Mortgage Industry Trends

You are about to wire closing funds to the table, into the hands of a lawyer or settlement company employee you have never met before, but no worries because you have a Closing Protection Letter right

In retrospect, consumers, investors, central bankers, and now regulators all wonder what caused the once ethical mortgage banking to lose its sanity, while pursuing profits and pipeline deals.&nbsp

Well, it was inevitable. There is no time in American history when a crisis takes places and lawyers don't immediately circle the wagons like vultures seeking new prey.

I just love the way the stock market works. Its almost like a politician, blowing in the wind of the latest poll.

Market conditions in the mortgage industry are clearly forcing lenders to find better ways to conduct business in an effort to sustain themselves.

On the heels of the Bank of America announcement that they are going to acquire Countrywide, there is a flurry of announcements and transactions.

    At a time and place in the mortgage industry when the bottom line is getting awfully thin, lenders and brokers should remember that there are sources of revenue in the some very

SWF’s apparently have become the next savior for the unprecedented risks taken by financial and mortgage institutions during the last three to five years.  With over $4 trillion of investmen

SBMC was not a large lender, funding perhaps $4 Billion in 2007, nor were they an aggressive lender.

Its ironic that critics of Fannie Mae and Freddie Mac wanted the private markets to do more. For many, the private market works just fine. No need to interfere.