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Servicing, Accounting, TPO Products; What Every Lender and Servicer Should Know About Catastrophes

Wells Fargo mpany : Sandra Ho Named Head of Home Lending Sales

Des Moines, IA - Wells Fargo Home Lending today announced that Sandra Ho will join as head of Sales on May 28, 2024. In this newly created role, Sandra will lead Wells Fargo s Consumer.

PennyMac Financial Services, Inc. (NYSE:PFSI) Q1 2024 Earnings Call Transcript

PennyMac Financial Services, Inc. beats earnings expectations. Reported EPS is $2.48, expectations were $2.34.

Data Analytics, Servicing Products; STRATMOR's CD Workshop; Training and Webinars

CRM Product; STRATMOR CD Workshop; FHFA on Lock-In Effect; Training and Webinars

I head to Central Texas today (A53 on Southwest; something about maybe seeing an eclipse); statewide Texas home ownership rate is about 64 percent. This is a shade lower than the 66 percent nationwide. (Home ownership & operational challenges facing lenders are a couple of the topics Mike Metz with Arizona’s V.I.P. Mortgage will discuss today at 2PM CT.) And a huge percentage of those homeowners have low fixed rates. People can be “locked-in” or constrained in their ability to make appropriate financial changes, such as being unable to move homes or sell assets due to tax burdens. In the U.S., nearly all 50 million active mortgages have fixed rates, and most have interest rates far below prevailing market rates, creating a disincentive to sell. These frictions, whether institutional, legislative, personal, or market-driven, are a real problem. The FHFA, Fannie & Freddie’s conservator, has a research piece on this since residential rea