Pushing borrowers in unaffordable loans, aggressive Debt Collection driving up cost through hidden addons, overappraising home, all of these things. If you do nothing else, read this essay which i flat predict today, write it down, is going to win a pulitzer prize. I write it down. It has been suggested that lenders could not make a living were they held to eight points over prime. But thats not that doesnt square with reality what is reality . Take out the largest lender who averages seven points over prime, seven points over prime, average all the rest and it is 3. 8 over prime. Dont tell me lenders cant make a living in the manufactured home market unless theyre given 10 points over prime. Theyre making a living and in fact they could double it and still be approximately what the single largest does. This bill is about relaxing an awful lot of Consumer Protections among our most vulnerable population. Requirements to do housing counseling, ban on teaser rates, early provision on dis
Iron Title Expands in Oklahoma, Bolsters Executive Leadership Team
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Iron Title Expands in Oklahoma, Bolsters Executive Leadership Team
insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
My notes from the MBA’s conference this week continue, including talk about new home sales being +4.1 percent for the month (+11 percent year over year, bringing a smile to builders everywhere). Although most of the focus of the conference was on the secondary markets (although let’s face it, there isn’t a plethora of new investors or products), the primary markets continue to be a discussion topic. Some lenders have seen LOs move into the broker world, some have seen them come back. The transition to being a broker is not always “rainbows and unicorns.” It appears to have better “top line” revenue but what about the “bottom line” when a shop has to pay for their own benefits, marketing, IT support, etc. (STRATMOR has a fine write up on the subject below.) Lenders continue to examine the branch model, whether it is traditional or P&L (revenue) based. The MBA defines an “expense management”
Iron Title Names Ana Villela-Murillo SVP, Expands Operations and Leadership Team
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