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Non-QM, DSCR, HELOC, Pre-Approval, Automation Tools; The MBA, CFPB, and White House on Mortgages

Non-QM, DSCR, HELOC, Pre-Approval, Automation Tools; The MBA, CFPB, and White House on Mortgages
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Hedging, Loan Production, Auditing, QC, Broker Marketing Products; Primer on the Cost to Hedge

A “crisis” is a time of intense difficulty, trouble, or danger. Think calamity, catastrophe, or disaster. The word makes for attention-grabbing headlines, and a scan through the news shows a mental health crisis, child care crisis, migrant crisis, China property crisis, a climate change crisis, an opioid crisis, a housing crisis… Eventually people become immune to seeing the word, and it loses its effectiveness, especially when nothing pans out from the “crisis.” I mention this because, despite a lot of predictions to the contrary, the banking “crisis” from March seems to have been contained to a few well-known banks. (Let’s hope so.) The Federal Reserve Board, released its results of annual bank stress test, which demonstrates that “large banks are well positioned to weather a severe recession and continue to lend to households and businesses even during a severe recession.” Of course, not every bank is large, and K ....

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