Mortgage Industry Trends

Finally, the folks over at Treasury have figured out how to fix what is ailing the credit markets- set up a special purpose vehicle to buy good, but hard to sell assets.

Congressman Barney Frank (D-MA) and House Speaker Nancy Pelosi (D-CA), continued the political farce in Washington regarding the financial industry troubles by doing what politicians do best in a cris

There seems to be a lot of selective memories out on the campaign trail today.

It would have made for better drama if Fannie & Freddie had told Paulson to shove it.

I don't think any GSE watcher would have ever thought what happened could have happened.

You are about to wire closing funds to the table, into the hands of a lawyer or settlement company employee you have never met before, but no worries because you have a Closing Protection Letter right

In retrospect, consumers, investors, central bankers, and now regulators all wonder what caused the once ethical mortgage banking to lose its sanity, while pursuing profits and pipeline deals.&nbsp

Well, it was inevitable. There is no time in American history when a crisis takes places and lawyers don't immediately circle the wagons like vultures seeking new prey.

One of the interesting disconnects in the real estate and home finance business is that people are very willing to go online to do research about a new home or loan, but when it comes time to transact

The WSJ dusted off an old mortgage story- the implosion and lawsuits surrounding American Business Financial Services (ABFS).&n

The following is a posted response to Source Media / Mortgage Technology editor Anthony Garritano’s weekly blog (http://www.mortgage-techno