Archive of entries posted on

Cautiously optimistic Fed holds rates fast

Fed Chairman Ben Bernanke and his fellow colleagues said they have leeway to hold rates at record lows because inflation is likely to stay subdued because of “slack” in the economy.  Factories and other businesses are operating well below full throttle. Workers aren’t likely to see hefty pay raises any time soon. And companies are […]

Second Quarter 2010 National Delinquency Numbers

The second quarter, 2010 report shows that the delinquency rate for mortgage loans on one- to four-unit residential properties dropped to a seasonally adjusted rate of 9.85 percent of all loans outstanding as of the end of the quarter, a decrease of 21 basis points from the first quarter of 2010, and an increase of […]

New rules for Mortage Loan Originators (MLOs) and how this will affect you

The OCC, Federal Reserve Board, FDIC, OTS, FCA and NCUA (herein, the “Agencies”) published a final rule requiring employees of Agency-regulated institutions who act as residential mortgage loan originators (“MLOs”) to register with the Nationwide Mortgage Licensing System and Registry (“NMLS”) as required under the federal Secure and Fair Enforcement for Mortgage Licensing Act (the […]