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AE, MLO Jobs; Warehouse, Broker Products; FHA and Loan Mods; Strong Jobs Data Moving Rates
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MBA, MLO Jobs; Marketing, Customer Service, VA, Retention Tools; FHA and VA Program Shifts
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Ops, MLO jobs; Marketing, Subservicing, HFA, Warehouse Products; Agency/GSE Changes May 19 2021, 8:02AM
Face facts: There are many differences between men and women. One of which is that when returning home from the grocery store, women typically are more level-headed and carry normal bag loads, whereas men typically carry as many bags as possible to save trips, sometimes with unfortunate consequences. I bring this up because the same bag of groceries seems to cost more as time passes, but (here’s your Tuesday Trivia) more shipping containers have been lost, off of ships at sea, in the first two months of this year than normally are lost during an entire year! Economists love talking about how raising the minimum wage impacts the labor force, and inflation, and Bank of America’s announcement yesterday that it is raising its minimum wage to $25/hour by 2025 (catchy) turned a lot of heads. (More inflation news below in the capital markets section.) Tod
MLO and Ops Jobs; Fee Collection, HELOC, Renovation Products; Comp Survey; Bank M&A Trends
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Private Bank, Correspondent, MLO Jobs; CRM, Jumbo, Sales Tools; LDI Now Public; Wells PPP Fraud Example Feb 12 2021, 8:16AM
Lending and real estate are permanently linked. On the mortgage side of things, the podcast of today’s commentary features thoughts on the $1.5 billion cap on Agency whole loan sales, and it can be heard via Apple, Spotify, or Google: subscribe and download. On the real estate side of things, inventory issues around the nation continue. Remember that ten years ago large corporations were soaking up the majority of homes that came on the market. I mention this because they still own hundreds of thousands of residences and these companies have certainly enjoyed the appreciating market for real estate. (One of them, Blackstone, is buying Interior Logic Group for $1.6 billion. Interior Logic Group is a national provider of interior finish and design technology: a data-driven and technology-enabled provider of interior design, supply