MPA TV

MPA TV brings you closer to the industry's most influential leaders and thinkers. Click on the videos below to watch the interviews:

Showing 1 - 9 of 36

No 'too big to jail,' threats to former FHFA head, and a house where everybody knows your name

Eric Holder gives big banks a warning, an employee allegedly threatens the former head of the FHFA, and now you can buy a house where everybody knows your name. All this and more on MPA's weekly update.

Video transcript below:

No company is too big to jail.  A threat to the former head of the FHFA and a house where everybody knows your name.  Happy Friday everybody.  I’m Ryan Smith and this is MPA’s weekly update.

There is no such thing as too big to jail, according to Attorney General, Eric Holder.  Holder said this week that the Justice Department was pursuing criminal investigations against a number of financial institutions and would prosecute those institutions despite their size.  Holder declined to name specific institutions being investigated by the Justice Department, but did say that no company or individual, no matter their size or profitability was above the law.

The Chief Operating Officer of the Federal Housing Finance Agency has been arrested and charged with threatening that agency’s former acting director.  FHFA COO, Richard Hornsby was charged for the felony last week after allegedly threatening to shoot former acting director, Edward DeMarco and then kill himself.  An unnamed FHFA employee said the threats were made because of disputes over Hornsby’s job performance rating.  Hornsby was released without having to post bond, but told to stay from both Demarco and the

Agency’s Washington offices which should be sufficient because as we know stern warnings are like kryptonite to guys who threaten to shoot the bosses.
Well, if you are looking for a great home, we have a place for you, this Indianapolis loft currently listed for $2.5 million on Realtor.com comes with 5 bedrooms, a spacious kitchen, a home theatre and a terrifying dead eyed mural of a cast of cheers painted on the game room wall.  The Huffington Post reported on this story back in January and shockingly as of this week the house is still on the market.  Come to think of it maybe that’s why I have had such a hard time selling my house.

Fixed rates moved further down this week as economic growth for the quarter came in weaker than expected.  The 30 year fixed rate mortgage averaged 4.21% this week, down from last week’s average of 4.29%.  The 5 year adjustable rate held steady this week at 3.05% and the 1 year ARM  averaged 2.43%, down from last week’s average of 2.45%.
For MPA, I’m Ryan Smith, have a great weekend.
 
  • Ray Bartreau on the state of the mortgage industry Ray Bartreau on the state of the mortgage industry

    The last few years have seen a lot of change in the mortgage industry. And now, continued home-price gains, regulatory uncertainty and a new administration mean even more change on the way. MPA recently chatted with Raymond Bartreau of Best Rate Referrals about the current state of the industry.

  • Busting the myths around VA loans Busting the myths around VA loans

    Many originators shy away from VA loans, thinking they'll be too complicated. Coming off of a record-breaking year for VA loans, the product can be more viable now than ever. MPA sits down with Carrington's Ray Brousseau to get his take

  • CFPB oversight bill passes House CFPB oversight bill passes House

    House Financial Services Oversight & Investigations Subcommittee Chairman Sean Duffy’s bill passed with an overwhelmingly bipartisan vote of 401 to 2 this week. The bill would bring greater transparency and accountability to the Consumer Financial Protection Bureau.

  • RealtyTrac: Zombie foreclosures are a consistent problem RealtyTrac: Zombie foreclosures are a consistent problem

    The share of zombie homes has increased, despite the decline in total foreclosures, according to the latest data from RealtyTrac.

  • NAMB: CFPB's rate checker tool problems NAMB: CFPB's rate checker tool problems

    The CFPB released its rate checker tool in an attempt to better prepare consumers for buying a home. While their intentions may have been good, the result was not, according to NAMB.

  • LendingTree translates real estate buzzwords LendingTree translates real estate buzzwords

    This video is worth a good laugh. LendingTree breaks down those tough real estate terms for your clients.

  • Buyer confidence keeps pending home sales growing Buyer confidence keeps pending home sales growing

    Pending home sales slightly improved in November and are above year-over-year levels for the third straight month, something Lawrence Yun, chief economist at the National Association of Realtors, says is due to buyers' confidence in the economy.

  • Obama talks housing, lower FHA rates Obama talks housing, lower FHA rates

    In his recent speech on housing in Arizona, the President addressed new housing initiatives, including lowering FHA rates, winding down Fannie and Freddie and continuing to crack down on shoddy lending practices.

  • AAG head Reza Jahangiri on the advantages of reverse mortgages AAG head Reza Jahangiri on the advantages of reverse mortgages

    MPA talks with Reza Jahangiri, CEO of American Advisors Group, about the advantages of reverse mortgages

Poll

Is TILA-RESPA a good or bad thing long term?