Yuri K. Shestopaloff Takes Mortgage Math To The Next Level
PERSON OF THE WEEK: In reviewing the roots of the economic crisis, it would not be flippant to question whether anyone involved in the...
The Next Crisis Lurks In Empty Piggy Banks
BLOG VIEW: In an article that appears in the current edition of Secondary Marketing Executive, Alex J. Pollock, a resident fellow at the American...
Correspondent Lending Races Down A Bumpy Road
REQUIRED READING: Jean Badciong has noticed the change in the correspondent lending sector - but, then again, it is hard for her not to...
A Deal From Uncle Sam: The Grandfather Rule
REQUIRED READING: We all like a good deal. The trick is to know a good deal when you see one and then take the...
Reconsidering The Housing Markets
REQUIRED READING: In the U.S. today, there are 9.2 million extremely low income (ELI) renter households (incomes of 0-30% of their area median) and...
The Miasma Of Strategic Default
BLOG VIEW: Most Americans agree: Walking away from your home is unacceptable. At least that was the conclusion drawn by a pair of recent...
MBA: Refi Is Up But Purchase Demand Hits A 13-Year Low
The Mortgage Bankers Association (MBA) reports that applications to refinance home loans jumped to a seven-month high last week, while purchase demand recorded...
CRA At The Crossroads
REQUIRED READING: Redlining, or the denial of services based on neighborhood, is pernicious. The practice thwarts opportunities for growth and leaves economic value on...
Memories Of The Future
BLOG VIEW: The first time I visited the New York Hilton was for my high school graduation. Along with the other 1,000 students in...
Data Standards Come To GSEs
ment-sponsored enterprises (GSEs) Freddie Mac and Fannie Mae, in concert with federal regulator the Federal Housing Finance Agency (FHFA), have developed the Uniform...
So Many Bees, So Little Honey
BLOG VIEW: The last time I was in New York was on the afternoon of May 1, which was the day of the failed...
Arm Your Shop Against FCRA Violation Claims
REQUIRED READING: The first article in this multi-part series provided a historical overview of the Fair Debt Collection Practices Act (FDCPA) and the...
Reversing Directions: Servicers Drive Short Sales Forward
REQUIRED READING: How do you transform complex and historically accidental transactions into tightly controlled, premeditated actions? That's the question facing many servicers today...
John Walsh Analyzes The Housing Markets
PERSON OF THE WEEK: On April 30, the federal home buyer tax credit program expired. Many people credited the program with spurring home...
Do You Hear What I Hear?
BLOG VIEW: In the past month, a new chorus has begun to take shape, and its loud voices are singing a fatalistic tune:...
Fitch Takes Actions On Pre-2005 Subprime RMBS Deals
Fitch Ratings has taken various rating actions on 720 pre-2005 vintage U.S. subprime residential mortgage-backed security (RMBS) transactions in the course of its...
FHA Appraisal Independence Policies Change The Playing Field
REQUIRED READING: The mortgage and appraisal industries have settled into and are working within the Home Valuation Code of Conduct (HVCC) that became...
Default Notices Fall; REOs Inch Higher
Foreclosure filings, which include default notices, scheduled auctions and bank repossessions, were reported on 333,837 properties in April - a 9% decrease from...
A Closer Look At Public Insurance Adjusting
The March 2010 edition of Servicing Management featured an article titled, 'Hazard Insurance Recovery: A Regulatory Overview.' Penned by Ronald R. Reitz, president...
Senate Moves To Ban YSPs, No-Doc Loans
New amendments approved by the Senate Wednesday would ban yield-spread premiums and stated-doc mortgages, as well as exempt qualified residential mortgages from risk-retention...