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Servicing, TPO, Warehouse Products; Training and Webinars; CPI Moves Rates Higher

In our biz, you never want to hear, “deception,” “targeting the elderly,” or “abusive tactics” related to a company. But there they are in this report, “The Ugly Truth Behind We Buy Ugly Houses.” (Thank you to Ken S. for passing this along.) The franchise is nationwide, unlike… cicadas? The U.S. Census Bureau says the Midwest includes 12 states: the Dakotas, Kansas, Missouri, Iowa, Nebraska, Illinois, Indiana, Minnesota, Wisconsin, Michigan, and Ohio. I mention this, not only because some people are confused where they live, but also because this spring, two different broods of cicadas, one that lives on a 13-year cycle and the other that lives on a 17-year cycle, will emerge at the same time from underground in a rare, synchronized event that last occurred in 1803. Billions of the winged insects will make an appearance across the Midwest and the Southeast, beginning in some places in late April, for a raucous mating ritual ....

United States , Kansas City , Career Center , San Francisco , Ken Flaherty , Mason Mcduffie , Carla Herrera , Janelle Lindseth , Todd Lautzenheiser , Amanda Phillips , Richard Grieser , Andrew Hicks , Jonathan Spinetto , Josh Livingston , Brent Amos , Reid Herlihy , Bobby Frank , Todd Maki , Elizabeth Karwowski , Madison Kelly , Chuck Iverson , Barkley Smith , Plainscapital Bank National Warehouse Lending , Regional Business Development , Marketing Service Agreements , Broker Software ,

Correspondent, Accounting Tools; Events, Training, and Webinars This Week and Beyond

Sometimes there is no shortcut when you want to make a lot of money. Speaking of making money, and creating wealth for clients, owning real estate continues to be a good investment. The National Association of Realtors tells us that more than 85 percent of metro markets registered home price increases in the fourth quarter of 2023. Its latest quarterly report reports that fifteen percent of the 221 tracked metro areas experienced double-digit price gains over the same period, up from 11 percent in the third quarter. In the lending world, according to Curinos, January 2024 funded mortgage volume increased 3 percent year over year but decreased 4 percent versus the previous month. The average 30-year conforming retail funded rate in January was 6.86%, -39bps lower than December and 47bps higher than the same month last year. Curinos sources a statistically significant data set directly from lenders to produce these benchmark figures. (Today’s Commentary podcast can be found here a ....

United States , Melissa Tran , Elizabeth Karwowski , Anjelica Nixt , Maureen Sweeney , Chris Lowis , Jay Powell , Nancy Bleeke , Amanda Phillips , Jillian White , Carl Wooloff , Darran Anthony , Marianne Collins , David Bunton , Todd Maki , Reid Herlihy , Rebecca Lorenz , Skylar Olsen , Marketing Service Agreements , Your Construction Lending Program , Real Estate Appraiser Ltd , National Association Of Realtors , Office Of The Comptroller , Third Bank On , Housing Finance Agency , Business Development ,

Lead Source, Secondary Marketing, Income Verification, Marketing Tools; FHA VA, Ginnie News

The most dangerous statement in the English language is, “But we’ve always done it this way.” Referral business has always been a mainstay in our biz, and is not “against the law,” but oddly enough one topic that has come up a few times here in San Diego at the MBA’s conference is continued talk about MSAs, or Marketing Service Agreements. The CFPB spells out everything in its FAQ site. Attorney Brian Levy also discusses the topic in one of his Musings. One session yesterday included attorneys Mitch Kider and Troy Garris; any questions on the following should be addressed to them. The shorthand notes? Referrals are fine, but paying for them, think twice! RESPA’s been around for decades, the purpose being to discourage kickbacks and illegal referrals. You can’t give someone a thing of value for a referral. You can still do lots of things that you can do with your referral partners! Setting up an MSA? Make sure it is for real servic ....

San Diego , United States , Chris Seymour , Brett Brumley , Freddie Mac , Michael Jordan , Anjelica Nixt , Seth Sprague , Troy Garris , Brent Emler , John Seroka , Gibran Nicholas , Mitch Kider , Ginnie Mae , Guild Mortgage , Marketing Service Agreements , Freddie Mac Primary Mortgage Market , National Green Juice Day , Broker Software , Component Lender Services , Mortgage Funding , Joe Amoroso To Universal Component Lender Service , Seroka Brand Development , Single Family Housing Guaranteed Loan Program , Rural Development , Housing Administration ,