Even After Warning, Buyers Do Things Which Kill Deals
- Desperate Borrower Tries to Find Immediate Funding. // National Mortgage News;5/7/2012, Vol. 36 Issue 32, p1
The article presents a conversation involving a borrower desperate to get funding to buy a home and several mortgage lenders in the U.S. Adelphos said it is impossible for the borrower to get immediate funding for his loan. Entrust Equity Funding LLC said the borrower could not close the deal...
- Loan Broker Share May Still Be Dropping. Muolo, Paul // National Mortgage News;9/20/2010, Vol. 34 Issue 50, p1
The article reports on the 30% decrease in loan broker share in 2010 in the U.S.
- Wholesale Hits a New Low Despite Signs of Life. Muolo, Paul // National Mortgage News;6/14/2010, Vol. 34 Issue 37, p1
The article reports on data compiled by "National Mortgage News," which show that originations through the wholesale/broker sector achieved an all-time low in the first quarter of 2010.
- Former NAMB Chief Trying to Curb HVCC Rule. Collins, Brian; Muolo, Paul // National Mortgage News;3/15/2010, Vol. 34 Issue 24, p3
The article reports on the plan proposed by former National Association of Mortgage Brokers (NAMB) president Marc Savitt that would require mortgage loan originators and appraisers to pay $10 each at the closing table to reduce the need for the Home Valuation Code of Conduct (HVCC) rule in the U.S.
- Integrity Captures Borrower, Even More Than Experience. Sichelman, Lew // Mortgage Servicing News;Jun2010, Vol. 14 Issue 6, p22
The article reports on the suggestion of QFS Group president Patricia Sherlock that the hiring process of lenders for mortgage loan officers should be based on personal traits, mainly integrity, rather than experience to deal and approach with consumers in the U.S.
- STRAW POLL: Strong-arm tactics on LTVs is needed. // Mortgage Strategy;8/23/2010, p4
The article reports that only 54% of the readers of the journal "Mortgage Strategy Online" thought that the British government should force lenders to offer high loan-to-value (LTV) loans.
- Mod Scam Categories Emerging. Dymi, Amilda // National Mortgage News;9/20/2010, Vol. 34 Issue 50, p1
The article reports on the emergence of two categories of loan modification fraud in the U.S. According to Bill Payne of Leyh & Payne, fraudsters find it easy to get away with the two categories of fraud because of the economic downturn. The first type is conducted by people who are looking for...
- Originators Also Still Have to Worry About Processing Risks. Sinnock, Bonnie // National Mortgage News;10/11/2010, Vol. 35 Issue 3, p5
In this article, the author discusses the processing risks on the servicing and origination side of the mortgage loan process in the U.S. According to chief executive officer (CEO) Allonhill Sue Allon, companies are going for the highest quality but, business to business fraud is still...
- Many Fraud Filings Said Broker-Related. Hopkins, Cheyenne // American Banker;5/14/2008, Vol. 173 Issue 93, p4
The article states that a majority of mortgage fraud reports filed by financial institutions are related to broker-originated loans. According to a report by the Financial Crimes Enforcement Network, "The SAR Activity Review--Trends, Tips & Issues," the incidence of mortgage fraud filings...