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Borrower Outreach, Servicing Oversight Products; TPO News; Bank Merger Announced; Brokers and RESPA

“I accidentally rubbed ketchup in my eyes. Now I have Heinzsight.” In terms of foresight, looking ahead, there are some interesting things going on out there in Mortgage Land! How ‘bout the CapitalW Collective non-profit for women in mortgage capital markets? And Beeline's Miguel Vega has been in the press lately with, "The Dream of Owning a Piece of America is a Dominant Theme in the Latino Community” and the company launching a Spanish-language version of its home loan experience this week. Something else that continues to be “interesting” is the question, “Are brokers violating RESPA every day?” This question is asked because brokering is a referral of a customer to a lender, right? HUD identified fourteen services normally performed in the origination of a loan (Section II, subsection C of the link above), and brokers usually do five out of the fourteen services, including taking the application, to get around ....

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CMS Now Offering 40-Year Loans, Temporary Buydowns

CMS Now Offering 40-Year Loans, Temporary Buydowns
nationalmortgageprofessional.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgageprofessional.com Daily Mail and Mail on Sunday newspapers.

Greg Austin , Carrington Mortgage Services , Carrington Flexible Advantage , Carrington Flexible Advantage Plus , Carrington Prime Advantage , Carrington Investor , Conforming Conventional ,

Borrower, Disaster Alert, Verification, Processing Tools; Non-QM and Non-Agency Product News

This morning I am heading to Knoxville to visit with the local chapter of the Tennessee Mortgage Bankers Association. On my way I received an email asking, “I’m trying to place a high bal loan on a manufactured house on acreage. Any suggestions?” Nope, no suggestions. This is not an ad, but you should start with Mortgage Elements: enter the state, and then the program, and see who’s doing what. And what about information on warehouse lending, and what it is telling us about the current lending environment? The Mortgage Bankers Association has its survey. The MBA’s Chart of the Week from mid-February showed that the average usage level of first-mortgage warehouse lines (the percentage of outstanding borrowings to warehouse facility limits) fell for the sixth consecutive quarter to 38% as of the end of the fourth quarter of 2021. It was the lowest usage level since the inception of the survey in the second quarter of 2018. Meanwhile, at the other end of ....

United States , Lori Brewer , Robbie Chrisman , Gregg Palmer , Simplenexu Lori Brewer , Steve Richman , Jeff Schaefer , Steve Majerus , Deloitte Securitization Capital Markets Services , Doc Agency Plus Or Bank Statement , Datafacts Lending Solutions , Tennessee Mortgage Bankers Association , Market Committee , Credit Services , Agency Products , First Community Mortgage , Synergy One Lending Inc , Stewart Lender Services , Agency Transactions , Mortgage Bankers Association , Investor Solution Loan Program , Credit Solutions , Small Business Optimism Survey For , Tennessee Mortgage Bankers , Mortgage Elements , Broker Products ,

Borrower, Disaster Alert, Verification, Processing Tools; Non-QM and Non-Agency Product News

This morning I am heading to Knoxville to visit with the local chapter of the Tennessee Mortgage Bankers Association. On my way I received an email asking, “I’m trying to place a high bal loan on a manufactured house on acreage. Any suggestions?” Nope, no suggestions. This is not an ad, but you should start with Mortgage Elements: enter the state, and then the program, and see who’s doing what. And what about information on warehouse lending, and what it is telling us about the current lending environment? The Mortgage Bankers Association has its survey. The MBA’s Chart of the Week from mid-February showed that the average usage level of first-mortgage warehouse lines (the percentage of outstanding borrowings to warehouse facility limits) fell for the sixth consecutive quarter to 38% as of the end of the fourth quarter of 2021. It was the lowest usage level since the inception of the survey in the second quarter of 2018. Meanwhile, at the other end of ....

United States , Lori Brewer , Robbie Chrisman , Gregg Palmer , Simplenexu Lori Brewer , Steve Richman , Jeff Schaefer , Steve Majerus , Deloitte Securitization Capital Markets Services , Doc Agency Plus Or Bank Statement , Datafacts Lending Solutions , Tennessee Mortgage Bankers Association , Market Committee , Credit Services , Agency Products , First Community Mortgage , Synergy One Lending Inc , Stewart Lender Services , Agency Transactions , Mortgage Bankers Association , Investor Solution Loan Program , Credit Solutions , Small Business Optimism Survey For , Tennessee Mortgage Bankers , Mortgage Elements , Broker Products ,