Non-QM, Reno, Jumbo Products; SaaS, Sales, Underwriting Products; Correspondent News; Underwriting Shifts Apr 8 2021, 9:55AM i before ‘e’ except after ‘c’” has finally been disproved by science. Does “machine learning” equal “Artificial Intelligence (AI)”? Nope. And did you know that over the past 12 months, in the U.S. there has been a net loss of 2,563 bank branches (3,585 branches shuttered while 1,022 were opened) per S&P Global? Although the pandemic has definitely had a hand in speeding some of these closures along, lenders are concerned about how the post-pandemic world will affect depository bank and mortgage bank branch levels. Lenders are also concerned about how HMDA data, sifted through by the CFPB, may be construed. It is generally thought that the lowest cost, most efficient producers will rise to the top, and the commentary has some notes on back-office changes below. In addition, the audio version of today’s commenta
AE, MLO, Ops Jobs; Rule Logic, Subservicer, Non-QM, POS Products; Rate Moves Partially Impacting Rate Sheets Feb 18 2021, 8:30AM
Welcome to 124-year-old Girl Scout Cookie Season! If you’re an LO, how’d you like to deal with borrowers for 189 years, or eat the same thing day after day? I thought so. Meet Jonathan who now holds the record for the oldest animal in the world. (Speaking of age, how do you appraise a 1960 Missouri bunker as a $1.1 million residence?) Jonathan couldn’t care less about mortgage rates, which have moved higher. Even yesterday’s FOMC minutes show most participants expect a sizable boost in economic activity” more in the capital markets section below. But the move is providing MLOs with even more reason to provide better customer service. The STRATMOR Group’s Mike Seminari observes, “It’s surprising how much borrower satisfaction improves with LOs setting expectations up front, not asking for the same document twice
10 Feb 2021
A new report at the Institute for Family Studies warns Joe Biden’s promise to expand Title IX campus sex assault protections will attempt to empower his radical administration’s bureaucrats to “shape the sexual norms of future generations.”
Manhattan Institute Fellow Kay S. Hymowitz observed that, in 2011, the Obama administration launched its “Dear Colleague” letter to college and university deans to express its horror at what it claimed were “statistics on sexual violence” that “are both deeply troubling and a call to action for the nation.”
“A report prepared for the National Institute of Justice found that about 1 in 5 women are victims of completed or attempted sexual assault while in college,” the letter stated.
Sales, MLO Jobs; Home Ownership, Non-QM, PPE, Sales Tools; Conventional Conforming Updates Jan 12 2021, 8:30AM
Nearly two weeks into 2021 already? I was just getting used to saying “2020.” Now I have to add a syllable every time. “One.” There’s continued talk of companies likeFinance of America, loanDepot, SoFi, and Homepoint going public, and if Caliber and AmeriHome will after delaying things in October. Many experts are predicting another strong housing market in 2021. “Strong” can mean either lots of volume, or price appreciation. Or both. “They” are forecasting increased demand from buyers who delayed purchasing homes due to the pandemic, from existing homeowners who need larger spaces to accommodate parents working from home, children attending school virtually, and from condo owners who are seeking to escape multifamily buildings for single-family houses to mitigate exposure to the virus. The ability to tour homes and close on pu