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Top News In Encompass Product Today - Breaking & Trending Today

Community Lending, Financial Literacy Tools; Customer Experience Study; CMLA/CHLA; FHFA and Ginnie and Seller Servicers

Today is World Breast Cancer Research Day, a global recognition of the life-changing research (past, present, and future) to end breast cancer. That would be nice. What is also nice, so far, is the lack of named storms in the Southeast. Lenders, and servicers, and of course homeowners, in the Southeast dread “hurricane season.” Back in May, NOAA's outlook for the 2022 Atlantic hurricane season (June 1 to November 30) called for “above normal” storm activity. But the prediction, like interest rate predictions, has so far been wrong, and it has been surprisingly quiet to date, thankfully. In the housing market, things are also quieting down somewhat as the summer season winds down. Or is it due to recession fears? Time will tell. Meanwhile, every week I receive questions about market dynamics and individual lender performance. How much did “X” produce last year? In which states? What is their product mix? What was their growth YoY? Where ....

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New Loan Products; Sales Webinar; GSE's New Fee, Conforming Conventional Changes

“I used to be indecisive. Now I'm not so sure.” Management teams at lenders and vendors can’t be indecisive in this environment. Who’s going to be right, come Q4 of this year, and Q1 of 2023, which many believe are going to be extremely painful as the purchase market seasonally slows. Are the cuts lenders are making now enough to show warehouse lenders and broker-dealers profitable months and quarters? News continues to hit the tape, including Russia’s first default on debt since 1918. As mentioned in Saturday’s commentary, last week we had the FGMC (First Guarantee) big layoffs/closure of its correspondent and wholesale divisions. There was JPMorgan’s mortgage-related layoffs. That said, what makes headlines these days should be lenders and vendors who aren’t laying people off rather than those that are. How about lenders, servicers, and asset holders watching the Florida (“The Plywood State”) homeowner ....

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