The fight is on!
I’ve been going back and forth this morning on what I want to blog about. On one hand I want to talk about the market… as we speak the...
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Princeton Wholesale
- May 16, 2018
- 3 min
Let’s dive back into the details today...
Over the past week or so we’ve diverted our attention off the details of the mortgage industry to discuss more whimsical topics… like the...
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Princeton Wholesale
- Apr 30, 2018
- 2 min
Freddie Mac’s 3% down program & the CFPB amends the “Know Before You Owe” rule.
Last Thursday, Freddie Mac released a new conventional 3% down program. The program is designed to help qualified first-time homebuyers...
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Josh Teti, Princeton Mortgage Wholesale
- Apr 20, 2018
- 2 min
Can you write a One Billion Dollar check?
In our industry, it’s normal rhetoric to hear phrases like “a $400,000 loan amount”, or “our goal is to fund $350 million this month”,...
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Matt Pfrommer, Princeton Wholesale Mortgage
- Apr 17, 2018
- 3 min
Predatory Lending… it’s in the details?
Predatory lending, a term usually reserved for counties around Chicago, is popping up in New York of all places. New York has one of the...
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Matt Pfrommer
- Mar 15, 2018
- 3 min
Bipartisan Support at the CFPB?
When the CFPB director stepped down, it caused a mess that resulted in lawsuits and two directors showing up to work on the same day. ...
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Princeton Wholesale
- Feb 1, 2018
- 2 min
The CFPB managed to win and lose in their most recent court case; Rates continue to rise…
Have you been following the PHH v. CFPB case? No? Me either, but I did find the most recent ruling in the case very interesting… so we’re...
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Princeton Wholesale
- Jan 25, 2018
- 2 min
The Mortgage Industry… Over-committed and Sleep Deprived?
Photo by Matthew Henry on Unsplash I’m going to keep it short and sweet for everyone today. Not because I don’t enjoy writing and...
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Princeton Wholesale
- Jan 18, 2018
- 2 min
FHFA speaks up on future of Freddie & Fannie; Mulvaney asks the public's opinion on CFPB and
Photo by Erol Ahmed on Unsplash I’ll save you the details and keep this short and sweet… Mel Watt the Director of the Federal Housing...
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Princeton Wholesale
- Jan 16, 2018
- 2 min
Ginnie Mae and the Department of Veterans Affairs are investigating possible predatory lending viola
Photo by Benjamin Faust on Unsplash Back in December Ginnie Mae clamped down on their oversight of VA refinances to protect...
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Princeton Wholesale
- Jan 12, 2018
- 3 min
Is student loan debt holding Millennials back from buying a home?
Yesterday, I mentioned that there might be more of an appetite for refinances in 2018, but when will we see Millennials flex their buying...
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Princeton Wholesale
- Jan 11, 2018
- 2 min
Maybe the refi market isn’t dead; It looks like homeowners are sitting on mounds of equity.
Photo by Blake Wheeler on Unsplash We’ve been hearing for years that the refi market has dried up and if you aren’t dialed into the...
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Princeton Wholesale
- Jan 2, 2018
- 1 min
Trump Administration considers current chairman of the National Credit Union Administration to lead
During everyone’s favorite week of the year (when Christmas ends and we’re waiting on the New Year) a report came out stating that the...
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Princeton Wholesale
- Dec 28, 2017
- 2 min
So long, 2017… it’s been fun; A look back at the year that was.
We’re only a few days away from 2018, which according to a bunch of 80’s movies we should have already seen Dr. David Bowman disconnect...
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Princeton Wholesale
- Dec 20, 2017
- 1 min
The IRS is “aware” of the issues that are causing processing delays at the agency.
As we discussed on Monday, the IRS made an updated to their Income Verification Express System (IVES) earlier this month. The changes...
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Princeton Wholesale
- Dec 11, 2017
- 1 min
Wells Fargo will remain on the hook for millions and another FHA lender falls victim to the False Cl
Photo by Olga DeLawrence on Unsplash The interim head of the CFPB, Mick Mulvaney, was reviewing the settlement that called for Wells...
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Princeton Wholesale
- Dec 8, 2017
- 1 min
Single, female millennials are buying more than their counter parts; FHA is increasing their loan li
Ellie Mae’s latest “Millennial tracker” data showed that 60% of women who were listed as the primary borrower in October were single… as...
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Princeton Wholesale
- Dec 6, 2017
- 1 min
The Senate Banking Committee began marking up the Dodd-Frank Act and the housing industry rejoices!
Photo by Jomar Thomas on Unsplash Yesterday, public statements from the Mortgage Bankers Association, the Independent Community Bankers...
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Josh Teti
- Nov 29, 2017
- 2 min
Changing Borrower Demographics: Part 2 - Knowing borrower's needs; my thoughts on the CFPB soap
Yesterday’s post talked about how lenders are using specific demographic data to create new business strategies. But let’s be honest,...
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Princeton Wholesale
- Nov 27, 2017
- 1 min
Who is in charge at the CFPB and how to deal with the “Holiday Hangover”
Something new to report… nobody knows what’s going in Washington D.C., particularly regarding the appointment of the new acting director...
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