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Loan Officer OT Pay Case Sent Back to Lower Court, Dealing a Blow to LOs

January 2, 2019
Brandon Ivey
According to the ruling by the appeals court, Citizens pays its LOs $11.50 an hour along with commissions based on volume…
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Short Takes: A Government Shutdown-Related Reminder from Fannie Mae / A Fundraising Record for MBA’s MORPAC / Rising Worries, Falling Rates / Nervous / AI Gets a New (Annual) President

January 2, 2019
Brandon Ivey and Paul Muolo
At press time, the yield on the benchmark 10-year Treasury was at 2.67 percent, the lowest reading in almost 12 months…
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Analysts Positive on VA’s Interim Rule on Cash-Out Refis, but…

December 31, 2018
George Brooks
The rule creates two types of cash-out refinances…
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Texas Capital’s Warehouse Business is Doing Well but Its Share Price is in the Dumps

December 31, 2018
Paul Muolo
Usually, Texas Capital doesn’t talk about its warehouse business, but EVP Jack Nunnery recently opened up a bit about what other warehouse lenders are saying…
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Industry Concerned About Shutdown and Effect on IRS Verifications, MBA Asks Treasury to Step In

December 31, 2018
Paul Muolo
MBA CEO Bob Broeksmit: “We have made our concerns known to Treasury and request that IRS employees performing this vital work be deemed essential so loan closings can continue without further interruption.”
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FEMA Reverses Course on Decision to Halt New Flood Policies

December 31, 2018
Brandon Ivey and Paul Muolo
The NAR called FEMA’s about-face a “critical win.”
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GSE Credit Scoring Models: The Future is Unwritten

December 31, 2018
Dennis Hollier
Fannie and Freddie tossed out the idea of creating their own internal models as impractical...
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Interest-Only Lending Declines in Third Quarter

December 31, 2018
Brandon Ivey
First Republic Bank, the top IO lender in the group, originated $1.68 billion of product…
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Short Takes: Worrying About the IRS / NRMLA Talking to Members about the HECM Situation / Most Underwriting Can Continue / Mnuchin’s Future / OCC Hires SBC Attorney

December 31, 2018
Paul Muolo
Capital Alpha Partners: “Mnuchin’s job is in danger the same as any cabinet member under Trump...."
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Employee Satisfaction at the CFPB Plunges

December 31, 2018
Yemeng Yang
A CFPB spokesperson said that 2018 was, no doubt, “a tumultuous year of great change.”
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