Tired of Winter and Complaining

I’m tired of winter. It’s been a rough one. We’ve all been complaining about it. And that weather has been a key factor is various mortgage related entities reporting that February was the worst month for mortgage lending in 14 years.

I’m tired of using the weather as an excuse for poor production. What else am I tired of….. Continue reading


Today is my 100th post! 

I started this blog almost a year ago.

A big thanks to all the folks who’ve read my thoughts, posts, rants and raves. I appreciate it. I hope you’ve found it helpful. If you have, I’d ask you to sign up to follow the blog or to tell a Credit Union friend or co-worker.

Credit Unions were made to help members with home ownership. It’s part of what we do and we do it pretty well. But there’s always an opportunity to do it better and hopefully Mortgages are Memberlicious has given you an idea or two about how to be a better mortgage lender or help more members with home ownership.

So thanks for reading and please excuse this “lazy post” – I’m actually on vacation as you read this – the beauty of scheduling a post!

Thanks again for reading and please spread the word about being memberlicious!




A New Mini Boom?

FNMA Refinance StudyFannie Mae has a wealth of data and industry insight available on their web site. I read it occasionally, wish I read more of it and think you should be looking at it as well.

On such study was published in February. Fannie Mae’s Economic & Strategic Research Group released a study based on two separate analyses to understand what motivates borrowers to refinance their mortgage and why so many do not refinance. First, they looked at factors associated with having refinanced in the past. Second, they examined motivations behind one’s intent to refinance over the next year. The analyses are based on Fannie Mae’s National Housing Survey data collected over a three-month period from January 2013 to March 2013. You can find the study here.

What can Credit Unions wanting to be memberlicious learn from the study?

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Greed or Stupidity?

We’ve all heard the famous quote “Those who cannot remember the past are condemned to repeat it.” There are countless examples of it being true and I wonder if we are starting to see another one.

This past week National Mortgage News reported that many leaders had lowered their minimum credit score below 600. Read the article here.

When I read this I was in a bit of shock. Are folks greedy or just stupid?

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