Why Bernanke isn’t advocating fiscal stimulus – By Neil Irwin -  Ezra Klein challenges me to explain why Federal Reserve Chairman Ben Bernanke isn’t beating the drum for more fiscal stimulus. It could, Ezra notes, reduce some of the pressure on the Fed to undertake unconventional [...]

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On a non-mortgage note, my son asked me, “At what age is it ok to tell a highway that it is adopted? At some point the highway will realize that it doesn’t look like the Kiwanis’s Club.” I would have told him to “keep his day job”, except he doesn’t have one as he prepares [...]

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To Our Clients, Colleagues and Friends,

For those of you who keep servicing and book the asset on your balance sheet, you can check SEC filings and earnings reports to see how other lenders value it.  For the second quarter, Wells Fargo carries its mortgage servicing at a very conservative 73 bps.  JPMorgan Chase carries theirs [...]

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MORTGAGE COMPLIANCE On July 28, 2010, the federal agencies issued final rules requiring residential mortgage loan originators (MLO) who are employees of national and state banks, savings associations, Farm Credit System institutions, credit unions, and certain of their subsidiaries (agency-regulated institutions) to meet the registration requirements of the Secure and Fair [...]

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