Mortgage Servicing

Setting Goals

Written By: Shawna Greene

In his first time to testify before Congress since taking over his post last July, HUD Secretary Julian Castro on Wednesday defended the decision to lower Federal Housing Administration (FHA) mortgage insurance premiums and predicted that the agency's Mutual Mortgage Insurance Fund would exceed the required 2 percent ratio within two years.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

Is the Subprime Mortgage Loan Coming Back?

Written By: Glenn Michaels

The government forced lenders to offer and grant Qualified Mortgages (QM) which eliminated what was called ‘subprime” mortgages. The QM mortgage applies strictly to the conforming loan amount. Lenders have found a loophole in the law and are offering non – qualified mortgages (NQM) to borrowers that require jumbo mortgage financing and loans for borrowers with investment properties regardless of the loan amount.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

Mortgage Fraud Hurts Everyone

Written By: Glenn Michaels

I have testified at several mortgage fraud trials at the request of the federal government due to receiving subpoenas to appear in court as an expert witness for the government. The one thing I have learned is that no one has enough money and time to fight the government. One of the trials that I testified at was held in Chicago, IL.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

Dealing With Negativity In The Workplace

This week I would like to talk about something a little different that many of us have to face in the workplace. Day in and day out we get up and go to work knowing what we have to deal with each day. Being a mortgage processor or an underwriter is not an easy job to have. 


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.