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Hedging, Automation, Community Lending, DPA Products; STRATMOR on Customer Experience

While we had news today of the British Prime Minister resigning, yesterday my doctor asked if anyone in my family suffers from mental illness. I replied, "No, we all seem to enjoy it." Suffering from a lack of liquidity is the death knell for lenders and certainly nothing to joke about. Want to know the quickest way to shut your business down? Don’t return your warehouse bank’s phone call. In the secondary markets, if no one is interested in buying the products we’re manufacturing, that isn’t good news. So headlines of stories in the Wall Street Journal like, “Recession Fears Hit Risky Mortgage Debt Amid Default Concerns” are a real problem. (Subscription needed.) Housing and lending, “upstream” and “downstream,” is our focus, and economist Elliot Eisenberg summed things up. “With 30-year mortgage rates steadily climbing and now at 7 percent, it is unsurprising the NAHB Housing Market Index f

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The winning work of Collectible Conservation Stamp Art Show

The Wyoming Game and Fish Department has announced and extended congratulations to the winners of the Collectible Conservation Stamp Art Show. The 39th annual contest featured the pacific marten, a North American carnivorous mammal in the weasel family. The winning artwork comes from Dan Andrew

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Capital Markets, Compliance, Homebuyer, Pre-approval Products; Fair Lending and Compliance are in Vogue

Capital Markets, Compliance, Homebuyer, Pre-approval Products; Fair Lending and Compliance are in Vogue
mortgagenewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagenewsdaily.com Daily Mail and Mail on Sunday newspapers.

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Management, TPO, MLO Jobs; Non-QM, Jumbo, Rate Sheet, Pooling Products; Events and Training

Management, TPO, MLO Jobs; Non-QM, Jumbo, Rate Sheet, Pooling Products; Events and Training
mortgagenewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagenewsdaily.com Daily Mail and Mail on Sunday newspapers.

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MLO Jobs; Risk Reduction Products; Marketing, Workflow Tools; JP's Earnings, and the MBA's Take on 2020's Profits

MLO Jobs; Risk Reduction Products; Marketing, Workflow Tools; JP s Earnings, and the MBA s Take on 2020 s Profits Apr 14 2021, 8:08AM I wear a stethoscope so that in a medical emergency I can teach people a valuable lesson about assumptions.” People shouldn’t assume that all offices are made equal. People in our biz shouldn’t assume that “all lenders are the same.” Jim Cameron from the STRATMOR Group has noticed a difference between depository banks and independent mortgage banks. Namely, banks are not only awash in cash, which will help them with HELOCs and other portfolio products, but appear to have larger pipelines heading into this slowdown in volume/reduction in margin. IMB’s mindsets are on cutting overtime, watching expenses. One CEO even told me about a small “RIF” (reduction in force) for his company in the coming weeks. Even though the pandemic is still in the headlines, 2020 performance is in the rearview mirror, which may tu

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