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Putting Numbers on Mortgage Job Cuts; Valuation Vendor News; The FTC and Non-Competes; Letter on Affordable Housing

Attorneys across the nation have taken note that the Federal Trade Commission has proposed a rule that would bar companies from requiring employees to sign a noncompete agreement, which limits workers' ability to leave for a rival or to strike out on their own in the same field. The FTC says barring noncompete agreements could raise pay by $300 billion annually. So the FTC wants to ban companies from telling their employees they can't work for competitors, and says it'll help workers make $300 billion more a year. From the East Coast, Brian B. points out that the FTC believes that this is a “rule change” and that approval from Congress, which is a near-impossibility these days, is not needed. Along with this, there are plenty of other topics that are of interest to originators, lenders, and vendors, so let’s jump in. Affordable Housing and Multi-Family Observations Affordable housing is a very hot topic, and Julie Cooper from Evergreen

Non-Agency, Jumbo, LOS, Marketing Tools; Appraisal News on ACE/PDR: a Faster Way to Close

Non-Agency, Jumbo, LOS, Marketing Tools; Appraisal News on ACE/PDR: a Faster Way to Close
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Loan Sales, POS, CD, Jumbo Products; Rocket Earnings and Industry Changes; Capital Markets

Remember how you wished that the pandemic wouldn’t be in the headlines every day? You got it! Unfortunately, it has been replaced by the Russian invasion of Ukraine, long discussed and now occurring, and we can all watch and follow along due to technology. Technology is flippin’ amazing. I believe that, at any given time, there are approximately 60,000 people in the air over the U.S., and thank you to Orion’s Jeremy S. for sending this live map of airplanes in the air anywhere in the world: look at the U.S. or scroll over and check out the void over Ukraine. The number of people who remember “Talkies” gaining in popularity in the late 1920s is dwindling. (If you’ve never contemplated the term “Movie” here’s your chance.) Unfortunately, what is also dwindling somewhat are the number of people in our business as companies reduce costs, and therefore workforce. (Anyone displaced can post their resume for free here, and employe

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