My Mortgage Consultants, LLC

From “The Chrisman Commentary”

March 30, 2023March 30, 2023Don Curtis

Rob Chrisman Capital markets: dissecting the bank failure ___________________________________________________ The collapse of Silicon Valley Bank, attributed to a social media driven run on deposits, has triggered extreme volatility in the Treasury and mortgage-backed security markets, resulting in the most turbulent period since the global financial crisis and in doubling of daily trading volume. Market functioning has held up, but market participants say the turmoil has raised concern about a potential financial accident. Citigroup CEO Jane Fraser has warned that banks and regulators face new challenges in dealing with liquidity issues, as the rise of mobile apps to manage money has accelerated the pace of such events. “It’s a complete game… Read More

News from “The Chrisman Commentary”

March 27, 2023March 27, 2023sandra

HUD, Ginnie, FHA, VA news and investor changes ___________________________________________________ HUD announced the submission of a final rule (Reinstatement of HUD’s Discriminatory Effects Standard) which would rescind the agency’s 2020 regulation governing Fair Housing Act (FHA or the Act) disparate impact claims and reinstate the agency’s 2013 discriminatory effects rule. Explaining that “the 2013 rule is more consistent with how the [FHA] has been applied in the courts and in front of the agency for more than 50 years,” HUD emphasized that it also “more effectively implements the Act’s broad remedial purpose of eliminating unnecessary discriminatory practices from the housing market.” FHA issued a reminder to servicers, FHA INFO 2023-19, about the use of the U.S. Department of the… Read More

Best Housing Markets for Growth and Stability – 2023 Edition

March 24, 2023March 24, 2023Don Curtis

Shared from SmartAsset 3/23

Will the FHFA kill the mortgage industry?

May 5, 2020May 5, 2020Don Curtis

May 4, 2020 Housingwire.com In today’s Daily Download episode, HW+ Managing Editor Brena Nath covers a PULSE article from former Mortgage Bankers Association President David Stevens, discussing how the Federal Housing Finance Agency’s actions have resulted in significant credit contraction for the mortgage industry. In his HousingWire PULSE article, Stevens says: It is now over one month since the CARES Act was passed, creating a blanket forbearance option for all borrowers in a GSE, FHFA, VA, or USDA loan to skip six to 12 months of payments. Legislation established by Congress with the intent of calming concerns of homeowners across the country has thrust an entirely new credit availability contraction over the entire nation. Because of the rush to pass legislation,… Read More

Movement Mortgage’s Casey Crawford on leading the industry through the mortgage market’s highs and lows

April 20, 2020April 20, 2020sandra

April 14, 2020 The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines sponsored by our partners at Arch MI and Quicken Loans Mortgage Services. This week, Movement Mortgage CEO and Co-founder Casey Crawford joins the Housing News Podcast for episode seven. In this episode, the former NFL player touches on the biggest issue facing the housing finance sector – the ongoing uptick in forbearance requests from the nation’s financially strained borrowers, and the impact it is having on independent mortgage servicers nationwide. Crawford also shares his perspective on how the U.S. mortgage industry can best adapt and overcome… Read More

Housing News Bonus Episode: Ellie Mae’s Joe Tyrrell on the technology trends that will outlast COVID-19

April 20, 2020April 20, 2020sandra

April 14, 2020 The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines. In this custom episode presented by Ellie Mae, HW+ Managing Editor Brena Nath talks with Ellie Mae Chief Operating Officer Joe Tyrrell to discuss the surge in interest around technology for internal and external purposes due to the COVID-19 pandemic, along with the technology trends that are starting to emerge. Ellie Mae is uniquely positioned to see the juxtaposition between consumer demand in the market and the current state of the secondary market, as… Read More

David Stevens stresses the important role of IMBs

April 20, 2020April 20, 2020sandra

April 10, 2020 The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines sponsored by our partners at Arch MI and Quicken Loans Mortgage Services. This week, Mountain Lake Consulting’s CEO David Stevens, who is the former president and CEO of the Mortgage Bankers Association, joins the Housing News Podcast for episode six. In this episode, Stevens who formerly served as the US Assistant Secretary of Housing for the United States Department of Housing and Urban Development under the Obama administration from 2009 to 2011, discusses his perspectives on the current state of the U.S. housing finance industry, particularly… Read More

David Stevens stresses the important role of IMBs

April 20, 2020April 20, 2020sandra

MBS Highway’s Barry Habib on the coronavirus mortgage meltdown

April 20, 2020April 20, 2020sandra

April 8, 2020 e Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines sponsored by our partners at Arch MI and Quicken Loans Mortgage Services. This week, MBS Highway Founder and CEO Barry Habib, who was recently named the 2020 winner of the Crystal Ball Award, presented by Zillow and Pulsenomics, joins the Housing News Podcast for its fifth episode of season three. In the first half of this two-show episode, Habib discusses the coronavirus’ impact on the U.S. housing market and explains how a global pandemic hurled the housing finance industry into an economic storm that has yet… Read More

Housing News Bonus Episode: Ellie Mae’s Jonathan Corr on the state of the mortgage industry

April 20, 2020April 20, 2020sandra

March 23, 2020 The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines. In this custom episode presented by Ellie Mae, HousingWire Community Editor Brena Nath talks with Ellie Mae President and CEO Jonathan Corr to discuss the state of the mortgage industry and give some advice on how lenders and companies can navigate everything going on in the industry. Corr also gives an inside look at Ellie Mae’s new Virtual Experience 2020 Conference and the unique opportunities it offers attendees to interact with leading experts… Read More