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Best Ex, Marketing, Non-QM, Accounting Products; Training and Webinars; 40 Percent Own Homes Outright

When you own your own home, you don’t have to deal with unreasonable landlords. (Warning: uncensored.) And then there are those who own their own homes that have no mortgage: almost 40 percent of Americans own their places outright, an all-time high. Do you think that you could live in 200 square feet? There are tiny homes, and then there is this place that kind of folds up! (Thank you to Arch’s Sharon K. for sending this along.) Meanwhile, among lenders there are many reports of, what is in effect, pick-a-pay, when the “referral” source is moved within the company. LO comp is still an issue, as brokers can have different comp plans but LOs can’t. Pre-approvals and pre-quals off the chart, but there is no inventory. Multiple bids are occurring in many areas and price points. In the wholesale channel, smaller companies can’t out-price the “big guys,” so instead are focusing on service and products. And here come the holidays! (Toda

HELOC, Broker Pricing, LOS, Servicing Retention Products; Training and Webinars; STRATMOR on Tech

The upcoming credit price changes were not discussed yesterday at the counter in Paul’s Pancake Parlor here in Missoula, but they might have been. As well as the resignation of NAR’s CEO… are there cracks in the powerful NAR empire? One thing that did come up was the commercial real estate market, reminding us that people need a place to live, not necessarily a place to work. Want to know how bad the commercial real estate market may become? Follow the money. “Blackstone Real Estate Income Trust’s investors sought to pull $2.2 billion last month, compared with $2.1 billion in September… BREIT returned about $1.3 billion to investors, or about 56 percent of what was requested, the ‘highest payout percentage’ since redemptions were restricted last year… The real estate trust is a colossus in U.S. property markets, with its reach spanning from apartments to data centers. In late 2022, BREIT curbed withdrawals after redemption

MLO Jobs; Sales, Processing, Automation, MSR Valuation Tools; Events and Training: MBA Annual Hits 3,000

MLO Jobs; Sales, Processing, Automation, MSR Valuation Tools; Events and Training: MBA Annual Hits 3,000
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Ops, Sales Jobs; Securitization, HELOC, Verification, Tech Review, Sales Products; Events and Webinars

Ops, Sales Jobs; Securitization, HELOC, Verification, Tech Review, Sales Products; Events and Webinars Jun 1 2021, 8:14AM June, already. Plans to return to the office? The Mortgage Bankers Association, for example, is gearing up for a July 12 return. And you can bet it’s watching the machinations of the Agencies. Huh? Rumors of Freddie raising its gfees? Rumors of the 7 percent being ratcheted down to 6.5 percent or 6 percent over time, or lenders being asked to buy back non-owner or 2nd homes that exceed the caps? Rumors of tweaking the seasoning language? Heck, what do I know? It is always best to ask your Agency rep, and not listen to the rumor mill. But capital markets staffs around the nation continue to keep their eyes and ears open about the FHFA retiring COVID loan flexibilities, the CFPB and delays in QM mandatory compliance dates/GSE QM delivery deadlines, the merits, or lack thereof, of the FHFA’s new low-income refinance option, the EPMI/

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