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LOS to G/L Automation, MERS Audit, Broker Pricing, VOI/E, Serv. Retention Tools; Conventional Changes; Signing Bonus Drama

“Hey, just because you’re offended doesn’t mean you’re right.” Lenders, who paid out bucks, believe that they are right and within their rights in “clawing back” bonuses paid to employees, namely producers, when production didn’t pan out. (Let me know if you need it sent to you.) Is the bond market “right” pegging Treasury and mortgage-backed security prices and therefore mortgage rates? The traditional “flight to quality” during international conflict hasn’t materialized for a variety of reasons including currency valuations, traditionally riskier assets such as equities or bitcoin becoming increasingly accepted as safe-haven investments, and the Federal Reserve currently acting as a net seller while the U.S. government is set to issue even more bonds. And despite years of predictions of a recession, the first reading of U.S. GDP for Q3 blew every analyst estimate out of the water: The American ....

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Warehouse, Appraisal, Non-QM, RON Products; Reverse Mortgages: Catch the Wave; Mortgage Apps Continue Decline

A biologist, a chemist, and a statistician are out hunting. The biologist shoots at a deer and misses five feet to the left. The chemist takes a shot and misses five feet to the right. The statistician yells, “We got ’em!” Are you selling your house? Me neither. Few people are: there are only about 564,000 active listings. That’s about 11,000 per state. In California, where there are 58 counties, that is an average of less than 200 per county. In Wyoming, the least populated state, there are 58 counties so that’s 190 listings per county. Of course, averages don’t apply like that, but it is important to keep things in perspective, and the overarching issue is a continued lack of supply and a strong demand impacting prices, affordability, and sales numbers. Can lighthouses help? Since 2000 about 150 lighthouses have been transferred to new owners, about 80 given away at no cost to agencies, nonprofits or educational organizations willing to maint ....

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KIND LENDING NAMED BEST MORTGAGE COMPANIES TO WORK FOR 2023

/PRNewswire/ Kind Lending has been awarded the honor of Best Mortgage Companies to Work For in 2023 by National Mortgage News. The list is based solely on. ....

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