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<\/a> <\/p>\nHere we are on the 68th<\/sup> anniversary of Pearl Harbor Day, with the mortgage banking business facing unprecedented new regulatory reforms, and what are the folks in the trenches saying?<\/p>\n \u201cDoes anyone get the feeling mortgage banking is a ghost ship, to sail the seas endlessly, with a crew of the damned? Didn’t Disney make a movie with that plot, or am I once again in front of the curve?\u201d<\/p>\n \u201cThings are going really well for us. Right now we run a best effort shop and thinking about making a slow transition into hedging. We\u2019ve been hiring on many new brokers and new loan offers so we\u2019re expanding and hiring like crazy!\u201d<\/p>\n \u201cThings in the lending industry continue to be challenging, but isn\u2019t that why we\u2019re still here? \u2018Cause we LOVE our jobs: daily rate & guideline changes, irrational clients, irrational realtors, tightening industry standards, increased blood pressure, etc. etc.\u201d<\/p>\n The AmTrust<\/b> announcement speaks for itself: \u201cAmTrust Bank was acquired (Friday) by New York Community Bancorp. Due to the nature of this acquisition and the steps required to effect a proper and orderly transition, it is necessary to immediately suspend all registration and rate-lock activity<\/b> for a period of time in order to permit us to properly address all of the related requirements. We expect to complete this process as quickly as possible. Although we will not be accepting new registrations or rate-locks during the transition period, AmTrust Mortgage Banking will continue to process and fund all rate-locked registrations that are in-process at the time of this notice, in the normal course of business.\u201d AmTrust was, nationwide, in the top 5 for wholesalers buying loans from brokers.<\/b><\/p>\n more news on Freddie Mac, Suntrust, Franklin American, Rates – Unemployment – Stock Market, and Joke of the Day … <<< CLICK HERE<\/a> <\/strong><\/p>\n Rob Chrisman <\/p>\n Here we are on the 68th anniversary of Pearl Harbor Day, with the mortgage banking business facing unprecedented new regulatory reforms, and what are the folks in the trenches saying? \u201cDoes anyone get the feeling mortgage banking is a ghost ship, to sail the seas endlessly, with a crew of the damned? Didn’t Disney […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-69453","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/69453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=69453"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/69453\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=69453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=69453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=69453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"rob-chrisman-daily\"](\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/rob-chrisman-daily4.jpg\")
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