The bill would make it easier for loan officers to continue working if they leave a bank to go to a nonbank or leave a state-licensed shop in one state to go to a new state.
With loan production suffering a noticeable decline in the first two months of the year, several small and medium-sized firms are struggling with profitability, causing intense speculation that the industry could be in for a wicked round of consolidation.
Gordon Albrecht, a senior director at specialty servicer FCI Lender Services, told IMFnews the new CFPB rules, in general, mean “more work and more servicing costs.”
Whatever happened to the “niceness” pledge that Carson wanted everyone there to take? Certainly, if there’s a need for niceness at HUD, it might be now…
According to a tally from Inside MBS & ABS, RBS/Greenwich Capital ranked second among all subprime MBS underwriters that brought deals to market from 2004 to 2007 with $261 billion.