Entries Tagged as 'Rob Chrisman'

Earnings from Wells, Goldman, USB; 25 bp servicing going away? Freddie eliminates streamline refi program

January 19th, 2011 · No Comments

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Terrorists are now planting bombs in cans of alphabet soup. If one of them explodes it could spell disaster!
Of course, everyone in mortgage banking is hoping that 2011 is not a disaster. Remember - borrowers still borrowed money even when rates were in the high teens. That being said, not only did Freddie Mac recently [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

Chase earnings don’t disappoint; Large investor updates including good jumbo information

January 14th, 2011 · No Comments

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“Ok, we start with the side of a cow…” For you football fans out there, this is a big weekend, here is some non-mortgage information of great interest - video on how Wilson makes footballs! Any HR person will be amazed at the number of years these factory workers have been doing this

Folks wonder where [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

Feedback on reverse mortgages, Bank of Internet programs, and compensation question; MBIA chatter

January 13th, 2011 · No Comments

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When will someone buy THIS HOUSE?    Anyone? Anyone?
I don’t envision picket lines in the future, but the Mortgage Bankers Association filed suit against the U.S. Department of Labor under the Administrative Procedure Act which seeks to “set aside DOL’s Wage and Hour Division Administrator’s Interpretation No. 2010-1 that reversed and withdrew a 2006 opinion letter [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

More on Wells & USB & Mass. case; Citi’s comp plan; Also 13 separate investor, agency, & vendor updates

January 11th, 2011 · No Comments

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Last week’s Massachusetts’ court decision, involving Wells Fargo and US Bank, is garnering lots of discussion in the press. (The Massachusetts Supreme Court ruled against USB and Wells, upholding the opinion of the lower court that two foreclosures were invalid because the banks, acting on behalf of the securitization trusts, didn’t prove they owned the [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman