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Productivity, Automation, Data Tracking; HELOC Servicing Products; Freddie and Fannie News; Interview on Yield Curve Inversion

Today's Fed meeting announcement is the last one until September 20. Mortgage rates, of course, are prone to moving around even without the Fed’s direction. Meanwhile, the second quarter earnings from lenders are of great interest to warehouse banks and investors (including Freddie Mac and Fannie Mae). Those counterparties are contractually limited as to what they can do with companies that are not making money and have seen their net worth erode over the months and quarters. There is continued talk of over-capacity as companies eye the end of summer, continued high rates, existing borrowers with low rates, and limited houses for sale. (Anyone displaced can post their resume for free here where, for $75, employers can view them for several months.) There is no disagreement about it being a difficult environment for most lenders, unlike there being disagreement over housing prices. Who you gonna believe? The FHFA House Price Index rose 0.7 percent MoM: U.S. house prices r

United statesFannie mae julyAdam quinonesMatt grahamJodi horneFreddie macMelanie graperFrank martellFannie maeCommunity development financial institutionsNational mi bulletinComputershare loan servicesDepot incPrice indexBroker productsBlack knight

CRM, Automation, Home Equity, Non-English Products; FHFA and Freddie News

Tony H. writes, “I just switched my 30-year home mortgage to ‘student loan.’ Follow me for more financial advice.” I have been fielding questions about the impact of student loan forgiveness on credit (probably won’t impact credit scores) but also whether the forgiven debt is taxable (not at the Federal level, but Forbes thinks it may be at the state level in some places). While the government is intervening, wouldn’t it be nice if someone put a cap on college cost escalation? The government doesn’t directly determine compensation or profit margins, but both are huge issues for lenders. (“Lenders are Eying Compensation and Ops Trends” is the current STRATMOR blog.) The government doesn’t directly determine the rate of inflation either, but the Federal Reserve can address it. During his Jackson Hole speech, Powell said that the Fed will continue raising interest rates and hold them at a higher level until it is confid

Republic ofUnited statesDistrict of columbiaCheri wolfeFreddie macMelissa leidyDawar alimiGeorge bakerFreddie mac augustBob broeksmitGinnie maeLenderful solutionsBroker servicesNational community stabilizationFirst look programHome loan bank board

Sales, Tech, VOE Tools; Freddie and Fannie Changes Continue; Omicron and Mortgage Rates

W.C. Fields said, &ldquo;Money will not buy happiness, but it will let you be unhappy in nice places.&rdquo; Unfortunately, many people have much less of it, and here&rsquo;s a quiz to start the week. What are -68 percent, -66 percent, -60 percent, -40 percent, -13 percent, and -2 percent? They are all the stock performance since their initial public offering, or SPAC merger, of well-known companies in the residential mortgage business. And the numbers aren&rsquo;t even the decline from their price highs, which would look much worse. In order of a hit taken: Home Point, loanDepot, Finance of America, United Wholesale, Rocket, and Guild. (Thank you to California&rsquo;s Jeff B. for sending.) Every deal was different, but many analysts are questioning the franchise value of pure TPO (broker and

New yorkUnited statesUnited kingdomFreddie macJohn evansdonneda santaFannie mae decemberCassidy osullivanChristy mossRandy vandenhoutenCheri brousseauFannie maePhil denfeldLender servicesNewrez family of companiesLee enterprisesMarket committee

Sales, Tech, VOE Tools; Freddie and Fannie Changes Continue; Omicron and Mortgage Rates

Sales, Tech, VOE Tools; Freddie and Fannie Changes Continue; Omicron and Mortgage Rates
mortgagenewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagenewsdaily.com Daily Mail and Mail on Sunday newspapers.

New yorkUnited statesUnited kingdomFreddie macJohn evansdonneda santaFannie mae decemberCassidy osullivanChristy mossRandy vandenhoutenCheri brousseauFannie maePhil denfeldLender servicesNewrez family of companiesLee enterprisesMarket committee

Freddie Announces Selling Updates | Weiner Brodsky Kider PC

Freddie Announces Selling Updates | Weiner Brodsky Kider PC
jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.

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