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mortgage bankers

Mortgage bankers seem depressed at convention

Many of these banking vampires used to operate their businesses on serving consumers a high fee and toxic loan platter to their CEO Overlords for consumption daily. Now, they seem to be bit bummed out on banking lately and having to do business the right way.

CEO’s will not be as fat in the new banking world and [...]

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Are All Bankers Created Equal?

by Moe Bedard

By Moe Bedard
Not all bankers are created equally. Or are they? The President of the Mortgage Bankers Association gave testimony before a congressional subcommittee today explaining what he thinks Congress should do about widespread fraud and the means to improve lending conditions in the United States.
His plan includes the following:
#1 Borrowers should immediately communicate with [...]

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The OCC Wants the Real Loan Modification Numbers

by Moe Bedard

Hope Now and the MBA asked, “So, how many loan modifications did you do Litton?”
“3,235,” the Litton rep said.
The boys at the “round table” pick up the phone and call Angelo, “How many did you do Countrywide?”
“We did 7,978 guys. Never mind that!” Mr. Mozilo said,”We’re going to have martinis later on the golf course!”
Listen here [...]

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mortgage bankers