REO Spike Unlikely, Says Clear Capital’s Alex Villacorta
PERSON OF THE WEEK: This week, MortgageOrb.com caught up with Dr. Alex Villacorta, Clear Capital's senior statistician, to get his thoughts on price...
The Consequences Of Too-Big-To-Fail On Community Banks
WORD ON THE STREET: Over the past 20 years, as the banking industry has consolidated into fewer and larger banks, a perennial question...
GSEs Sound Off On Responsible REO Sales
Selling real estate owned (REO) properties to owner-occupants and buyers who qualify for publicly funded housing programs remains an overarching goal of the...
How to Effectively Handle Your Repurchase Demands
REQUIRED READING: If your firm originated loans prior to 2009, you have buybacks and need to know how to defend yourself. Loan buyback...
Dan Thoms: The More Things Change…
PERSON THE WEEK: As the mortgage banking industry continues to keep up with the acute changes in regulation and policy - the Dodd-Frank Act,...
Is Elizabeth Warren Ready For Her Close-Up?
BLOG VIEW: Does the U.S. really need a Consumer Financial Protection Bureau? Probably not, but the Dodd-Frank Act gave us this new bureaucracy,...
Putting An End To Too-Big-To-Fail
WORD ON THE STREET: The new Financial Stability Oversight Council is directed to make recommendations to the Federal Reserve's Board of Governors 'concerning...
Liquidation Nation: New Options For Reducing Inventories
REQUIRED READING: Try as it might, the Home Affordable Modification Program (HAMP) cannot resolve the shadow inventory alone. With only a fraction of...
What Can Cloud Computing Offer Mortgage Bankers?
REQUIRED READING: Today's mortgage lenders fall into one of three categories: those that are growing faster than ever, those that are getting ready...
Are Foreclosures Funny?
BLOG VIEW: Hey, did you hear this joke that made its way around the Internet: 'The economy is so bad that seven out...
Fannie CEO Addresses FC Prevention, Book Of Business
WORD ON THE STREET: As we approach the second anniversary of the September 2008 global financial crisis, I'd like to give you my...
Florida’s Program For Unemployed Borrowers Grows In Scale
Additional funding announced last week by the U.S. Treasury Department will enable Florida's state housing finance agency to offer mortgage payment assistance to...
MLS Data: A Critical Element In Stopping Valuation Fraud
REQUIRED READING: As long as lenders have relied on property valuation to make lending decisions, there have been criminals who have manipulated this...
RealtyTrac’s Rick Sharga On Foreclosure Activity
PERSON OF THE WEEK: The latest foreclosure activity report from RealtyTrac, released last week, showed that while foreclosure filings grew nearly 4% from...
Why Does The White House Want To Kill The PACE Program?
BLOG VIEW: The old joke about the left hand not knowing what the right hand is doing seems to be in play when...
The Obama Administration Defends The Dodd-Frank Act
WORD ON THE STREET: President Obama inherited an economic and financial crisis more severe than any president since Franklin Roosevelt. The president responded...
A New REO Dilemma: SFR Rentals Vs. MDU Rentals
REQUIRED READING: Over the past two years, much of the industry's - as well as the government's - attention has focused on defaults...
Brian C. Coester And The State Of The Appraisal Sector
PERSON OF THE WEEK: The still-evolving state of mortgage banking has significantly redefined the responsibilities of appraisers. This week, MortgageOrb speaks with Brian...
Will Wal-Mart Try To Get Into Mortgage Banking?
BLOG VIEW: There appears to be a good deal of buzz on the Internet about the possibility of Wal-Mart getting a foothold in the...
Iowa’s Banking Superintendent Weighs In On CRE Liquidity Challenges
WORD ON THE STREET: The weakening of the U.S. economy has created a difficult environment for banks of all sizes. Banks are a...