Ops, MLO Jobs; Sales, Non-QM, HELOC Products; Agency and Investor Disaster Policies; the Fed and Rates Mar 1 2021, 8:21AM
With the jump up in mortgage rates Thursday, and the move back down Friday, a few lock desk personnel wrote to me over the weekend asking about ways of keeping LOs who floated when rates were low, or locked loans at the bottom, off their back. Here you go. Certainly, the mortgage servicing rights of the 2020 book have become more valuable to those holding it as the perceived duration has increased: At this point who is going to refinance a 2.75 30-year mortgage (unless they need cash out)? Last year saw a continued wave of people in their 20s and 30s buying, or trying to buy homes. As this article points out (an important read for any MLO interested in first time home buyers), it is not an easy process saving up the down payment, qualifying for a loan, finding a property, presenting a winning bid, and then financing it. (To listen to
By Crystal McGough, sponsored content
TRUSSVILLE Since 2015, First Community Mortgage in Trussville has been helping first-time homebuyers from all walks of life make their dreams of purchasing a home come true, and according to loan originator Donna Lowery, every homebuyer is a first-time homebuyer.
“Every time someone purchases a home, it’s like their first time,” Donna said. “I treat every person as if they are truly a first-time homebuyer.”
First Community Mortgage is licensed to provide financing throughout the entire United States, with its home office operating out of Murfreesboro, Tenn., but Donna opened the first Alabama branch in the heart of Trussville in 2015. As a 30-year Trussville resident and president of the Trussville Chamber of Commerce, the Trussville community is dear to Donna’s heart.
First Community Mortgage Hires Retail Transition Account Manager mortgageorb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageorb.com Daily Mail and Mail on Sunday newspapers.
Lock Desk, Credit, MLO, Ops Jobs; Underwriting, Pricing tools; DACA, URLA Changes; Primer on the Secondary Markets Feb 4 2021, 8:18AM
Making headlines is United Wholesale averaging $15 billion a month in production and earning total net income of $3.4 billion for 2020, quite a change from the $415 million of net income in 2019. And over time, we change. In your 20s: “I fell asleep backwards on a coffee table last night and woke up just in time to run a 5k.” In your 30s: “I bought the wrong pillow. Put me in hospice.” Even Matt Damon changes: he’s selling his house in Southern California for a move to New York. (Schedule a tour of 1401 San Remo Dr. if you like.) Some argue that government never changes, but many argue that it does indeed. With all the headlines about the inner workings of government, many wonder how we are actually being governed as a nation. (Thank you to Len T. reminding me of that clip.)
From The Tribune staff reports
TRUSSVILLE The Trussville Area Chamber of Commerce announces Toast of Trussville, a virtual awards celebration, on Feb. 18, 2021. An online program produced by The Trussville Tribune and accessible on its Facebook page will begin at 6 p.m.
For a donation of $50 or more to the chamber, donors can take home a celebration box containing a beverage, charcuterie from Meals by Misty, a special celebration gift sponsored by Jefferson Memorial Funeral Home & Gardens, and a packet of items designed to give the COVID-safe evening a festive touch.
Boxes will be available for pickup the afternoon of the party, from 3:30 p.m. to 5:30 p.m.