Jobs, Layoffs; Big Week for Bank M&A; Fee Changes and Price Adjustment Trends

Posted To: Pipeline Press

Let's start with something non-mortgage related but that may be of interest to some. Who doesn't go faster than the posted speed limit on a freeway? Certainly not Sammy "I Can't Drive 55" Hagar. Nor Google. Google's driverless cars will exceed legal speed limits so they can keep up with other drivers. Google's self-driving cars will be designed to exceed maximum speed limits, in a move to "improve safety." The lead engineer for the project has revealed the vehicles will go 10mph (16km) faster than the speed limit. I am not clever enough to think of a correlation in residential lending and the CFPB using enforcement actions to govern instead of published rules... In lender-specific news Bose George with KBW observed that LoanDepot filed an S-1 registration statement. The company was the 11th...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Mortgage News Daily http://ift.tt/1WjLO4H