Singer/actress Olivia Newton John AND author David McCullough, both dying to start the week? (I just finished “Mornings on Horseback.”) After I die, I want my remains to be spread over Disneyland in Southern California. But I don’t want to be cremated. (Think about it.) Brokers know that also involving Southern California is today’s loanDepot earnings call at 2PM PT. “LD” has made some very public pronouncements of cutbacks in recent months… Will today continue that streak? Stay tuned. One can only imagine. Follow the money… how ‘bout the budget reconciliation bill that include $80 billion for the IRS for audits and enforcement, among other things?! Capital markets staff certainly focus on money, and the current STRATMOR blog is titled, “Capital Markets: Protecting Margins and Assets.” Does your company offer a 2nd mortgage behind someone else’s 1st? Interesting… Independent mortgage banks (IMBs)
Lead Gen, REO Mgt , Subservicing Tools; Conforming Conventional Changes; Markets Await FOMC Meeting
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Subservicing, Convenience Fee Compliance, VOE, POS Products; Non-Agency/Non-QM News
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We’re all trying to save a few pennies. We have the increase in postal rates coming soon and perhaps pick up a roll, or ten, of Forever Stamps. It’s not like they have an expiration date, unlike, apparently, lenders. Remember names like AmeriLoan, Countrywide, PNC, WaMu, Home Savings of America, Fleet, Great Western, World Savings, Associates, Nat City? “We are writing to share an update on ’s efforts to address significant, unexpected, and unprecedented economic pressures facing the entire mortgage market. As you know, the mortgage market faces mounting macroeconomic challenges, including increasing concerns about the availability and cost of credit, the end of the refinance boom, the systemic impact of inflation and geopolitical issues, and reduced demand for purchase money mortgages. As part of our efforts to address these challenges, will no longer purchase correspondent loans… We value our relationship with you and appreciate your pati