According to many economists, consumers are prepared for rising interest rates. This statement is backed by examining, not only consumption behaviors, but the willingness of...
Over the last several years the residential lending industry has lamented practically every change. Y2K, LO comp, QM, TRID, the list goes on and on,...
Jobs and housing drive the economy, and each of those is influenced by consumer’s behavior, optimism, and thoughts of the future. Optimistic people are more...
In February, the Federal Housing Finance Agency (FHFA) issued a strategic plan for its ongoing conservatorship of Freddie Mac and Fannie Mae (the GSEs). The...
Does anyone remember the “fiscal cliff”? Sure, many believe that Congress will overcome their partisan politics and extend many of the provisions, kicking the can...
We are hard-pressed to pick up a newspaper or listen to a newscast without seeing or hearing something about bankruptcies, foreclosures, or the credit crisis...
On October 24th the Federal Housing Finance Agency (FHFA), Fannie Mae, and Freddie Mac announced several changes to the Home Affordable Refinance Program (HARP) in...
Every once in a while a rumor or somewhat-substantiated story sweeps through the mortgage banking world about some radical proposal. On the trading desks it...
We currently live in a world where roughly 90% of the mortgage production is linked to a particular government agency. Industry observers will tell you...
Although the mortgage banking industry initially “dragged its feet” in becoming aware of the potential impact on mortgage lending (some would say “danger”) within the...