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January 7, 2014

Short Takes: $87,500 a Year for a Flood Insurance Policy? / Industry Takes Note of W.J. Bradley Lawsuit Story / Tommy Lee Gets Part of LPS / Mortgage Credit Loosens Slightly / Ginnie Posts Strong Profits, But It’s No Fannie or Freddie

By Paul Muolo and

One mortgage executive had this to say about the W.J. Bradley case: “This is fascinating for the implications of whether the LO or the company owns the customer. As you know, LOs have their little black books (or thumb drives) of all their customers and their information."

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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