wrote an interesting post today on
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If you’ve been following Ben Bernanke’s testimony on the Hill this week, you may have noticed him hinting about significant proposed changes to Reg Z and changes in how mortgage originators are compensated, leaving many of us in the industry wondering “what now”. Don’t get me wrong, Reg Z could use some tweeking…it’s just that the mortgage industry is in a state of constant change (evolution?) with a deluge of new forms and/or regulations including MDIA , HVCC and the new Good Faith Esti

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wrote an interesting post today on
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Have you ever wondered how America got into this home mortgage meltdown mess? Have you ever wondered what those giant mortgage originators were thinking of when they invented interest only home loans with no income proof required and then were shocked when it blew up in their faces? Adam Michaelson recently wrote a book called, “ The Foreclosure of America: The Inside Story of the Rise and Fall of Countrywide Home Loans, the Mortgage Crisis, and the Default of the American Dream “. In J

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Random Feed wrote an interesting post today on
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Scapegoating, anyone? Brian Brady notes Barney Frank’s misplaced quest for one. 1- Prohibition of “yield spread premium” as compensation to originators. 2- Mandatory licensing of mortgage originators by a Federal registry or state regulator. This Bill does direct the Office of Thrift Supervision to establish a registry for bank employees who originate loans. 3- Ability to repay the loan must be established. Limits on cash-out refinances and a determination of a net tangible benefi

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Random Feed wrote an interesting post today on
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5 Things to Avoid Before Buying a Home - Simple tips that can save a lot of heartache, stress and money. Real Estate Insurgency Manual, Part 1: Outmaneuver and Neutralize - Much of this is how and what Nest aims to accomplish City of Charlottesville discriminating against homeschoolers and private school kids? Linked Data is Blooming: Why you should care Have you heard about the Home Valuation Code of Conduct ? In a nutshell, mortgage originators (if paid commission)

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Random Feed wrote an interesting post today on
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Thank you Alan Baron for submitting the article. Editor’s Note: Maybe too little too late but a good start nonetheless. This issue is very simple. In the law it is called “fraud on the market.” Wall Street targeted specific swaths of geography and made it look like the entire market was going wild in that area. It wasn’t. It was all a big lie. They did it by inflating ALL appraisals in the area. This gave them the cover of plausible deniability. In the end, the “appraisals” were improperly rend

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