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Why are you even at work today? Just so you can read, “It’s not a recession unless it’s from the Recession Region of France, otherwise it’s just Sparkling Misery.” Or to learn that, on this date in 1888 in France, Vincent van Gogh sliced off his left ear as a love-drury. (More lookbacks below.) Been to the store lately? A dozen large eggs, and there aren’t a lot of substitutes for eggs in baking, in the American Midwest is now going for around $5 at wholesale, up from $1.60 at the same time last year, due to the worst-ever bird flu ripping through the poultry population of the United States. So far 57.5 million birds have died as a result of outbreaks, most of which are egg-laying hens. (The flu is expected to continue for the rest of the winter.) In other trends more germane to real estate, the increase in work from home means that some developers of downtown commercial real estate are kicking off transitions of office towers into apartments & ....
Nominations open for the 2022 Best Mortgage Companies to Work for nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.
AE, Ops, Sales Jobs; Sec. Mktg., NOI, QC, Diversity Products; NewRez/Caliber Deal; Servicing Retention Study Apr 15 2021, 8:29AM There are some clever people out there, especially when it comes to satisfying demand. Lenders know that mortgage pricing is a function of supply and demand. If one investor doesn’t want your non-owner loans, for example, some other investor will, whether it is a Wall Street private label or a non-QM investor. I mention this because the 25 leading U.S. banks curtailed loan holdings by 8% during the first quarter to $5.45 trillion, according to the Federal Reserve. Deposits rose 16%, to $10.13 trillion, giving the lowest loan-to-deposit ratio since data collection began 36 years ago. How about the supply & demand of odd properties? How does one obtain financing, or go to the bank, or have an appraisal done, on a lighthouse? Sea lovers should know that the historic Wolf Trap Lighthouse and a waterfront lot to keep your ....
REIT, MLO, Bus. Dev. Jobs; Warehouse, MI, AMC, HELOC Products; MSRs, the Economy, Servicing, and the CFPB Feb 1 2021, 8:07AM January’s already in the rearview mirror and our industry is keeping an eye on all kinds of things. Like silent movies moving into “the Talkies” in 1927, the Chrisman Commentary - Daily Mortgage News podcast is now live and at any place you obtain your podcasts (like Apple or Spotify). Subscribe or download today, it is a great way to listen to this commentary while you run or row or walk, but with a Millennial slant. (It is a work in progress, meant to increase your knowledge to help you help your clients. Comments or questions should be emailed here.) Home Point’s IPO scaled back? Yup. Are investors potentially interested in buying a lender’s stock while current owners are taking chips off the table, and there are plenty of other lenders already public? Yes. Well, sometimes. Attorney Brian Levy addresses how pu ....
MLO, Ops Jobs; Broker, Retention Products; Borrower Satisfaction; Primer on How News Impacts Rates Dec 10 2020, 8:00AM “My ability to remember song lyrics from the 80s far exceeds my ability to remember why I walked into the kitchen.” The Baby Boomers are certainly riding the appreciation wave in housing across the nation. (Speaking of waves, did you know that Hawai’i is last among the states in boat registrations?) And given the rising values of a house, is anyone surprised that the fears of forbearance causing a cratering of the United States real estate market were entirely overblown? Owners will do whatever they can not to give up on the appreciation, and appraised values continue to edge higher. Appraisers love easy to appraise, “cookie cutter” houses and buildings, but these aren’t those. 70+ million people aged 24-39, aka Millennials, sure want to own homes or at least have a place to live. And developers are converting more a ....