While investors who “jumped the gun” on establishing their own conforming conventional loan limits ahead of the official proclamation at the end of November by the FHFA are wondering if they “spoke too soon” as values drop, time is rushing by. Kids are back in school, learning about Cuba and having pizza. We’re losing about 3 minutes of daylight a day. Children are picking out Halloween costumes. There are fake Christmas trees in Costco. We don’t turn back the clocks (daylight savings time in all the states except Arizona and Hawaii) for another month, November 6. Things are happening behind the scenes, and today’s Rich and Rob Rundown has Nadia Evangelou, the National Association of Realtor’s Senior Economist and Director of Forecasting, and Jim Parrott, a nonresident fellow at the Urban Institute and owner of Parrott Ryan Advisors. Topics will include FHA pricing moves, FHFA pricing moves, the FHFA on credit scoring models, fore
Corresp., AE, LO Jobs; Digital, Warehouse, Processing, Pricing Products; Freddie and Fannie News Apr 29 2021, 8:30AM
A “google” is the large number of 1 with 100 zeroes after it. For lenders, a billion is a large number, and it would be unheard of for a lender to save $1 billion in costs. But that is what Google’s parent Alphabet Inc. is saving, per year in costs, because employees are working from home, not traveling, not paying for company promotions, travel, or entertainment. (Wing is also a company owned by Alphabet, and is a drone company delivering Girl Scout Cookies to an area in Virginia.) While lenders are focused on the cost to manufacture a loan, and CEOs are busy educating their staffs about existing costs and reducing them, other people are… trying to sell an island in Florida at $3 million per bedroom? Hope your plumbing doesn’t back up, or that you forgot to buy basil for that pasta sauce you’re making tonight. Don’t forget t