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Hedging, TPO and Broker Programs; Servicing, QC, Consulting Products; CFPB Report on Lending; STRATMOR and MortgageCX

Seen on someone’s laptop here in Phoenix: “If Pete Davidson can date a Kardashian, you can be a homeowner.” From a business viewpoint, if you think mortgages are bad, try NFTs. I don’t know what I was thinking, sinking my entire 401(k) into that sector a few years ago. My collection of fake, imaginary art is now worthless!? It’s good to keep things in perspective. If you think rates in the U.S. are too high, try being a lender in Pakistan (22 percent) or Turkey (benchmark rate at 25 percent.) Although buyers in the U.S. don’t have to contend with rates like that, what are the big concerns in the home buying experience? A sizeable portion believe that they will not be able to afford the mortgage payment. Almost as many believe that they won’t be able to save, or don’t have enough, for a down payment. Some think that their home will not be a good investment. And there is a portion who believe that they can’t trust the real es ....

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