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Loan Sales, POS, CD, Jumbo Products; Rocket Earnings and Industry Changes; Capital Markets

Remember how you wished that the pandemic wouldn’t be in the headlines every day? You got it! Unfortunately, it has been replaced by the Russian invasion of Ukraine, long discussed and now occurring, and we can all watch and follow along due to technology. Technology is flippin’ amazing. I believe that, at any given time, there are approximately 60,000 people in the air over the U.S., and thank you to Orion’s Jeremy S. for sending this live map of airplanes in the air anywhere in the world: look at the U.S. or scroll over and check out the void over Ukraine. The number of people who remember “Talkies” gaining in popularity in the late 1920s is dwindling. (If you’ve never contemplated the term “Movie” here’s your chance.) Unfortunately, what is also dwindling somewhat are the number of people in our business as companies reduce costs, and therefore workforce. (Anyone displaced can post their resume for free here, and employe

3 questions lenders should ask before implementing non-QM- HousingWire

With refinance volumes decreasing and originators experiencing layoffs, lenders may look to non-QM to diversify their offerings.

DealDesk: Focus on Investor Cash Flow and Unique Property Types

We will be discussing the files that many lenders cannot close because of the Unique Property Type and Investor Cash Flow niche to avoid a lot of income/REO documentation. Residential Lenders are not touching subject properties with Commercial Influence, but we have opened up that door. Acra Lending will entertain Ineligible Property types in the FANNIE/FREDDIE world which would include Adult Care Facilities, Condotels, Non-Warrantable Condos, and Short-Term Vacation Rentals.

Back Office Tech , Purchase, Vendor Mgt , MSR Acquisition Products; February Events and Training

While the Northern East Coast digs out from snow, and Southern East Coast is on the lookout for falling iguanas in Florida, how’s this for a clever “out of office” message? “Knock knock. Who’s there? Not me!” I have some real estate agent humor today below, but plenty of real estate agents and builder sales staff are out of the office, as there is less reason for them to man the phones versus 2020. Approximately only 762,000 new homes were sold in 2021. Estimates from the Census Bureau and HUD reveal 2021's sales were 7.3% below the 2020 figure of 822,000. The seasonally adjusted estimate of new houses for sale was 403,000 at the end of December, representing a six-month supply at the current sales rate. Do you think it is just your imagination that active real estate listings are down? Nope. The St. Louis Federal Reserve shows us, in a nice graph, something you can show your real estate agent clients. Numbers are indeed important and c

Branch Mgr , Non-QM, Encompass Jobs; Cash Out, Warehouse, Fulfillment Tools; Lenders Capital Structuring News

Branch Mgr , Non-QM, Encompass Jobs; Cash Out, Warehouse, Fulfillment Tools; Lenders Capital Structuring News
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