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Community Lending, 1099, Compensation, NOO, Non-QM products; Government Loan Program Changes
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AE, Ops, MLO Jobs; Warehouse, Sales, Execution, Analytics Tools; Tech Survey; Disaster Updates
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MBA, U/W, AE, Construction Lending Jobs; Multimedia, Jumbo, Warehouse, Rental Products; Lenders React to GSE Changes
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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
Sales Director, MLO, Branch Jobs; Servicing, Sales, Jumbo Products; URLA and 4506-C News Jan 29 2021, 8:12AM
One should never stop learning. For example, I just began reading a great book: “How to Cook Crack and Clean a Crab.” Step One: Use commas. I learned that the Bill & Melinda Gates team is the largest farmland owner in the United States. Last year’s overall net farm income is projected to rise 43 percent to $119.6 billion, according to the Department of Agriculture, despite last year’s farm cash receipts being down 1 percent to $366.5 billion. But at the same timedirect federal aid accounted for literally 40 percent of total farm income after more than doubling over 2019 levels. Producers made $46.5 billion from the government, with direct federal aid up 107 percent from 2019. Plenty of lenders have learned about and utilize the USDA Rural Housing program, not to be confused with learning about the URLA (1003) changes ahead. More on the new