Page 3 - Zoral Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Purchase Advice API, TBA Trading Tools; STRATMOR on Signing Bonuses; Webinars and Training to Finish July

Purchase Advice API, TBA Trading Tools; STRATMOR on Signing Bonuses; Webinars and Training to Finish July
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.

New yorkUnited statesLas vegasFreddie macPatrick welbergBowen leeCaleb mittlestetMike fratantoniAlex kutsishinAnyah ellisBuzz aldrinAdela martinezPhil rasoriNeil armstrongRobert coomerRobbie chrisman

Broker, DPA, Automation, Warehouse Products; Wholesaler News and New Products

Dang these five-day work weeks seem long! My cat Myrtle doesn’t seem overly concerned with work, days or weeks, as long as that line-caught ocean salmon keeps showing up in her bowl. Food? From Michigan, Don C. observes, “I hate when I think I’m buying organic vegetables, and when I get home, I discover they’re just regular donuts.” Spell them doughnuts or donuts, who out there doesn’t get excited when they catch a glimpse of that pink box coming through the door? But these treats have always faced an uphill battle for volume. Volume? According to Curinos, June 2022 funded mortgage volume decreased 48 percent YoY and 5 percent MoM. In the Retail channel, funded volume was down 53 percent YoY and 5 percent MoM. The average 30-year conforming retail funded rate in June was 5.31 percent, 32-bps higher than May and 207-bps higher than the same month last year. (Curinos sources a statistically significant data set directly from lenders to produce th

United statesAnthony ianniDebra wattHal simsSeth spragueJohn gouldingChris penessoMike fratantoniAmy brandtBryan traegerJeff neufeldAndria lightfootChenoa llpasAmazon web servicesFlagstar bankSnp inc

Operational Cost, Pre-qual, Broker, Legal and Vesting Tools; News From Wholesale Channel; Housing Supply and Demand

You can rest assured that no animals were harmed in the making of this commentary! But the harm felt by stockholders during the last several months has not been trivial, and not only confined to lenders. As has been discussed in this Commentary, just because the open market can see their stock prices fall doesn’t mean those companies are faring any worse, or better, than non-public companies. And other companies in related industries have not fared much better. For example, Redfin (a full-service real estate brokerage that owns lender Bay Equity) hit a high of over $95 a share and hit a low a few weeks ago of $7.13. Put another way, if you had sunk your life savings of $1 million into Redfin stock in February of 2021 your life savings would stand at $75,000. Ouch. The speed and magnitude of the rate move in 2022 has hurt many, but to keep things in perspective remember that the highest interest rates were in October 1981, a whopping 18.45 percent. Fortunately, no one is talking

United statesRichmond barkinKenny parkhurstFrancisco dalyLawrence yunTravis rulleMark wilsonJim deitchLand home financial servicesMarket committeeIntegration solutions incStar partner programUs bankZoral groupFirst community mortgageBay equity

Capital Markets, Purchase Advice Products; Investor Agency Changes; Rates Hit Housing; IMB Costs Head Higher

All the stories that could be told, and so many that have yet to happen. And now 19 that never will be. It is very hard to go about one’s day, whether one has children or not, or a teacher in their family as I do, or not, given what happened in Uvalde, Texas, yesterday. Or to imagine what being in that classroom was like. And just like after every other mass shooting in the United States, fingers are pointed, lines are drawn, and rhetoric that we’ve all heard before is repeated until it happens again. Ban guns? Better background checks? Create fortresses out of elementary schools? Improve mental health care? We’ll go around and around on the reason(s) and the cure(s). Far be it from a daily commentary on residential lending to adequately address the evil that we witnessed yesterday. But we all do what we can. (Today’s podcast is available here and this week’s is sponsored by Matchbox LLC, igniting ideas for the mortgage industry. Expertise in assistin

New yorkUnited statesFort wayneDale vermillionFreddie macAquil flytheDanny hughesJim shalerStan tuckerMarina walshAlex kutsishinFreddie mac borrowsmartEsther georgeScott payneSusan hamelFreddie mac homeone

Fee Processing, Sales, PA Tools; Blend Layoffs, Wholesaler Stops Locks; Rates Drop as Growth Falters

“I’d listen to their forecasts about as much as I’d listen to Aerosmith’s Steven Tyler dispense advice on monogamy.” Regardless of who this LO was talking about, predictions are dicey business. Thank you to Julie W. who sent, “Why So Many COVID Predictions Were Wrong.” We all knew rates would move higher, but not at this pace. And companies have reacted. Layoffs, reductions in force, cutbacks, whatever the politically correct term is these days, are not confined to lenders. Blend made headlines last week with its layoffs. (Resumes for those displaced can be posted here for free.) The drop in volume has allowed companies to focus on cutting costs and maximizing hedging performance and secondary marketing execution. Along those lines, today’s podcast, available here, features an interview Eric Connors, SVP of Product Strategy and Management at ICE Mortgage Technology, on the ICE futures contracts. This week’s is sponsored by

United statesPaul petersEric connorsErnestp schumacherSteve smithDominic wilcoxAerosmith steven tylerJason frazierMortgage technologyFannie mae national advisory council memberView flagstar bankBroker softwareZoral groupAgency underwritersBank statement qualificationPennymac correspondent group announcement