The #MortgageLeadershipOutlook Series is dedicated to fostering a better mortgage community, bolstering careers, and keeping up to date on changes in the industry. We are excited to announce that Bill Dallas, J.D. CMB will be our guest on the Mortgage Leadership Outlook. In this episode, we’ll discuss with Bill the opportunities he sees in today's market challenges, his history of building and selling great mortgage and tech companies, where this industry needs disruption and more.
Today, for yield curve fans, the 3, 5, and 7-year Treasury yields are all above the 10-year yield. But yesterday was the Spring Equinox, aka Vernal Equinox, above the equator. The technical description of this event is beyond the scope of this Commentary, but suffice it to say we continue to have more sunlight in the Northern Hemisphere. Miami has plenty of sunlight, and the influences of Cuban and Central American culture are reflected in this smash hit (7.7 billion views) from a few years ago, written and recorded in Miami. What is the chatter in the hallways of The Mortgage Collaborative event? Even though volumes were up for many lenders, by the time 2021 was tallied, profits were down mostly due to margin compression which accelerated in 2nd half of 2021, becoming even more acute in Q1 2022 as lenders who were fully staffed reduced margins to keep loans coming in the door and their staff occupied. Some of the talk is about how banks (with increased deposits in 2020 and 2021 from i
Coming on the heels of a reported net loss of $1.34 billion for 2021 at Finance of America, media reports indicate Bill Dallas has left Finance of America Mortgage as its president. His LinkedIn profile indicates Dallas is no longer at Finance of America Mortgage, where he had served as president since March 2018. Dallas said on his profile he took Finance of America public on the New York Stock Exchange on April 1, 2020, and “doubled its size” while there.