Page 7 - Broker Products News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Broker products. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Broker Products Today - Breaking & Trending Today

HMDA Audit, QC, TPO Products; Conforming Conventional News; LoanCare Attack; Strong GDP Report; New Loan Limits

There is always non-mortgage financial news. Mark Cuban is both selling his share in the Dallas Mavericks and leaving Shark Tank. Berkshire Hathaway’s Vice Chairman Charlie Munger has died. When I want something bougie to give as a Christmas present, I go to… Alabama? U.S. airlines lose 2 million suitcases a year, and they all go here along with the contents up for sale. Will Rogers came up with, “Things will get better… Despite our efforts to improve them.” Things certainly aren’t getting better in the credit &amp; verification world. Costs keep going up. Blame the CRAs (credit reporting agencies), Fair Isaac, or the bureaus (Experian, Transunion, or Equifax). Lenders of all shapes and sizes have a renewed interest in managing those costs. At this point, why wouldn’t you charge the borrower up front? Meanwhile, originators are continuing to scramble for business, despite rates having dropped somewhat in recent weeks. (STRATMOR&# ....

United States , David Smith , Josh Weinberg , Freddie Mac , Sandral Thompson , Charlie Munger , Anthony Hsieh , Argyle John Hardesty , Ira Selwin , Fannie Mae , Christine Youmans , Mark Cuban , Housing Finance Agency , Va Council , Pennymac Correspondent Group , Fidelity National Financial , Dallas Mavericks , Time To Program The New Conventional Loan , Community Bank , Citizens Correspondent National Bulletin , Freddie Mac The Enterprises , National Va Lending David Smith , Berkshire Hathaway , Vice Chairman Charlie Munger , Fair Isaac , Real Estate Agents Can Pay Off ,

Hedging, TPO Marketing, AI Underwriting, Encompass Tools; FHA and USDA News; STRATMOR on Lessons Learned

While we await the release of the changes in the official conforming loan limits later today (many lenders and MI companies went to $750k in October, the CLL will probably increase around 6 percent for 2024 to around $770,000, and to $1,155,000 for high cost areas), both vendors and lenders continue with changes, instituting workweek reductions, furloughs, pay cuts, and layoffs due to overcapacity… Much different than a couple years ago when those same companies couldn’t hire people fast enough. Things rarely stay the same forever, whether it is in mortgage banking, shipping, or population. For example, there’s this: “Amazon Takes the Delivery Throne From UPS and FedEx.” Is Texas losing population? No, but here’s yet another example of a sensationalist headline that would make you think so: “People are leaving Texas over rising costs, partisan politics, and a sense of disenchantment.” Paging down a bit shows, “Over 494,000 ....

United States , Ginnie Mae , Courtney Dodd , Dave Gottfried , Alan Pezeshkian , Andrew Rhodes , Angela Castillo , Jenny Skaggs , Mark Workens , Closing Department , Loan Officers Branch Managers , Combo Program , Branch Area , Census Bureau , Resource Library , Rural Development , Fortune Magazine , Federal Reserve , Rural Development Handbook , Foreign National , Steam Champs , Group November Insights , Ginnie Program Updates , Delivery Throne From , Broker Products , Share Webinar ,

SVP Production, Accounting, AE, Appraisal Jobs; Credit, Broker, LOS Products; Disaster Updates

The mortgage industry does not move in unison, unlike some groups. (You’ll need sound.) But consistency is important. For example, Starbucks fans can be pretty much assured that the water that goes into the coffee, regardless of location around the world, will taste the same due to the filtration process, and brew a uniform product. Can you say the same about your originators? As a quick aside, STRATMOR offers a secret shopper program and senior advisor Brett McCracken said a lack of consistency is one of the most common findings from the program. “We recently shopped the same lender ten times with the same two scenarios. Besides the logo in the signature block of the emails we received, not much about the experiences overlapped. From how the originator approached the call to the advice we received to the follow up, it was all over the experience board. We can usually tell why one originator funds eight units a month and their colleague in the same office funds two based ....

United States , Minh Nguyen , Eric Hines , Mike Smalling , Sosimo Avila Jr , Dan Green , Brett Mccracken , Neels Dhingra , Mike Fawaz , Justin Venhousen , Daniel Iskander , Mike Darne , Anjelica Nixt , Correspondent Lending Library , Mortgage Wholesale , Account Executives , Adam Middleman , Continental Mortgage , Production Manager , Loan Vision , Accounting Manager , Job Announcement Number , Appraisal Reports , Broker Products , Loan Origination System , Dark Matter ,

Housing News, Appraisal, Broker Pricing, LOS to G/L Automation Products; FHA, USDA Program News; Renter Data

Inflation and price increases can be widespread and impact many, like gasoline or flour, or can be very specific and impact only a small portion of the population, like guitar strings or limoncello. Continued rent increases impact many, not the least of which are the roughly 50 million tenants themselves along with their potential loan originators who could help them finance a house. Word has it that owners stay in their homes 13 years, although this source says 16 years, whereas tenants stay in their rental about 3 years for a house and 2.5 years for multi-family/apartments. There is a lot of hope being placed by lenders in tenants who move into ownership, as volume stinks. According to Curinos, August 2023 funded mortgage volume decreased 26 percent YoY and increased 8 percent MoM. In the Retail channel, funded volume was down 31 percent YoY and up 8 percent MoM. The average 30-year conforming retail funded rate in August was 6.82 percent, 13bps higher than July and 124bps higher tha ....

San Francisco , United States , South Carolina , Dave Higgins , John Cabral , Ken Dicks , Ian Aubourg , Corie Meredith , Loancare Kevin Cooke , John Paasonen , Ted Adams , Freddie Mac , Fannie Mae Freddie Mac , Chris George , Rob Chrisman , Jeffreyb Flory , Chris Ledwidge , Gil Arbitsman , Timothy Ofak , Carl Wooloff , Resource Library , Sloan Center , Homeownership Center , Rural Development , Fidelity National Financial , Resource Center ,

Correspondent, Broker, Liquidity Mgt., Marketing, AOT Products; Training and Webinars; Foreign Investment in U.S. Drops

“My mother used to say that the way to a man’s heart is through his stomach. Wonderful woman, lousy surgeon.” There is some great food in various parts of the nation, and today I will head from Dallas, TX to Jackson, MS, for the Mississippi MBA annual conference. Dallas is certainly home to its share of real estate owned by people outside of the country. But it turns out that annual foreign investment in U.S. existing-home sales declined 9.6 percent to $53.3 billion over the past year and the number of existing homes bought by international buyers declined to 84.6k, the fewest since 2009 and down 14.2 percent from the prior year. The average ($639k) and median ($396k) purchase prices for international buyers were the highest ever recorded by NAR. For those who like lists, China, Mexico, Canada, India, and Colombia were the top five countries of origin by number of U.S. existing homes purchased. The top U.S. destinations for foreign buyers were Florida (23 percent), ....

United States , National University , North Carolina , United Arab Emirates , Andrew Berman , Tom Davis , Kristin Messerli , Tammie Gravlee , Knight Andy Walden , Las Vegas , Paul Diamond , Daniel Hughes , Robert Senko , Freddie Mac , Tricia Migliazzo , Dave Savage , Janisa Johnson , John Wise , Ashley Puckett , Steve Grossman , Mickey Schilling , John Holbrook , Robbie Chrisman , Alliance Bank , Mortgage Markets , National Mortgage Professional Townhall ,