Archive for opinion
Private Mortgage Insurance Under Fire = New Opportunity For Whistleblowers
by Brian Mahany and Anthony Dietz The Consumer Financial Protection Bureau – CFPB for short – was formed less than 2 years ago but has proven itself to have some muscle. Although Congress… Read more
Hey, Where Did Everybody Go?
Has anybody else noticed the number of job postings in the mortgage sector lately? And that they seem to linger for weeks and months on end? I am not surprised at all…in fact I have been… Read more
Media and Market Overreact As Usual to Weaker Housing Data
The mainstream financial media breathlessly proclaimed the worst housing data in x months this morning, on the release of the Commerce Department’s monthly new home sales data. I won’t go… Read more
Mainstream Media Gets It Wrong; In Unintentional Truth-Telling, NAR Shows House Market Strengthening
NAR data for May confirms earlier data from CoreLogic, Dataquick, and Department of Numbers.com that housing prices continued to make new 12 month highs in May and that, contrary to the mainstream… Read more
On the Trail of a New Species of Fraud
The discovery of a previously unknown form of life, any kind of life, fascinates us. The innate fascination with the discovery of a previously unknown form of life, extinct or living, fuels many… Read more
The “Nine Lives” Of Allied Home Mortgage – HUD Goes For Kill Shot
Folk legend says cats have 9 lives. People don’t. Anyone following the storied career of Jim Hodge and Allied / AllQuestHome Mortgage might feel otherwise. We are confident, however, that the game… Read more
Breaking News: Lloyd’s Bailing on Embattled Allied Home Mortgage
By now, most of our readers and many in the mortgage industry know that we have the largest federal false claims action in the U.S., HUD’s $2.4 billion case against Allied Home Mortgage and CEO Jim… Read more
Are the Freddie HARP Rumors True?
You may have been hearing (also experiencing) a substantial amount of turn downs on HARP loans using LP and Open Access. I have had personal experience with this in trying to refi my rental… Read more
Most Lead-Gen Mortgage Firms Sell Themselves Short
One of my favorite lines from the movie Caddyshack was when Judge Smailes bragged about his golf game. “You should play with Dr. Beeper and myself. He’s been club champion three years… 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
