Former NY attorney general and governor Eliot Spitzer was on CNBC today discussing how the financial crisis could have been avoided—two videos below. Familiar refrains from the former ‘Sheriff of Wall Street’ who crusaded for investment bank regulation.
As we’ve been discussing (1, 2, 3), new Home Valuation Code of Conduct (HVCC) rules went into effect Friday that prevent loan officers from talking to home appraisers. Our previous posts focus on getting home financing transactions done in the context of the new rules. This post is an opinion piece. My opinion is that
Anyone who has worked for a mortgage company in the last 8 months knows that any phone call that starts with the person asking, “Do you have a second?” or “Do you have a moment?” knows that the call will last significantly longer. In fact, studies of mortgage banks telephone call volume for the first