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Today we speak with NAMB’s incoming president, Fred Kreger about subprime, compliance and the CFPB.  Tune in and enjoy!



additional comments on
"Subprime, Compliance and the CFPB"

  1. haha, the thug life shtick was great

  2. Randy Johnson says:

    You’d do all of us a favor if you found a new word than sub-prime to describe “does not meet Fannie-Freddie standards.” Sub-prime has so much emotion attached to it that it is not useful in describing this segment of the market.

    Assuming every originator is a “good guy,” there is a qualitative difference between two loans that are identical except that one is 90% LTV and the other is 40% LTV. The latter loan is risk-free and could arguably be done at a prime rate regardless of other underwriting criteria. I am actually astonished that someone on Wall Street hasn’t started a fund to buy loans <50% LTV with no pricing hits.

    Why hasn't this happened……yet?

  3. Bob Schwab says:

    If you are a professional originator you need to be a member of your professional associations. In California that would be a member of CAMP and NAMB. Strength in numbers!

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