Archive for mortgage products
Speed-Reading the Mortgage Rules – July 2012 Updates!
The big news this month is the rescission of Mortgagee letter 2012-3—where FHA says they will no longer enforce the rules for collection accounts. However, the disputed account section of the… Read more
FHA Piles It On
Well, last month there were no FHA updates to report—but I just knew that the “silence” meant that they are dumping a bunch of changes on you—and what a dump It’s going to be. The big… Read more
Good News for Mortgage Rules…for a Change!
So I have some good news, and even more good news. First the good news–it seems like the rule makers have been on vacation, with eight updates over the last 30 days. In fact, this is the first… Read more
Free HARP 2.0 Class: Your Questions Answered
So, Here’s what we did…We asked MortgageCurrentcy fans “What do you want to know about HARP 2.0?” It’s now posted on our website — and it’s FREE! If you have other… 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
This Hurts My Brain… (On-Again, Off-Again Mortgage Origination Rules)
Can you guess how many rule updates affected JUST the origination side of the business this year? Just guess! Ok, I’ll tell you—it’s 259, or an average of 21 rule updates per month. To… 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
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
One Humongous, Sweeping Piece of Legislation – just 9 days from now!
Wow, this is one humongous, sweeping piece of legislation—but if I were to rename it, I’d call it the “Mortgage Misrepresentation and Deceptive Practices Act”—because the 19 rules prohibit a… 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
