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Compliance, CRM, LOS, Servicing, Workflow, Internal Audit Products; Non-QM and Jumbo News

My cat Myrtle doesn’t have a lot of rizz, and there are those that will argue that no cat has any charisma whatsoever. But plenty of marketing people do, or can create it, and even if you’re not in marketing, there are some clever marketing people out there. Creative minds as well, and if you’re looking for a Christmas present, here are the “best inventions of 2023” per Time Magazine. There is also cleverness and creativeness in the modular home manufacturing industry, probably far outpacing the ability of state and local government to issue permits. Meanwhile, lenders are facing a winter trying to figure out if they are in the “Survive until ‘25” camp or the “Grow more in ‘24” mindset? The credit industry is reeling as lenders grapple with soft versus hard pulls, renegotiating pricing, and bundled deals. And for some reason LO comp continues to be unsettled: dual comp, MLOs as real estate agents, transferring ....

Jeff Pancer , Sandra Madigan , Dustin Owen , Holly Spencer Bunting , Angel Oak Mortgage Solutions , First Community Mortgage , Market Committee , Fannie Mae , Time Magazine , Correspondent Program News , Mortgage Technology , Servicing Solutions , Lendsure Mortgage Corp , Broker Program , Lendsure Pl Loan Program , Mayer Brown , Profit Loss Pl Loan Program , Cino Mortgage Suite , Cino Mortgage , Cino Incentive Compensation , Cino Mortgage Analytics , Spencer Bunting , Broker Products , Dave Savage , Waterstone Mortgage , Brian Covey ,

Wholesale, TPO, Verification, Appraisal Products; What are Lenders Doing About Rising Credit Costs?

Yesterday, a clown held the door open for me. It was such a nice jester. On the flip side, it’s not nice being taken advantage of and lenders are feeling Thunderstruck about, as this Commentary has mentioned several times, credit costs being jacked (more below). On the inflation theme and a little more mainstream, for me and plenty of people who read this Commentary every day, is the egg price fixing that has been occurring. (Remember when prices were way up around Easter?) Although inflation has been slowing, we don’t need this stuff. And the price of the twelve gifts described in the classic song “The 12 Days of Christmas” is at a record high of $46,730, according to PNC’s 2023 Christmas Price Index. At the other end of the cost spectrum, how’d you like to live like Martha Stewart (for a night) for $11.23? Rent her place! (Today’s podcast can be found here, and this week’s is sponsored by MCT. MCT’s technology and know-ho ....

United States , Justin Demola , John Fraas , Ginnie Mae , Martha Stewart , David Laz Lazowski , Anjelica Nixt , Freddie Mac , Dave Stevens , Michael Crockett , Neil Merritt , Steve Jacobson , Luxury Mortgage Corp , Credit Reports Initiative , Product Strategy Development , Time Close Program , Cornerstone Capital Bank , National Mortgage News , Fannie Mae , Fair Isaac Corporation , Broker Products , Class Valuation , Valuation Connect , Richey May , Luxury Mortgage , Dream Home ,

What the Fed Does Will Determine Wednesday's Trading

We don't expect the Fed to call a negative GDP print for 2023 even though the odds of recession following the November S&P Global PMI data are rising. ....

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