The Community Mortgage Lenders of America is the voice of small mortgage lenders--both nonbanks & banks-- serving the home loan needs of their local consumers.
Mar 8, 2019 • 4 tweets • 2 min read
Fine, but the @washingtonpost has no interest in demanding Open Records for the US mortgage secondary market manipulations over the last 11 years? The @nytimes has asked for the 11,000 hidden gov't court docs. Where is the Post?
washingtonpost.com/lifestyle/styl…
Shouldn't the public know who/what was trying to take over or manipulate these sensitive markets--markets that are key to national economic vitality, Main Street economic well-being, and fair lending for all Americans, regardless of background? @FannieMae washingtonpost.com/lifestyle/styl…
Jan 30, 2019 • 12 tweets • 5 min read
OK, time for a deeper dive on VA mortgages. Quick sum: @wsj reporters @BenEisen and @NickTimiraos wrote on @GinnieMae & nonbank lenders. They cited a @NYFedResearch paper circulated heavily in DC by @BrookingsInst. We're gonna look at how the story covered @DeptVetAffairs
mortgages, bc there's been a lot of spin in town lately. Specifically, the @wsj story wrote about lending risk generally & that VA mortgages "generally offer the easiest lending terms available today. VA loans don’t require any down payment," This sounds like a risky scenario.
