Quote of the Week
The upfront insurance premium has been a deterrent to some prospective borrowers.Peter Bell, president, National Reverse Mortgage Lenders Association.
Reprints
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Top Stories
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Improving Productivity
Origination News | September 9
In todays mortgage market, there are three big challenges facing some lender customers of Wipro Gallagher Solutions. These include how to improve loan officer productivity in the branches or retail scenarios, dealing with compliance or loan quality, and third, the focus on customer service.
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Six Ways to Market To Ethnic Niches
September 9 | Free with Registration
One of my most long-lasting and profitable niches was working with an Asian community. No, Im not Asian. No, I do not speak the language. But I did understand their culture, their family structures, their mindset about money and their religious beliefs.
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More Coming on the Future of FanFred
What We're Hearing | September 9
What does the future hold for Fannie Mae and Freddie Mac? Most mortgage bankers I've talked to over the past month think that eventually the two will be replaced by some type of private system of guarantors who will be back-stopped by Uncle Sam and regulated by the Federal Housing Finance Agency.
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Retirement Luxuries Important to Boomers
Origination News | September 8
Over three-quarters of the Baby Boomer generation whose ages are between 45 and 65 said they are willing to spend less money now to have more to invest for a more comfortable lifestyle in the future.
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Reverse Mortgages....Change is Coming...Mindset Is Key
September 1 | Free with Registration
We all know the one thing that is certain in life is change. And change is coming in a big way to the reverse mortgage industry. How you prepare and how you handle change tells a lot about you and your future in the business.
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Gasp! A Hard Money Trade Group Rises
What We're Hearing | September 8
Not only has the hard money sector revived (ever so slightly, but a revival is a revival) but it has a new trade group. Its name is The American Association of Private Lenders and the group has even drafted a code of conduct for its members.
Editor's Choice
Building Referrals By Being Patient
Origination News | September 7
Giving clients a higher level of service has them spreading the word about Luke Chamberlin, who learned that lesson from his physician father.
Many Who Retake Exams Dont Do Well
Origination News | September 7 | Free with Registration
ST. LOUISMany mortgage originator license applicants who fail their national and state exams dont do very well if they decide to take the tests over again.
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Cantor CRE Seeking Originators for CMBS
Origination News | September 7
Cantor Commercial Real Estate, a new financing business aiming to originate what it describes as competitively underwritten loans for securitization, has been expanding across the country in major metropolitan areas and last month was looking to bring more origination staff on board.
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Preventing Anger in the Workplace
September 7 | Free with Registration
In the current issue of Origination News, I wrote an article that warned business owners about the damage an employee like former flight attendant Steve Slater can do to one's business.
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Ocwen Plans Layoffs at HomEq
What We're Hearing | September 7
A few days ago Ocwen Financial officially closed on its $1.3 billion purchase of HomEq Servicing, North Highlands, Calif. The purchase adds $26 billion of servicing rights to Ocwen's base of subprime receivables. (Figures courtesy of National Mortgage News and the Quarterly Data Report.)
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Are You Ready?
September 3
Believe me, spending time preparing and planning is never easy. But theyre critical. As residents of the Gulf Coast we know this all too well. Why? Because this is hurricane season and were constantly making sure we have plenty of flashlights, batteries, water, plywood, duct tape, easy-to-fix foods and plenty of wine (no sense in not being comfortable)!
Other Voices
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What the Fed Has and May Do
Origination News | August 27 | Free with Registration
Ben Bernanke, chairman of the Federal Reserve, discussed in an Aug. 27 speech the policies the Fed has been using to support economic recovery and price stability as well as some of the additional policy options it could consider, especially if the economic outlook were to deteriorate further.
Blog of the Week
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Obama's Mortgage Gift to All Consumers
What We're Hearing | September 3
THE BIG PICTURE: In the eyes of most of the business community President Obama can do no right. At least that's the way I view it. Perhaps I should stop talking to mortgage professionals and watching CNBC. The new unemployment numbers came out Friday and depending on which spinmeister you speak to, it was better than expected or a disappointment.
- Obama's Mortgage Gift to All Consumers
- FHA Refi Program for Underwater Loans Unveiled
- Fannie Holds Line on Servicer Delays of Foreclosures
- Borrowers Losing Their Homes are Staying in Them Longer
- FHFA Sets New Affordable Housing Goals for GSEs
- Foreclosures Drive Small Decrease in Underwater Homes
- Top Liquidation Techniques
- Texas AG Charges Home Loan Servicer With Violating Debt Collection Laws
- Cantor CRE Seeking Originators for CMBS
- BLS: Mortgage Jobs Increased in July
- Borrowers Losing Their Homes are Staying in Them Longer
- Top Liquidation Techniques
- Fannie Holds Line on Servicer Delays of Foreclosures
- Many Who Retake Exams Dont Do Well
- Hold Your Friends Close, Hold Your Borrowers Closer
- Expert Says Innovation is Key To Dealing With A Changing Marketplace
- Foreclosures Drive Small Decrease in Underwater Homes
- Underutilized Section 702 Short Sale Can Save Grace for All
- Above the deck: New Tools at FHA
- Fighting Fraud with Frank



