purchase mortgage applications rose 6.4% last week according to the Mortgage Bankers Association and major media outlets. As always, the media report… Read more
BEA Adjusts Second Quarter GDP Growth Back Upward
This article has been contributed by the Consumer Metrics Institute. The Bureau of Economic Analysis’s (BEA) third estimate of second quarter 2011 U.S. Gross Domestic Product (GDP) was reported to… Read more
The FHFA Enterprise… The Final Voyage?
In a speech at the American Mortgage Conference in Raleigh, NC this week, the director of the FHFA, Edward DeMarco, elevated Fannie and Freddie from mere GSE’s (government sponsored entities)… Read more
If We Don’t Call It a Stimulus Package, Then…
So the President gave his speech and for me it did not disappoint. It was everything I expected and more. The stern look that lets all of us know that this unemployment thing is NOT his fault. … Read more
