In the secondary markets, lenders are trying to wring out every penny from loan sales. For example, in today’s podcast (available here) is an interview with Senior Director of MCT’s Investor Services team, Jennifer Kennelly, on MCT’s Bid Auction Manager (BAM) Marketplace, the nation’s first open mortgage loan exchange. In the primary markets, it’s rough, and I received this note from a senior executive. “In our branches, this is worse than the meltdown. In 2008-2010 we may have had problems finding lenders to loan money, but there were some, and we still had business. And rates were okay. Today we barely have any business and rates are so high borrowers become angry at us when we quote them!” And the cost of doing business is continuing to escalate. “NCRA understands that the end users of the tri-merge mortgage credit report (the mortgage lenders) have been grouped into three pricing tiers by Fair Isaac (FICO) with a wholesale pri
Community Lending, 1099, Compensation, NOO, Non-QM products; Government Loan Program Changes
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legislators in the state of arizona and that is why i was to taken aback. she fully believes that it is credible according to the words that she said to me and she doesn t seem to want any other input in regards to that. she has sat down with oan, she has allowed them to have access to this audit and it s extraordinary. and the lack of other information coming in is what i find so alarming because of who she is, brian. oan, for those who don t know, very small cable channel, not rated by nielson and not very popular but it is a big fan base among the trump base and taken as gospel even though it has a long history of information. you have criteria for knowing what is reliable. before you tell us oan score, how do you determine what a reliable source is? sure.