Archive for mortgage implosion
Bank of America Freddie Mac and Fannie Mae Denials for Modification Sent Out In Error due to ‘System’ Mistake
Letters have been going out erroneously to borrowers with Bank of America letterhead stating the following: Bank of America, N.A. 5401 N Beach St TX2-977-01-34 Forth Worth, TX 76137 borrower… Read more
Lenders Eager for AEs….But Are They Ready for the Loans?
I think we can all agree that wholesale lending is showing some promising signs of recovery. Everywhere you look lenders are hiring AE’s. And not just in the high value, densely populated areas… Read more
Whistleblowers Reaping Millions From Mortgage Crisis
Since February, all the focus of mainstream media has been about how much of the $25 billion mortgage settlement will filter down to homeowners. For many the relief comes too late, although… Read more
“What Ronald Reagan said about the federal government…” (Mtg. Regs Update)
I’m sure that at some point in your life, you’ve heard the three biggest lies in the world…. “Your check is in the mail.” Or: “I promise I’ll respect you in the morning.” And as… 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
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
Wholesale AE’s, Ready to Jump Back In? watch out for ghosts….
The mortgage industry is beginning to show signs of life. Real signs, not numbers and percentages that can be manipulated to fit the mood, but job postings and new products. Whether… Read more
You’re All Wrong. Blame The APPRAISERS For The Mortgage Crisis
(I wrote this piece 14 months ago, at which time it appeared in business insider) For four years, person after person has told us who or what caused the mortgage crisis. They’ve blamed everyone… Read more
