Freddie Mac’s Rate Survey; FRBNY Suing BofA; Loan Buybacks; NMLS & Credit Reports; FHA Training; Wells Fargo Earnings
ByPosted To: Pipeline Press
Pity the poor mortgage originator, who probably forgets their anniversary date with their spouse, but somehow has probably stored in their brains what all these abbreviations stand for: CFPB, FNMA, FHLMC, FHA, VA, USDA, RHS, GNMA, MBS, DU, LP, HUD, TARP, LQI, HARP, HAMP, LO, LTV, CLTV, PMI, MIP, LPMI, DTI RESPA, NAMB, GFE, TIL, APR, ARM, LIBOR, COFI, MTA, HELOC, COE, FRM, HECM, MBA, MLS, PUD, PITI, IO, REIT, REO, CBWR, NINA, YSP, SRP, OO, NOO, PPP, HMDA, VOE, VOD, VOM, FHFA, etc., etc. Not to mention all the abbreviations that are particular to the appraisal and Realtor businesses! (And please don’t send more.) Will PIMCO and/or the New York Fed sue Bank of America over “bad” mortgage-backed securities? The Federal Reserve Bank of New York has joined forces with BlackRock, Pacific Investment…(read more)