By most accounts, mortgage companies made “a ton” of money in 2009. By the way, $1 million dollars in $1 bills weighs about 2,200 pounds, or slightly more than one ton. But is everyone ready for 2011?
In the last quarter of 2010 Freddie Mac reported that 46% of homeowners who refinanced lowered their principal by [...]

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Jonathan Foxx is the President and Managing Director of Lenders Compliance Group.
Yesterday I notified you about the so-called "small entity compliance guide" issued on January 26, 2011 by the Federal Reserve Board. 
The "Guide" is inadequate, incomplete, and regurgitates most features of the "already known" aspects of the Regulation Z final rule amendments affecting loan [...]

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GSEs, QRM Definition/Risk Retention Could Shape Future PL MBS - By Bonnie Sinnock - It may not be clear when the private-label securitized market will come back, but the developments that will likely shape it are coming into focus: the government-sponsored enterprises and the pending qualified residential mortgage definition/risk retention regulation.  - [...]

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Dodd Frank Section:
(unintended consequence of Dodd Frank)) Interview with Stanford Law Professor Joseph Grundfest About the State of Securities Class Action Litigation - by Kevin LaCroix - … Q. … What are directors most concerned about these days? Are there particular liability exposures that you think directors are worried about? A: [...]

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