MORTGAGE COMPLIANCE On August, 13, 2010, Fannie Mae clarified certain aspects of its Loan Quality Initiative requirements stated in its March 2, 2010 Announcement (SEL-2010-01). In the March update, Fannie "required lenders to determine that all debts of the borrower incurred or closed up to and concurrent with the [...]

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A statistician is someone who is good with numbers but lacks the personality to be an accountant.

What’s wrong with this picture: Rates are unbelievable, yet there are many companies out there who are barely doing any loans. Investors are backlogged and swamped, yet mortgage banking employment numbers are down significantly from only a year or [...]

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    Just as I was preparing to send the commentary out, this story flashed across the wires: Elin Nordegren was moved up to 4th on the PGA Tour career money list. Congratulations Elin. Some things make sense to me, some don’t. Recently I announced to [...]

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  Banks Repo Over 100,000 South Florida Properties Since 2007 – Posted by Michael Gerrity – According to Bal Harbour, Florida-based Condo Vultures, more than 100,000 properties – or an average of 2,300 per month – have been repossessed in the tricounty South Florida region since the [...]

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