• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

Loan Officer Compensation Rules Finalized

The fourth and last of the final regulations coming from the Consumer Financial Protection Bureau under the Dodd-Frank Wall Street Reform and Financial Protection Act was released Friday afternoon.  This rule addresses the causes of what CFPB Director Richard Cordray said was one of the reasons for the collapse of the mortgage industry, the steering of consumers to high-priced loans. It was common for at least a portion of the compensation

Read more »

CFPB Issues Long-Awaited Industry QM and Ability-to-Repay Rules

The Consumer Financial Protection Bureau (CFPB) has adopted a new rule that will protect consumers from irresponsible mortgage lending by requiring lenders to ensure prospective buyers have the ability-to-repay their mortgage. The rule also protects borrowers from risky lending practices such as “no doc” and “interest only” features that contributed to many homeowners ending up in delinquency and foreclosure after the 2008 housing collapse. “When consumers sit down at the closing

Read more »

Waiting for QM, the MBA Weighs In; Who is the Largest Private Real Estate Holder?

Huh? AIG, the parent of United Guarantee, is thinking about suing the United States government over its bailout? Stranger than fiction – but true! Here is some chatter on the subject. (And see the “joke” below.) It could be a very big day for the mortgage industry – or at least any company that wants to originate loans that can be sold in the secondary market. The mortgage industry and Wall

Read more »

Rob Chrisman June 4: Mortgage jobs; The tortilla industry’s relation to LO & Realtor comp; thoughts on MBS versus rate sheet prices

Rob Chrisman June 4: Mortgage jobs; The tortilla industry’s relation to LO & Realtor comp; thoughts on MBS versus rate sheet prices: I know that some folks only read the first paragraph of this daily blather, and then skip to the joke. That’s why I am putting this in now: YellFromTheMountainTop. Don’t say that you never commented on the plethora of things the CFPB is considering, especially QM – the borrower’s ability

Read more »
 
Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
Real Time Web Analytics