Category Archives: Loan Officer News

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Mortgage Rates Hold Near Lows

Posted on by Greg Frost Jr.

Mortgage interest remained near annual lows last week, with the 30-year fixed rate averaging 4.51 percent compared to the year’s low of 4.49 percent reached three weeks ago. The 15-year fixed rate, meanwhile, stood fast at 3.69 percent after hitting … Continue reading

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Posted in Economy, Home loans, Homebuying, Loan Officer News | Leave a comment

Ellie Mae Refocuses on Mortgage Lenders

Posted on by Greg Frost Jr.

The decline of mortgage brokers has had a profound affect on loan origination system provider Ellie Mae. As indicated by the Pleasanton, Calif.-based company’s disclosures to the Securities and Exchange Commission, its customer base has shifted dramatically from broker to … Continue reading

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Posted in Economy, Loan Officer News, Mortgage technology | Leave a comment

Mortgage Broker Numbers Continue to Dwindle

Posted on by Greg Frost Jr.

Mortgage Broker numbers continued to dwindle in first quarter 2011 to the lowest level ever recorded by the National Association of Mortgage Brokers.  An industry that once accounted for more than 30% of residential mortgage originations funded less than 7% … Continue reading

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Posted in Announcements, Greg Frost Sr., Loan Officer News | Leave a comment

Mortgage Market Gains

Posted on by Greg Frost Jr.

Lifted by a 5 percent rise in adjustable-rate activity, new mortgage inquiries were 2 percent higher this week. Mortgage rates improved, refinance share shrank and the jumbo-conforming spread widened. At 211 for the week ended Friday, the U.S. Mortgage Market … Continue reading

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Posted in Announcements, Economy, Home loans, Loan Officer News, Mortgage News | Leave a comment

Fed Abandons Proposed TILA Rules

Posted on by Greg Frost Jr.

Finalization of new Truth-in-Lending-Act rules by the Federal Reserve will likely be abandoned — a move mortgage bankers have been lobbying for.A statement Tuesday indicated the Federal Reserve Board does not expect to finalize three pending rulemakings under Regulation Z, … Continue reading

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Posted in Announcements, Legislation, Loan Officer News | 1 Comment

LO Compensation Guidance Gets 11th Hour Treatment by Federal Reserve

Posted on by Greg Frost Jr.

The Board of Governors of the Federal Reserve System has announced the release of its “Compliance Guide to Small Entities” regarding Regulation Z: Loan Originator Compensation and Steering. The Compliance Guide summarizes and explains rules adopted by the Board, but … Continue reading

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Posted in Announcements, Loan Officer News, Loan Officer Opportunities, Loan Officers, Mortgage News | 1 Comment

What's the "brick" that could catapult you to success?

Posted on by Greg Frost

Technology is one of a very few places to look for a competitive edge. I embraced it early in my career and found that it helped set me apart. A couple of Twitter connections (Jwean and Andrewtberman) reminded me the … Continue reading

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Posted in Greg Frost Sr., Loan Officer News, Mortgage Innovation, Mortgage professional tips, Mortgage technology, Mortgage training, Professional development | Leave a comment

Greg Frost Sr.: Learn to succeed

Posted on by Greg Frost

The great breakthroughs in your life will come when you realize that you can learn anything you need to learn to accomplish any goal that you set for yourself.  This means that there are no limits on what you can … Continue reading

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Posted in Greg Frost Sr., Loan Officer News, Mortgage Banker News, Mortgage tips, Net Branch Opportunities, Net Branch Partners, Professional development | Leave a comment

#Albuquerque among MSAs removed from "distressed" list

Posted on by Greg Frost Jr.

Good news for the Duke City: Albuquerque is one of 105 metropolitan statistical areas (MSAs) to be taken off the PMI Distressed Markets List. As MortgageDaily.com reports (subscription required), the change is part of a spate of positive news: “Mortgage … Continue reading

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Posted in California, Economy, Loan Officer News, Mortgage / Credit, Mortgage Approval Process, Mortgage Banker News, Mortgage Insurance, Southern California | Leave a comment

FHA loans: Net worth timeline, new monthly scorecard

Posted on by Greg Frost Jr.

The Federal Housing Administration (FHA) has been busy recently. We’ve written before about a move to raise the minimum net worth worth requirements for loan originators. The FHA recently set out a timeline for implementation (MortgageDaily.com; subscription required). Among the … Continue reading

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Posted in Federal Housing Administration, FHA, Housing and Urban Development, HUD, Loan Officer News, Mortgage / Credit, Mortgage Banker News, Mortgage News, Mortgage rule changes, Mortgage rules, Net Branch Opportunities, News, Real Estate News | Leave a comment ← Older posts
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