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Private Label, Fulfillment, Non-Agency Products; Wholesalers and Correspondent Process and Product Changes

What guy hasn’t wanted to usher a gal through to a club like Ray Liotta did, masterfully filmed without cutting away? Unfortunately, breaking the spell of the video, I received this note. “Rob, what have you heard regarding a miscalculation of credit scores by Equifax in late March and early April on a sizeable portion of their pulls?” I have indeed heard rumors, and indeed heard rumors that it potentially impacted thousands of borrowers across the United States, possibly influencing the loan programs and pricing that those borrowers received. Something to do with a coding issue introduced during a technology change to Equifax's legacy online model platform (OMS) possibly resulting in the potential miscalculation of certain credit attributes. Given the seriousness of these rumors, and the potential legal implications of an error of this magnitude, you should definitely reach out and ask Equifax, or ask your credit reporting agency for more information. But

Western Alliance Bank Mortgage Services Group boosts opportunities for clients

Call Center, CD, AE Jobs; Referral, Non-Agency, Warehouse Products; Agency Changes; Rates Take a Breath

Call Center, CD, AE Jobs; Referral, Non-Agency, Warehouse Products; Agency Changes; Rates Take a Breath
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Ops, Sales Jobs; Securitization, HELOC, Verification, Tech Review, Sales Products; Events and Webinars

Ops, Sales Jobs; Securitization, HELOC, Verification, Tech Review, Sales Products; Events and Webinars Jun 1 2021, 8:14AM June, already. Plans to return to the office? The Mortgage Bankers Association, for example, is gearing up for a July 12 return. And you can bet it’s watching the machinations of the Agencies. Huh? Rumors of Freddie raising its gfees? Rumors of the 7 percent being ratcheted down to 6.5 percent or 6 percent over time, or lenders being asked to buy back non-owner or 2nd homes that exceed the caps? Rumors of tweaking the seasoning language? Heck, what do I know? It is always best to ask your Agency rep, and not listen to the rumor mill. But capital markets staffs around the nation continue to keep their eyes and ears open about the FHFA retiring COVID loan flexibilities, the CFPB and delays in QM mandatory compliance dates/GSE QM delivery deadlines, the merits, or lack thereof, of the FHFA’s new low-income refinance option, the EPMI/

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