Sales, MLO Jobs; Home Ownership, Non-QM, PPE, Sales Tools; Conventional Conforming Updates Jan 12 2021, 8:30AM
Nearly two weeks into 2021 already? I was just getting used to saying “2020.” Now I have to add a syllable every time. “One.” There’s continued talk of companies likeFinance of America, loanDepot, SoFi, and Homepoint going public, and if Caliber and AmeriHome will after delaying things in October. Many experts are predicting another strong housing market in 2021. “Strong” can mean either lots of volume, or price appreciation. Or both. “They” are forecasting increased demand from buyers who delayed purchasing homes due to the pandemic, from existing homeowners who need larger spaces to accommodate parents working from home, children attending school virtually, and from condo owners who are seeking to escape multifamily buildings for single-family houses to mitigate exposure to the virus. The ability to tour homes and close on pu
Credit/Risk, MLO, Ops Jobs; Agency-Approved Lender Wanted; Sales, RentalProducts; Primer on Secondary Marketing for MLOs Dec 30 2020, 7:56AM
Loan originators in our business see potential borrowers whose monthly mortgage payments would be less than their rent payments but don’t qualify for credit or income reasons. The U.S. Census Bureau published some findings on workers being hardest hit by the COVID-19 pandemic. Self-employed workers are more likely to face economic hardships in the states most affected by the virus. Other results showed that higher levels of education were less likely to lead to food shortages. And younger workers, ages 25 to 39, were more likely to report either “sometimes not having enough to eat” or “often not having enough to eat” in the past week than adults ages 55 and above. On a less serious note, there appears to be no truth to the rumor that the CDC recommends trying on your jeans every few days just to make sure
Ops, MLO, Bank Sales Management Jobs; QC Report, Retention, Cap. Markets Tools; Jumbo and Non-QM Tidbits Dec 23 2020, 8:23AM
My cat Myrtle (Myrtlus Domesticus) doesn’t have much in the way of material possessions. Need to get rid of unwanted junk during the holidays? Put it in Amazon boxes and leave them on your front porch. The holidays are a time of a lot of awkward meetings, especially your girlfriend’s parents. Here is an entertaining 3-minute video with subtitles of actual thoughts. How about buying your loved one a town? Perhaps a different question is, how does an appraiser handle an entire town in New Mexico for sale? Do you think of a particular color when you think of a ghost town? Rust and gray? Those in the know will tell you that COVID has changed the color palette of new homes. (COVID… After years of wanting to thoroughly clean my house but lacking the time, this week I discovered that wasn’t the reason.)
Ops Jobs; Shell Wanted; CRM, POS, Retention, Jumbo Loan, Capital Markets Products; How News Moves Rates Dec 17 2020, 8:16AM
Who would’ve thought that one day we’d be smoking weed at a family gathering, but the illegal part would be the family gathering? For most of us, family matters are critical. The year 2030, 10 years from now, marks an important demographic turning point in U.S. history according to the U.S. Census Bureau’s National Population Projections. By 2030, all baby boomers will be older than age 65. Reverse mortgage lenders are aware that this will expand the size of the older population so that 1 in every 5 residents will be retirement age. The population is expected to grow at a slower pace, age considerably and become more racially and ethnically diverse. Net international migration is projected to overtake natural increase in 2030 as the primary driver of population growth in the United States, another demographic first for the Uni
Sales Jobs; Lending Shell Wanted; Non-QM, VA IRRRL Products; Investor s Agency Changes Dec 14 2020, 9:43AM
With the snow expected in the Northeast this week, countless households washed loads of pajamas yesterday so that they could have clean work clothes this week. Y’all think 2020 is bad? Just wait until it turns 21 and starts drinking. Yet 2020 has been good for rates. The Fed has tamped down Treasury yields since the start of the pandemic in March, though those yields are quite the double-edged sword for the central bank. Higher Treasury yields/sinking bond and MBS prices can signal greater confidence in the economic recovery and are likely to be accompanied by rising inflation expectations, which the Fed hopes to see. But yields that climb too much also raise long-term borrowing costs, something the economy certainly does not need with the pandemic surging and millions still out of work. Purchase applications have grown in 2020, however. By the wa