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Buydown, Corresp., POS, eClosing, Outsource, Insurance Products; FHFA/Freddie/Fannie Changes

I was having dinner in Manhattan last night, with the topics including Virgin Orbit filing for bankruptcy and the continuing Homepoint rumors (any questions should be directed to your wholesale AE or the publicly-held company itself!), when the waiter came up and asked how everything was before I’d taken a bite. Does that constitute a “dishruption?” Want a visual of something as disruptive as an FHFA pricing change with no notice or lead time? Here you go. For more acronyms that begin with “F,” the Federal Deposit Insurance Corporation (FDIC) announced the framework of a marketing process for the approximately $60 billion loan portfolio retained in receivership following the failure of Signature Bank, New York, New York. Dig your loose change out of the couch and buy some of the portfolio “comprised primarily of commercial real estate (CRE) loans, mostly multifamily in NYC, commercial loans, and a smaller pool of single-family residential loans ....

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